Tag: Petrobras

• Wednesday, June 6th 2018 - 08:38 UTC

  Brazil industrial production returned to positive growth during April

  

  Brazilian industrial production increased 0.8% in April, marking a return to positive growth after dropping by 0.1% in March, the government announced on Tuesday. According to the report by Brazil's statistics bureau, IBGE, the industrial sector has grown 4.5% so far in 2018.

• Thursday, May 31st 2018 - 08:27 UTC

  Debilitated Brazilian government challenged with an oil-workers 72-hour strike

  

  Brazilian oil workers began a 72-hour strike on Wednesday in a new blow to President Michel Temer following a nationwide trucker protest that has strangled Latin America's largest economy for over a week. The strike affecting several rigs, refineries, plants and ports is the latest challenge for state-led oil firm Petrobras, whose shares have tumbled nearly 30% in two weeks over fears that political interference would unwind more investor-focused policies.

• Thursday, May 31st 2018 - 07:40 UTC

  Deal to compensate one of the world's most indebted oil company

  

  Petrobras and Brazil’s government are “very close” to resolving a long-running dispute over an oil-rich offshore area, a deputy minister said, dismissing concerns a fuel pricing crisis had emerged as an obstacle in talks.

• Wednesday, May 30th 2018 - 09:35 UTC

  Petrobras workers Wednesday strike was declared illegal

  

  Brazil’s Superior Labor Court (TST) ruled on Tuesday that a 72-hour strike planned by workers of state-run oil company Petrobras was illegal, the office of the government’s solicitor general said.

• Thursday, May 24th 2018 - 07:20 UTC

  Brazil lowers diesel prices 10%, but truckers' strike continues threatening grain exports

  

  Petrobras on Wednesday temporarily cut diesel prices by 10% in order to help the Brazilian government and truck drivers resolve a protest crippling highways.

• 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.