Tag: Petrobras

• Thursday, July 6th 2017 - 06:57 UTC

  Brazilian plan to review purchase of Bolivian natural gas

  

  Petrobras should cut the maximum amount of natural gas it buys from neighboring Bolivia in half in an effort to encourage domestic importers and distributors to enter the market, according to a Brazilian government study.

• Thursday, July 6th 2017 - 06:42 UTC

  Petrobras awards pipeline inspection services contract to Fugro and its new vessel

  

  Netherlands Fugro has been awarded a further two-year contract by Petrobras to provide comprehensive inspection, repair and maintenance (IRM) and pipeline inspection services in Brazil.

• Thursday, May 18th 2017 - 22:37 UTC

  Bovespa plummets 8.8% and Real suffers the largest drop in 14 years

  

  Brazilian markets plummeted on Thursday as allegations that President Michel Temer condoned bribes to silence a key witness deflated investor optimism about the prospects for his ambitious pension and labor reform agenda.

• Wednesday, May 17th 2017 - 15:53 UTC

  Petrobras performance improving: largest quarterly earnings in two years

  

  Brazilian state-controlled oil company Petrobras reported its largest quarterly earnings in two years as crude prices rose and the government allowed it to sell fuel at a profit in the domestic market. Petrobras posted a 4.5 billion reais net profit (US$ 1.4bn) in the January to March period, reversing a 1.25 billion reais loss (US$ 400 million) in the first three months of 2016.

• Thursday, May 4th 2017 - 05:44 UTC

  Petrobras reveals Libra field achieves a breakeven price of US$ 35/bbl

  

  Brazil's oil and gas company Petrobras shared innovations and efficiency gains related to the Libra field at the Offshore Technology Conference (OTC) in Houston. Petrobras revealed collaboration between Libra area partners has produced a US$13/bbl reduction to the project's breakeven price.

• Monday, April 3rd 2017 - 13:52 UTC

  Brazil rapidly becoming global supplier of light crudes

  

  Brazil is poised to sharply increase oil exports this year as heavy investments spur new output and demand for its lighter crudes win more buyers, especially in China and India. Production is projected to rise 210,000 barrels per day (bpd) in 2017, second only in the size of additional supply to the United States among non-OPEC producers.

• Wednesday, March 15th 2017 - 08:04 UTC

  Lula da Silva denies all charges in court; “I have been a victim for three years”

  

  Brazil's former president has appeared in court to deny allegations he was part of a plot to obstruct a massive corruption probe by keeping a former Petrobras executive from revealing what he knew. News media websites in Brazil published Tuesday's testimony by Lula da Silva, who told a federal court in Brasilia that he didn't even know Nestor Cervero, a former director of the State oil company.

• Tuesday, February 21st 2017 - 10:58 UTC

  Petrobras exporting record volumes from sub-salt offshore oil fields

  

  Rising output from Brazil’s sub-salt offshore oil fields is allowing Petrobras to export record volumes of oil and import less light crude for its refineries, a senior executive said. Cláudio Mastella, executive manager for refining and natural gas logistics, said the move is helping to reduce Petrobras’ operational and logistical costs because lighter oil is easier and cheaper to refine into products like gasoline and diesel.

• Tuesday, February 14th 2017 - 12:17 UTC

  Petrobras credit rating raised to BB-: improved governance “compares well with those of its peers”

  

  Credit rating agency Standard & Poor’s on Friday raised its corporate credit rating on Petrobras, one notch, from B+ to BB-. The rating change does not lift Petrobras out of the non-investment grade category, but it lowers the risk from “highly speculative” to “speculative.”

• Thursday, February 2nd 2017 - 17:35 UTC

  Petrobras scandal reaches Chile: Bachelet denies receiving any financial support

  

  Chilean President Michelle Bachelet on Wednesday denied reports she received financial support for her 2013 campaign from a construction conglomerate that is involved in Brazil's huge Petrobras corruption scandal. Grupo OAS is among dozens of Brazilian companies that are embroiled in a kickback scheme that is the biggest corruption scandal in Brazil's history.