Petrobras on Arbitration Involving Sete Brasil

Source: www.gulfoilandgas.com 4/1/2020, Location: South America

Petrobras has entered into a settlement agreement to end an arbitration filed by an investor in Sete Brasil Participaçoes S.A. - under judicial reorganization, seeking compensation from Petrobras for alleged damages related to its investment in the Sondas Project.

In the 1Q2020, Petrobras will revert a provision of R$ 634 million related to thew disputes arising from the company Sete Brasil. The terms of the settlement agreement and the arbitration are confidential.

The company remains in defense of its interests in the ongoing proceedings.


United Kingdom >>  7/5/2022 - THREE60 Energy has acquired well and pipeline operator and well management specialist, Fraser Well Management, broadening and strengthening the compan...
United States >>  7/5/2022 - Helix Energy Solutions Group, Inc. ("Helix") (HLX) announced the completion of the previously announced acquisition of all of the equity interests of ...

France >>  7/4/2022 - CGG announced that Sercel, its Sensing & Monitoring division, was selected as the successful bidder for the acquisition of ION Geophysical Corporation...
United Kingdom >>  7/4/2022 - Ithaca Energy is pleased to announce that its acquisition of Siccar Point Energy, announced on 7 April 2022, has completed with all conditions having ...

Bermuda >>  7/1/2022 - Golar LNG Limited ("Golar") announces that it has sold to Cool Company Ltd. (“CoolCo”) the management organization responsible for the technical and c...
Norway >>  7/1/2022 - TGS ASA has acquired Prediktor AS ("Prediktor"), a leading provider of asset management and real-time data management solutions to renewable and energ...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.