Tag: Pedro Parente Petrobras CEO

• Friday, June 15th 2018 - 10:57 UTC

  Petrobras ex-CEO becomes head of Brazilian giant food processor BRF

  

  The board of Brazilian food processor BRF SA on Thursday elected Chairman Pedro Parente to the additional post of chief executive, the company said in a securities filing. Parente, the former CEO of state-controlled oil company Petrobras will hold both positions for an initial period of 180 days, BRF said.

• Thursday, May 31st 2018 - 07:40 UTC

  Deal to compensate one of the world's most indebted oil company

  

  Petrobras and Brazil’s government are “very close” to resolving a long-running dispute over an oil-rich offshore area, a deputy minister said, dismissing concerns a fuel pricing crisis had emerged as an obstacle in talks.

• Thursday, May 24th 2018 - 07:20 UTC

  Brazil lowers diesel prices 10%, but truckers' strike continues threatening grain exports

  

  Petrobras on Wednesday temporarily cut diesel prices by 10% in order to help the Brazilian government and truck drivers resolve a protest crippling highways.

• Friday, November 17th 2017 - 08:03 UTC

  Petrobras counts on pre-salt production to compete with a boom in US shale output

  

  Brazil's low-cost oil will help Petrobras compete in a tough market as it seeks to turn around its business, Pedro Parente, CEO of the state-owned oil giant anticipated. Oil majors such as Exxon, Mobil, BO, Royal Dutch Shell, Total and Statoil have been snapping up blocks in the Atlantic Ocean off the coast of Brazil that hold crude under thousands of meters of salt.