Tag: Petrobras

• Tuesday, February 7th 2023 - 10:59 UTC

  Lula pledges to boost shipyard and oil and gas industries

  

  Brazilian President Luiz Inácio Lula da Silva announced Monday his intention to boost the shipbuilding and oil and gas industries with the state-owned Petrobras and the Banco Nacional de Desenvolvimento Econômico e Social (BNDES) as vectors for public investments, Xinhua reported from Rio de Janeiro.

• Friday, January 27th 2023 - 10:13 UTC

  Petrobras has a new CEO; company shares drop awaiting fuels prices policy

  

  Former Senator and energy consultant, Jean Paul Prates is Brazil's oil giant Petrobras new Chief Executive, marking a clear difference from the previous administration rapidly reflected in the Sao Paulo stock exchange where company shares dropped more than 3% on Thursday

• Tuesday, January 3rd 2023 - 10:55 UTC

  Lula's first day if office, meeting Latin American leaders and a selloff in Petrobras shares

  

  As the Brazilian president Lula da Silva settled in his first day in office in the Planalto Palace, Latin American leaders met with the inaugurated president, who faced his first financial challenge, stocks had fallen more than 3%, led by a selloff of shares in state-run oil company Petrobras.

• Wednesday, November 2nd 2022 - 10:30 UTC

  Petrobras and partners make major oil discovery at Sépia offshore field

  

  Petrobras and partners have made an oil discovery in the north-west of the Sépia oil field, offshore Brazil, some 250 kilometers from Rio do Janeiro, drilling the 4-BRSA-1386D-RJS (Pedunculo) well. The well, which was spudded in late July 2022, was drilled at a water depth of around 2,200m.

• Saturday, October 15th 2022 - 14:48 UTC

  Petrobras leaving Argentina to seek more profitable investments

  

  Brazilian oil company Petrobras Friday announced its intention to leave Argentina and has therefore launched the sale of its stake in Posa, its local subsidiary, which holds a 33.6 % of the Río Neuquén Field.

• Thursday, September 29th 2022 - 10:04 UTC

  Brazil: drop in price of jet fuel announced

  

  Brazil's state-run oil company Petrobras Wednesday announced a 0.84% reduction in the sales prices for distributors of jet fuel starting Saturday. It is the third consecutive drop following a 10.4% one earlier this month after August's 2.6%.

• Thursday, September 1st 2022 - 18:44 UTC

  Petrobras cuts price of fuel for distributors

  

  Brazil's state-run oil company Petrobras Thursday announced it would reduce the sale price of fuel to distributors from R$ 3.53 (US$ 0.67) to R$3.28 (US$ 0.63) per liter effective Friday.

• Tuesday, August 30th 2022 - 10:16 UTC

  All fuel prices in Brazil down, thanks to Petrobras and tax reductions

  

  A survey from Brazil's National Oil, Gas and Bio-fuels Agency, ANP, showed that the average price for a liter of gasoline in service stations across Brazil had dropped 2,77%, and this way the price is now R$ 5,25 this week, the lowest it has been since February 2021.

• Thursday, June 30th 2022 - 09:29 UTC

  Brazil negotiating the purchase of diesel fuel from Russia

  

  Anticipating possible fuel shortages, particularly diesel, the Brazilian government is considering importing the fuel from Russia. Currently, only Petrobras imports diesel from India, the country which is refining Russian oil. Brazil's foreign ministry is already helping private companies with the necessary accreditation for such operations through Abicom, the fuel importers association.

• Tuesday, June 28th 2022 - 09:19 UTC

  New Petrobras CEO greenlighted pending objections

  

  Caio Mário Paes de Andrade has been approved Monday as the new CEO of Brazil's state-run oil company to replace José Mauro Coelho, who lasted merely 68 days on the job.