Louisiana Light • 2 days | 85.15 | -1.06 | -1.23% | |||
Bonny Light • 1 day | 88.97 | +1.21 | +1.38% | |||
Opec Basket • 2 days | 84.98 | -0.94 | -1.09% | |||
Mars US • 147 days | 77.67 | -1.57 | -1.98% | |||
Gasoline • 17 hours | 2.721 | +0.049 | +1.82% |
Bonny Light • 1 day | 88.97 | +1.21 | +1.38% | |||
Girassol • 1 day | 88.90 | +1.44 | +1.65% | |||
Opec Basket • 2 days | 84.98 | -0.94 | -1.09% |
Peace Sour • 23 hours | 74.10 | -0.27 | -0.36% | |||
Light Sour Blend • 23 hours | 73.60 | -0.27 | -0.37% | |||
Syncrude Sweet Premium • 23 hours | 82.35 | -0.27 | -0.33% | |||
Central Alberta • 23 hours | 74.00 | -0.27 | -0.36% |
Eagle Ford • 2 days | 77.83 | -0.27 | -0.35% | |||
Oklahoma Sweet • 2 days | 78.00 | +0.00 | +0.00% | |||
Kansas Common • 2 days | 71.50 | -0.25 | -0.35% | |||
Buena Vista • 2 days | 84.55 | +3.95 | +4.90% |
The distraction provided by the…
Chinese investment in Bosnia's wind…
BTG Pactual SA’s private-equity funds have announced that it has invested $1 billion in Sete Brasil Participacoes SA.
Sete Brasil has been seeking investment to raise capital in order to carry out its $27 billion plans to build deepwater drilling platforms in the south of Brazil and rent them to Petrobras. This latest sale of shares was done with the intention of raising $2.7 billion.
BTG, Banco Santander Brasil SA, and Banco Bradesco SA, all had a 13.7 percent stake in the oil rig operator before this round of fund raising efforts. BTG more than doubled its stake in the company to 30 percent, Santander’s stake shrank to 6.9 %, whereas Bradesco, who didn’t buy any additional stock, has seen its share in the company fall to around 3 percent.
Pension funds Petros and Funcef each held 19.2 percent before the capital increase, while Previ and Valia, also pension funds, had 10 percent and 5.5 percent, respectively. Petrobras held the remaining 5 percent and is keeping its stake.
By. Charles Kennedy of Oilprice.com
Russia Demands Oil Producers Slash Output for OPEC+
U.S. Northeast Gasoline Reserve Could Be Sold Off
World’s Top Oilfield Services Provider Not Leaving Russia
Ukraine Drone Attacks Knock Out 600,000 Bpd of Russian Refining Capacity
U.S. Crude Oil, Gasoline Inventories Continue to Drop
ADVERTISEMENT
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Merchant of Record: A Media Solutions trading as Oilprice.com