Tag: Petrobras

• Friday, May 11th 2018 - 09:05 UTC

  Despite legal setbacks, Lula reiterates his intention to run for a third presidential term

  

  Brazil's former President Luiz Inacio Lula da Silva reiterated on Thursday his intention to run for a third presidential term. Lula was jailed on April 7 and is serving a sentence of 12 years and one month for corruption and money laundering.

• Wednesday, May 2nd 2018 - 08:31 UTC

  Petrobras increases offshore production: plans an extra million bpd output next year

  

  Brazil’s state-controlled Petrobras expects oil production to start by the end of June at its Tartaruga Verde e Mestica offshore platform, the second of seven facilities planned to be installed this year, a company executive said on Monday.

• Wednesday, February 28th 2018 - 10:00 UTC

  Brazilian presidential hopeful would support privatization of Petrobras

  

  The governor of Sao Paulo and likely centrist presidential candidate Geraldo Alckmin said that he would privatize Brazil's state-run oil company Petrobras if he wins the elections in October.

• Tuesday, January 30th 2018 - 10:00 UTC

  Petrobras to join the Oil and Gas Climate Initiative

  

  The Oil and Gas Climate Initiative (OGCI) and Petrobras announced that the Brazilian company will join the initiative. This commitment is subject to the approval of the OGCI Climate Investments Members’ Agreement by the Petrobras board of directors.

• Thursday, January 25th 2018 - 07:05 UTC

  Brazil shares surge as Lula's corruption conviction is confirmed ruling him out his presidential bid

  

  Brazilian assets soared, with the Bovespa surging above 83,000 for the first time ever, and the currency Real surging through 3.20 after three judges in a local appeals court upheld a conviction for corruption imposed last July on ex-President Lula da Silva.

• Tuesday, January 16th 2018 - 09:48 UTC

  Petrobras and Total confirm completion of Strategic Alliance involving US$ 1.9bn

  

  Petrobras has completed the previously announced sale of shares in several Brazilian fields to France’s Total for US$1.95 billion it was confirmed. The deal was announced as part of the two companies’ Strategic Alliance, signed in March 2017.

• Friday, January 5th 2018 - 11:05 UTC

  Petrobras Brazilian shareholders demand similar payment as those in a class action lawsuit in US

  

  Brazilian shareholders of state-controlled Petrobras are petitioning a Brazilian court to be paid on similar terms as those given to U.S. shareholders in a US$ 2.95 billion settlement, according to lawyers representing them.

• Thursday, January 4th 2018 - 09:18 UTC

  Petrobras agrees to pay US$ 2.95bn to settle class action suit in New York

  

  Petrobras has agreed to pay US$2.95 billion to settle a class action suit in New York brought on behalf of investors harmed by a huge corruption scandal at the Brazilian state oil giant, the company said on Wednesday.

• Wednesday, December 27th 2017 - 10:44 UTC

  Brazil is the world's ninth largest producer of hydrocarbons

  

  Brazil has produced 3.3 million barrels per day (b/d) of petroleum and other liquids so far in 2017, according to data through August, up from 3.2 million b/d in 2016, making it the ninth-largest producer of petroleum and other liquids in the world. Production of crude oil in Brazil increased in recent years as producers targeted large, offshore, pre-salt oil deposits. Brazil’s pre-salt oil production in 2016 reached a record 1.02 million b/d, surpassing the 2015 production level by 33%.

• Saturday, December 23rd 2017 - 10:11 UTC

  Petrobras 2018/22 business plan foresees US$ 74.5bn investments

  

  Petrobras' business and management plan for 2018 through 2022, approved by the Brazilian state-owned oil company's board of directors, foresees investments of US$ 74.5 billion, slightly higher than the US$ 74.1 billion projected in the previous 2017-2021 program.