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MercoPress, en Español

Montevideo, December 23rd 2024 - 16:47 UTC

Tag: Petrobras

  • Tuesday, January 8th 2019 - 09:28 UTC

    Brazilian government and Petrobras in dispute over billions of dollars

    The ministry said the figure, US$ 14bn was only one of several proposals passed to the transition team of president Bolsonaro by his predecessor Michel Temer

    Brazil’s Economy Ministry denied that the government would pay US$ 14 billion to state-controlled oil company Petroleo Brasileiro SA to settle a dispute over an oil-producing zone off the Brazilian coast known as the transfer-of-rights area.

  • Saturday, December 29th 2018 - 07:44 UTC

    Petrobras announces hedging program for diesel prices

    Petrobras will be able to keep diesel prices stable for “short periods” of up to seven days, while varying the frequency of price adjustments during times of high volatility.

    Brazil’s Petrobras has approved a hedging program for diesel prices in a bid to boost pricing flexibility, the state-run oil firm said in a filing on Friday. While Petrobras did not detail how its diesel hedging program would be structured, it said the move was similar to a measure taken in September, when the company introduced a hedging program for gasoline.

  • Wednesday, December 26th 2018 - 08:55 UTC

    Petrobras plans to invest US$ 84bn mainly in pre-salt areas by 2023

    Around US$ 69bn of the planned investment will be channeled into the development of production in the pre-salt areas

    Petrobras has unveiled plans to invest US$ 84.1bn in deepwater exploration and production projects in Brazil, as well as raise $27bn through asset sales and partnerships by 2023. Around US$ 69bn of the planned investment will be channelled into the development of production in the pre-salt areas. Other key focus areas of investment include refining, transportation, trading, and natural gas and petrochemicals.

  • Monday, December 17th 2018 - 08:49 UTC

    Oil trader Trafigura ex officials face corruption charges in Brazil involving Petrobras

    Last week, Brazilian investigators arrested eight men linked to the larger investigation of the oil traders, opening a new phase of the Car Wash probe

    Brazilian prosecutors on Friday charged two former executives of oil trader Trafigura over allegations of paying at least US$ 1.5 million in bribes to employees of Petrobras. Prosecutors said in a statement that the charges against Mariano Marcondes Ferraz, a former Trafigura top executive, and Marcio Pinto Magalhaes, a country representative, were the first of many to come against the world’s largest oil traders.

  • Saturday, December 8th 2018 - 09:30 UTC

    Brazil environment regulator denies license to drill near mouth of the Amazon

    Regulatory agency Ibama said the license was denied “due to a set of technical problems” identified during the application process.

    Brazil's environmental regulator on Friday denied French oil giant Total a license to drill for crude in five blocks near the mouth of the Amazon river. Regulatory agency Ibama said the license was denied “due to a set of technical problems” identified during the application process.

  • Tuesday, November 27th 2018 - 15:18 UTC

    Sharp fall in Brazil's Petrobras fuel but not so fast at pumps

    According to Petrobras, the price of its gasoline accounts for about a third of the final value at pumps.

    The average price of gasoline at Petrobras' refineries has dropped around 20% in November as of Tuesday but that decrease will not hit retail prices anytime soon. The state-run petroleum company made the announcement Monday, but gas stations were reluctant to follow suit, at least not at the same level.

  • Saturday, November 24th 2018 - 09:05 UTC

    Lula, Dilma and several ministers formally accused of receiving corruption money

    Besides Lula and Rousseff, PT's current president and several ex ministers are implicated: Joao Vaccari Neto and ministers Antonio Palocci and Guido Mantega

    Brazil has opened criminal proceedings against former leaders Lula da Silva and Dilma Rousseff for allegedly receiving bribes with money diverted from state-owned oil giant Petrobras. The Workers Party (PT) of the two ex-presidents has strongly denied the charges, calling them a “scandalous maneuver” with partisan motives.

  • Monday, November 19th 2018 - 16:36 UTC

    Castello Branco to head Petrobras under Bolsonaro

    Roberto Castello Branco has a postdoctoral degree from the University of Chicago and has served on Petrobras' Board of Directors.

    Brazilian President-elect Jair Bolsonaro's future Economy Minister Paulo Guedes Monday announced Economist Roberto Castello Branco has accepted the invitation to become the next Petrobras chairman.

  • Thursday, October 4th 2018 - 08:43 UTC

    Brazilian markets soar on prospects of a Bolsonaro victory next Sunday

    Brazil’s benchmark Bovespa stock index jumped 4% to a nearly five-month high and the local currency, the real, gained 2.6% against the U.S. dollar

    Brazilian markets soared for a second day on Wednesday on an opinion poll confirming right-wing presidential candidate Jair Bolsonaro was gaining steam ahead of Sunday’s vote and was on track to beat his likely leftist rival in a second-round runoff.

  • Thursday, October 4th 2018 - 07:20 UTC

    Four FPSO planned for the Falklands by 2025, according to oil industry reports

    In South America, Brazil has 25 planned and announced FPSOs, followed by the Falkland Islands and Guyana with four and three FPSOs, respectively. (Pic Petrobras)

    The latest report from Global Data, FPSO Industry Outlook, suggests that a total of 74 planned and announced floating production, storage, and offloading units (FPSOs) are expected to start operations globally by 2025. Globally, South America leads with 32 planned and announced FPSO additions by 2025, including four in the Falkland Islands, followed by Africa and Europe with 17 and seven FPSOs, respectively.