Tag: Petrobras

• Monday, April 19th 2021 - 21:41 UTC

  Brazil's GDP on track to better results than expected

  

  Brazil's Economic Activity Index (IBC-Br), released by the Central Bank and believed to be an omen of the country's Gross Domestic Product (GDP) rose 1.70% in February 2021, against January's figures, it was announced Monday.

• Sunday, February 28th 2021 - 10:35 UTC

  Bolsonaro argues state controlled companies should fulfill a social function

  

  Brazilian President Jair Bolsonaro said that the country’s state-controlled companies should fulfill a social function and any different understanding by their chief executives was unacceptable.

• Thursday, February 25th 2021 - 10:37 UTC

  Bolsonaro praises Economy minister Guedes trying to overcome the Petrobras controversy

  

  Brazilian President Jair Bolsonaro praised his Economy Minister Paulo Guedes as the “anchor” of his government, in an attempt to quash speculation of a deepening division between the two after Bolsonaro last week ousted Petrobras CEO triggering a plunge in markets.

• Wednesday, February 24th 2021 - 08:58 UTC

  Bolsonaro poised to ensure the removal of Petrobras CEO

  

  Brazilian president seems poised to win his controversial struggle over the removal of the country's giant oil and gas company Petrobras CEO, and replacement by a former Army general. In effect, Petrobras on Tuesday called an extraordinary shareholders' meeting, a move that all but guarantees the exit of CEO Roberto Castello Branco.

• Tuesday, February 23rd 2021 - 08:11 UTC

  Bolsonaro's arrogance plunges Bovespa index 4% and Petrobras shares 21%

  

  Brazil’s benchmark Bovespa index fell more than 4% Monday following President Jair Bolsonaro's decision last week to replace the chief executive of state oil company Petrobras. The company's shares plunged more than 21% on news that the government nominated an army general with no oil and gas industry experience as its new CEO.

• Monday, February 22nd 2021 - 08:10 UTC

  Fuel prices dispute, Petrobras CEO removal trigger fears of economic populism

  

  More changes are in the pipeline, announced Brazilian president Jair Bolsonaro, after replacing the CEO of the country's oil and gas giant Petrobras with a former general. The move had an immediate impact in markets given the confidence investors had in the removed University of Chicago educated economist, Roberto Castello Branco.

• Saturday, February 20th 2021 - 08:42 UTC

  Bolsonaro sacks Petrobras CEO over diesel prices dispute and truckers strike threat

  

  Brazilian President Jair Bolsonaro on Friday sacked a market-friendly economist as CEO of Petrobras and named a retired general to replace him, following on disputes over diesel prices that threatened a major teamsters stoppage.

• Tuesday, February 2nd 2021 - 08:54 UTC

  Petrobras strikes oil in the pre-salt Campos Basin offshore Rio de Janeiro

  

  Brazil's oil and gas giant Petrobras announced a hydrocarbon discovery in the pre-salt Campos Basin offshore Rio de Janeiro state, some 200 kilometers from the coast and at a depth of 2,950 meters.

• Tuesday, January 26th 2021 - 09:30 UTC

  Petrobras oil output hits record in 2020, 2,3 million bpd

  

  By Irina Slav for Oilprice.com – Crude oil output from fields operated by Brazil's energy major Petrobras hit a record last year despite the pandemic, at an average 2.3 million BPD, Bloomberg reported, comparing the production rate to that of Kuwait.

• Thursday, January 14th 2021 - 09:19 UTC

  Brazilian oil export record in 2020, average 1,4 million bpd

  

  Brazil established a new record for oil exports in 2020, with sales averaging 1,4 million bpd and a peak of 1,9 million bpd during the month of May, according to the Mines and Energy minister Bento Albuquerque. The minister also announced that on 7 January, Brazil's oil giant Petrobras reached a daily production record of 2,84 million barrels of oil, beating the previous mark set in 2015, with 2.79 million BOE/day.