Tag: Petrobras

• 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.

• Saturday, March 23rd 2019 - 09:02 UTC

  Petrobras reviewing a deal with China's CNPC to build an oil refinery

  

  Brazil's Petrobras is re-evaluating a preliminary deal with China National Petroleum Corporation (CNPC) to build an oil refinery in the state of Rio de Janeiro, Brazilian economic newspaper Valor Economico reported on Thursday, citing a source from Petrobras’ management.

• Friday, February 22nd 2019 - 09:24 UTC

  Brazilian oil production challenges OPEC' attempts to balance the market and prices

  

  While everyone is talking about how surging U.S. crude oil production will offset a large part of the ongoing OPEC/non-OPEC production cuts, there are other oil producers not taking part in the OPEC+ deal and poised to see their output jump this year.