Tag: Petrobras

Wednesday, April 24th 2019 - 09:11 UTC
Petrobras transparency: discloses fuel prices to head off a strike by independent truckers

Brazil's state-controlled Petrobras started publishing daily wholesale gasoline and diesel prices at each of the company's 37 points of sale, the latest step aimed at heading off a strike by independent truck drivers.
Friday, April 19th 2019 - 09:29 UTC
Brazil to put up new pre-salt oil blocks for auction in October

Brazil will hold an offshore oil deposit auction in October featuring blocks that were the object of a long-running dispute with state energy giant Petrobras. Reuters reports, citing Economy Minister Paulo Guedes, that participants in the auction will need to cough up a signing bonus of a total US$26.9 billion for the four blocks.
Thursday, April 18th 2019 - 09:41 UTC
Petrobras insists it is completely free of political interference and increases diesel price 10 cents

Brazilian state-run oil firm Petrobras hiked diesel prices on Wednesday, and executives said the firm could expand its already aggressive divestment plan while arguing the company was completely free of political interference.
Tuesday, April 16th 2019 - 08:31 UTC
Brazil's Real and Petrobras shares recover on Monday trading

Brazil's Real and shares rose on Monday, recovering after declines last week, while the currencies of oil exporters such as the Mexican and Colombian pesos weakened as crude prices dipped.
Monday, April 15th 2019 - 09:34 UTC
Brazil fuel-price controversy: Minister Guedes confident he can convince Bolsonaro and overcome the situation

Brazilian Economy Minister Paulo Guedes said he’ll clear up any confusion from President Jair Bolsonaro’s decision to halt a planned fuel-price hike by Petrobras.
Thursday, April 11th 2019 - 09:06 UTC
Swiss prosecution has returned US$ 365m to Brazil linked to corruption operations in Petrobras and Odebrecht

Crime-fighters in Switzerland and Brazil pledged to intensify cooperation to resolve the sprawling corruption case linked to state oil firm Petrobras in which around 700 million Swiss francs (US$ 701 million) remain frozen in Switzerland.
Thursday, April 11th 2019 - 06:54 UTC
Petrobras to receive US$ 9.058bn following agreement with the government

The Brazilian government reached a landmark deal to pay state-controlled oil company Petrobras SA US$9.058 billion for revising a transfer-of-rights oil contract, Energy Minister Bento Albuquerque said.
Saturday, April 6th 2019 - 09:02 UTC
French/Canadian consortium takes Petrobras major gas pipeline in north Brazil

A consortium led by France's Engie SA submitted the highest offer for a major gas pipeline unit owned by Petrobras, the state-run oil firm said on Friday, as the company's biggest divestment draws to a close.
Thursday, April 4th 2019 - 09:41 UTC
Petrobras finally shows positive results and with strong growth prospects

Petrobras has finally announced a positive annual result, five years after the Lava Jato corruption probe left the Brazilian state-controlled company with spiraling debts. The firm closed the year with a US$ 25.8bn net profit, the highest figure in seven years, and a total of R$20.2bn (US$ 5.27bn) in asset sales.
Monday, April 1st 2019 - 08:44 UTC
Petrobras interested in tendering to explore for oil and gas offshore Israel

Brazilian state-run oil firm Petrobras is considering bidding in a new tender to explore for oil and gas offshore Israel, a leading Israeli financial news website reported on Sunday. Calcalist reported that a final decision could be announced during a four-day visit to Israel by Brazilian President Jair Bolsonaro that began on Sunday.