Tag: Petrobras

• Tuesday, August 12th 2014 - 06:24 UTC

  Petrobras earnings down 20%; subsidized fuels strangling the company

  

  Second quarter profits for Brazil's Petrobras dropped 20% compared to the same period one year earlier, the state-run oil giant said. Petrobras recorded profits of 4.96 billion Reais (about 2.22 billion dollars) in the quarter, compared to 6.2 billion Reais (nearly 3 billion) for the same period in 2013.

• Tuesday, August 12th 2014 - 05:44 UTC

  Brazilian government anticipates 6% hike in fuel prices, after October election

  

  Brazilian president Dilma Rousseff admitted on Monday the government could increase domestic fuel prices at refineries by up to 6% after the October presidential election. The increase of 5.5% and 6% is a preliminary calculation and is geared to help prop the finances of the government managed oil and gas giant Petrobras.

• Monday, August 11th 2014 - 08:11 UTC

  Brazil oil output at record 2.246m bpd in June: 6.9% higher over a year ago

  

  Brazilian oil output reached a record 2.246 million barrels per day (bpd) in June and exceeded the previous record of 2.231 million bpd in January 2012, the National Agency of Petroleum (ANP) reported. Output is up 2.6% from May 2014 and 6.9% June on June.

• Tuesday, May 27th 2014 - 11:01 UTC

  Brazil considering proposals to open operatorship of pre-salt projects

  

  Brazil's government is considering proposals to open operatorship of its pre-salt projects to companies other than state-run Petrobras and this change might be made, Mayer Brown partner Alexandre R. Chequer told the law's firm's annual energy conference in Houston last week.

• Friday, May 16th 2014 - 09:37 UTC

  YPF wants to create a G10 of Latin American state oil companies CEO's

  

  Argentina's YPF CEO Miguel Galuccio proposed on Thursday in Bolivia a G10 of Latin American state owned oil corporations to strengthen their bargaining power based on their resources and development synergy.

• Saturday, April 12th 2014 - 08:59 UTC

  Brazilian police investigation into money laundering includes Petrobras

  

  Brazil's Federal police confirmed on Friday that it had orders from a Parana federal judge to raid Petrobras offices in search of documentation related to an alleged major money laundering scheme but it was not necessary because of the collaboration from the country's largest oil and gas corporation officials.

• Tuesday, April 8th 2014 - 00:21 UTC

  Rolls-Royce marine facility in Rio to support Brazil's oil industry

  

  Chancellor of the Exchequer George Osborne MP on a three-day visit to Brazil announced on Monday that Rolls-Royce is to build a new £ 22 million Marine facility in Duque de Caxias, Rio de Janeiro.

• Thursday, March 27th 2014 - 08:16 UTC

  Petrobras scandalous purchase of US refinery should be addressed by Congress

  

  Former Brazilian president Fernando Henrique Cardoso said Congress should investigate a growing scandal surrounding the controversial 2006 purchase by oil giant Petrobras of a Texas refinery.

• Thursday, March 20th 2014 - 06:57 UTC

  Dilma Rousseff questioned on “flawed” report that cost Petrobras 1.2bn

  

  A scandal surrounding the costly acquisition of a Texas oil refinery by Brazilian state-run energy company Petrobras years ago resurfaced Wednesday after new questions arose about President Dilma Rousseff’s handling of the deal, which involved a sum of 1.2bn dollars.

• Friday, January 10th 2014 - 06:40 UTC

  Brazil treasury pays highest yield to launch new 10-year fixed-rate domestic bond

  

  Brazil's Treasury on Thursday paid the highest yield ever to launch a new 10-year benchmark fixed-rate domestic bond. The Treasury said it sold two million NTN-F bonds maturing in January 2025, worth 1.64 billion Reais (683 million dollars), at a yield as high as 13.3899%. The bond is expected to become Brazil's new 10-year benchmark paper.