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Montevideo, June 15th 2024 - 11:14 UTC

Tag: Petrobras

  • Friday, June 14th 2024 - 21:18 UTC

    Petrobras CEO regrets time spent without exploring Equatorial Margin

    ”I took part in the discovery of the pre-salt,” Chambriard had noted on her first day as CEO

    Petrobras' newly appointed CEO Magda Chambriard said this week that Brazil's state-run oil company “lost 10 years” by not exploring an area known as the new “pre-salt” and criticized the Brazilian Institute for the Environment and Renewable Natural Resources (Ibama) for the delay in authorizing oil explorations in the so-called Equatorial Margin, Agencia Brasil reported.

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  • Tuesday, May 28th 2024 - 14:01 UTC

    Petrobras' new CEO upholds current pricing policy

    The goal is to be profitable while remaining sustainable, Chambriard explained three days after taking over as CEO of Petrobras

    The new CEO of Brazil's State-run oil company Petrobras Monday defended during a press conference the company's current pricing policies to preserve domestic market stability, Agência Brasil reported. Magda Chambriard had been on her post three days after a reshuffle ordered by President Luiz Inácio Lula da Silva.

  • Wednesday, May 15th 2024 - 19:54 UTC

    Petrobras' shares plummet after Prates' departure from CEO post

    Prates said he was happy having averted full privatization rumors shadowing Petrobras

    Brazilian President Luiz Inácio Lula da Silva's decision to have Jean-Paul Prates removed as CEO of the State-run oil company Petrobras resulted in shares dropping more than 8% at the Sao Paulo Stock Exchange on Wednesday. Ordinary shares (PETR3) fell 8.36% while preferred shares (PETR4) went down 6.75%, it was reported. In addition, Petrobras' ADRs (American Depositary Receipt) in New York were down around 7.5% on Wednesday.

  • Thursday, May 2nd 2024 - 10:04 UTC

    Petrobras hits new environmental achievement

    The latest environmental achievement was deemed an important element for Petrobras’ investors said Director Maurício Tolmasquim

    Brazil's state-run Petrobras oil company announced this week a 41% reduction in carbon dioxide (CO2) emissions between 2015 and 2023, Agencia Brasil reported. The result was “exceptional,” said Petrobras' Energy Transition and Sustainability Director Maurício Tolmasquim.

  • Wednesday, April 10th 2024 - 19:51 UTC

    Petrobras finds oil not far from Amazon River mouth

    Petrobras' deep sea explorations have drawn heavy criticism from environmentalist groups

    Brazil's state-owned oil company Petrobras said Wednesday it had discovered a new reservoir in the ultra-deep waters of the Potiguar Basin, in the Anhangá exploratory well, located between the states of Amapá and Rio Grande do Norte.

  • Saturday, January 6th 2024 - 10:10 UTC

    FPSO Sepetiba begins production at Petrobras’ third largest oil field off Brazil

    The Mero field on the Libra block is located some 180 kilometers off the coast of Rio; FPSO Sepetiba has been chartered by Petrobras on a 22.5-year lease

    Oil and gas giant Petrobras has started production from a floating production, storage, and offloading (FPSO) vessel at its giant Mero oil field in the pre-salt area of the Santos Basin offshore Brazil. The third production unit at the field, out of a total of five, since two are yet to be installed.

  • Monday, August 21st 2023 - 11:18 UTC

    Brazil's Petrobras refineries increase gasoline 16,17% and diesel, 25,83%

    The Brazilian oil giant blamed the increase in international prices, and the company being at the limit of its operational capacity

    Brazil's Petrobras this last week increased the price of gasoline and diesel, 16,17% and 25,83% respectively at its refineries. The higher prices were announced following complaints from private refineries that domestic prices were out of line and tendency with the increased situation in international markets.

  • Thursday, August 3rd 2023 - 07:05 UTC

    Petrobras processing more oil in domestic refineries, as export volumes drop 22%

    Petrobras exported, in the second quarter of this year, 411.000 bpd of oil, which represented a decrease of 22.6% in comparison with the same period last year.

    Brazil's giant oil and gas corporation Petrobras this week presented its second-quarter report, which showed a drop in oil exports in a scenario of increased processing at domestic refineries.

  • Tuesday, May 16th 2023 - 10:19 UTC

    Petrobras creates diversity management position

    To fill the position, Petrobras will hold an internal selection process, aimed exclusively at people from under-represented groups

    Brazil's state-run oil company Petrobras Monday announced the creation of a diversity, equity, and inclusion managerial position, Agencia Brasil reported.

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

    Lula pledges to boost shipyard and oil and gas industries

    Lula also criticized the Central Bank for keeping the basic Selic interest rate at 13.75%, for which “there is no justification”

    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.