Tag: Petrobras

• Saturday, October 4th 2014 - 10:38 UTC

  Investors on edge waiting for the results of Sunday's voting in Brazil

  

  Latin American currencies weakened on Friday after strong U.S. jobs data was seen as increasing the likelihood of higher interest rates in the world's largest economy, while Brazil markets fluttered in the last trading session before Oct. 5 elections.

• Tuesday, September 30th 2014 - 04:40 UTC

  Brazils' Bovespa and Real plunge as Dilma climbs in polls with less than a week to election

  

  Brazilian financial markets took a beating on Monday after polls showed President Dilma Rousseff pulling past challenger Marina Silva ahead of Sunday's election. The Brazilian currency closed at its weakest level since December 2008 while the benchmark Bovespa stock index notched its biggest one-day loss in over three years.

• Saturday, September 27th 2014 - 06:34 UTC

  Marina Silva pledges to de-politicize regulatory agencies and state corporations

  

  Brazilian presidential candidate Marina Silva vowed to de-politicize regulatory agencies that she says do more to win favor with government allies than ensure fair and efficient markets in Latin America's biggest economy.

• Wednesday, September 17th 2014 - 04:02 UTC

  Brazil will hold new round of oil right auctions in the first half of 2015

  

  Brazil will hold a 13th round of oil rights auctions in the first half of next year in a sale that will include new areas in the country's promising Eastern Margin offshore region, a senior mines and energy ministry official said this week.

• Monday, September 8th 2014 - 06:44 UTC

  Petrobras corruption allegations smear Brazil's political system a month ahead of elections

  

  A jailed former executive at state-controlled oil giant Petrobras Paulo Roberto Costa has reportedly implicated dozens of politicians from Brazil's leading political parties in a kickback scheme, a legal development that could shake up next month's general election.

• Wednesday, August 13th 2014 - 09:30 UTC

  Petrobras sells natural gas pipeline operations in Bolivia

  

  Brazil's Petrobras sold its stake in a Bolivian natural gas pipeline operator, continuing a string of asset sales aimed at generating cash for development of offshore oil fields at home. The Brazilian giant said it sold its 44.5% stake in Transierra to Bolivian state-owned YPFB for 106.7 million dollars.

• 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.