Tag: Petrobras

Saturday, December 12th 2020 - 08:45 UTC
Brazilian federal prosecutors file lawsuit against Maersk for alleged corruption involving Petrobras

Federal prosecutors in Brazil filed a civil lawsuit against Danish shipping company Maersk and former executives representing the firm for alleged corruption involving shipping contracts with state-run oil firm Petrobras, they said on Friday.
Tuesday, November 17th 2020 - 09:34 UTC
Brazil is emerging as the world's leading offshore oil producer

By Matthew Smith for Oilprice.com – Sharply weaker oil prices, the COVID-19 pandemic, and heightened geopolitical uncertainty have done little to blunt Brazil’s epic offshore oil boom. By September 2020 Brazil had soared to be the third-largest supplier of crude oil to China, the world’s second-largest economy.
Monday, November 9th 2020 - 09:21 UTC
Petrobras expects increased production from the pre-salt offshore basin

By Tsvetana Paraskova for Oilprice.com – Because of the increased production at the prolific pre-salt offshore basin, Petrobras expects its oil and gas production this year to exceed earlier guidance, Brazil’s state oil firm said when it reported its production figures for Q3.
Thursday, October 29th 2020 - 08:28 UTC
Petrobras cutting losses as Brazilian economy and fuel demand are increasing

Brazil's state-run oil giant Petrobras announced on Wednesday it reduced its losses in the third quarter of the year, the company's third negative result in a row due to the global economic meltdown caused by the coronavirus pandemic.
Friday, October 9th 2020 - 09:49 UTC
More investigations into Petrobras corruption, this time involving bunker fuel contracts

Brazilian police expanded the Car Wash corruption investigation to alleged kickbacks valued at US$ 8 million on contracts for bunker fuel bought by state-run oil company Petrobras for its fleet of tankers.
Tuesday, September 22nd 2020 - 08:34 UTC
Petrobras faces unexpected challenges in its attempt to sell refineries

Brazilian oil company Petrobras said on Monday it will open another round of bidding for its Repar refinery in the state of Parana after receiving binding offers that were too similar in value.
Friday, September 11th 2020 - 09:40 UTC
Brazilian prosecution investigating Petrobras forex transactions between 2008 and 2011

Brazil’s federal police were serving 25 search warrants as part of an investigation regarding foreign-exchange transactions done by oil company Petrobras between 2008 and 2011, according to a statement from federal prosecutors on Thursday.
Thursday, August 6th 2020 - 09:26 UTC
Brazil doubled oil exports during July

Brazilian oil exports more than doubled in July to 8.19 million tons, compared to 3.76 million tons shipped in July 2019, according to data released by the Foreign Trade Secretariat, Secex.
Thursday, August 6th 2020 - 08:01 UTC
Petrobras opens bidding notice for the lease of Regasification Terminal in Bahia

Brazil oil giant Petrobras released a bidding notice for the lease of the Bahia LNG regasification terminal (TR-BA) and its associated facilities. The bidding will be restricted to companies accepted in the prequalification call which will follow pre-established criteria.
Monday, July 20th 2020 - 09:29 UTC
Brazilian oil industry showing resilience to coronavirus pandemic despite fall in investment

By Matthew Smith for Oilprice.com – Before the outbreak of COVID-19 and the oil price war between Saudi Arabia and Russia, an oil boom of monumental proportions was underway in Brazil, Latin America’s largest economy. Economists and industry analysts as far back as 2018 were speculating that it would be the largest in Latin America’s history. There were even signs that Brazil’s burgeoning oil production could challenge OPEC’s wanning supremacy.