Tag: Maria das Graças Foster

• Saturday, September 28th 2013 - 05:08 UTC

  Petrobras makes ‘beautiful’ discovery and generates a new promising oil province

  

  Brazil's Petrobras and its Indian partners have made a “beautiful” oil discovery off Brazil's northeast coast, Sergipe-Alagoas basin, and it will produce a minimum 100,000 barrels of petroleum a day starting in 2018, the company's CEO said on Friday.

• Monday, September 23rd 2013 - 18:56 UTC

  Brazil insists that Libra oil field auction was a major success

  

  Brazil’s government is planning to give a boost to state-run oil company Petróleo Brasileiro by financing its participation in the October 21 auction of Libra, the country’s largest-ever oil discovery, the O Estado de Sao Paulo newspaper reported over the weekend.

• Thursday, August 22nd 2013 - 23:40 UTC

  Brazil fuel prices remain unchanged for now…despite growing losses of Petrobras

  

  Brazil's President Dilma Rousseff has not yet discussed raising gasoline and diesel prices to support state-run oil producer Petrobras, said her spokesperson in response to local media reports on Thursday.

• Monday, June 3rd 2013 - 05:08 UTC

  Argentina’s policy on foreign investments keeping businesses away

  

  Concern over Argentina's erratic policy on foreign investments is pushing regional business entrepreneurs toward caution and or keeping them away from South America’s second largest economy. Argentina nationalized Spanish oil major Repsol's majority stake in local energy giant YPF last year, a move that triggered alarm in the international investor community.

• Friday, May 24th 2013 - 06:38 UTC

  Petrobras will continue to operate in Argentina but may sell some assets

  

  Brazilian state-controlled energy giant Petrobras plans to continue operating in Argentina although it may sell some assets there, CEO Maria da Graças Foster said.

• Tuesday, February 5th 2013 - 17:13 UTC

  Petrobras still going strong but 2012 low profits and high debt pound on prospects

  

  Brazil’s government managed oil and gas corporation Petrobras posted a net benefit of 21.182 billion Reais (approx 10.6bn dollars) in 2012, which is 36% below 2011, reported the company in a filing, but in the fourth quarter profits totalled 7.747bn Reais (approx 3.9bn dollars) 53% higher than in the same period in 2011.

• Saturday, December 15th 2012 - 20:59 UTC

  Petrobras selling its assets in Argentina; YPF one of the interested companies

  

  Brazil's state-run oil company Petrobras is putting its Argentine assets up for sale and will start accepting bids from interested buyers as early as this week, Buenos Aires newspaper La Nacion reported Friday.

• Saturday, September 29th 2012 - 01:06 UTC

  Rousseff tells Cameron British interest in Brazil has come at the right time

  

  President Dilma Rousseff said British interest in Brazil had come at the right time after her government announced last month a 66 billion dollars investment in road and railway building as part of a massive plan to upgrade her country's dilapidated infrastructure, which includes modernizing ports and airports.

• Tuesday, August 14th 2012 - 23:23 UTC

  Petrobras says it struck light oil in deep waters offshore Sao Paulo state

  

  Brazil's state-managed energy giant Petrobras confirmed the presence of significant quantities of light oil in deep waters off the country's south-eastern coast. Petrobras said in a statement released late Monday that the high-grade oil was in the Carcara well, located 230 kilometres off the coast of the Sao Paulo state, in the BM-S-8 block.

• Sunday, June 24th 2012 - 02:49 UTC

  Brazil raises fuel prices for the first time since 2008, effective next Monday

  

  Brazil's state managed oil company Petrobras said it will raise gasoline and diesel prices for the first time since 2008, a move aimed at ending refining losses and paying for the world's largest corporate spending plan.