Tag: Petrobras

• Monday, February 24th 2020 - 06:33 UTC

  Petrobras record profit for 2019, basically on divesting and asset sales

  

  Brazil’s state-run oil firm Petrobras reported last week a record net profit for 2019, thanks to asset sales under its strategy to divest non-core operations and focus on the deepwater pre-salt region offshore Brazil.

• Thursday, February 20th 2020 - 18:10 UTC

  Oil workers on strike against Petrobras privatization plans

  

  Brazilian oil workers and oil giant Petrobras were locked in a power struggle over the company’s privatization plans, with the union saying thousands of employees are on an indefinite strike.

• Friday, February 7th 2020 - 09:35 UTC

  Brazil's development bank BNDES sells shares in Petrobras

  

  Brazil's development bank BNDES sold US$5.2 billion in common shares it owned in state-controlled oil company Petrobras. The company priced the offering at 30 Reais per common share, a discount of 1.57% relative to Wednesday's closing price. BNDES sold 22 billion reais in shares.

• Friday, January 31st 2020 - 08:45 UTC

  Petrobras asks Sao Paulo stock exchange to withdraw it from good governance certification

  

  Brazilian state-run oil firm Petrobras said it has asked to withdraw its participation in a program certifying good governance and limited political interference in state companies set up by the Sao Paulo stock exchange.

• Tuesday, January 28th 2020 - 08:09 UTC

  Brazil willing to discuss with OPEC, but not prepared to join the cartel

  

  Brazil has decided to stay out of OPEC for the time being as it seeks to expand its oil production, according to media reports quoting energy minister Bento Albuquerque. “The idea is just to increase our production and to participate more in the international oil and gas market,” Albuquerque said in an interview.

• Thursday, December 12th 2019 - 15:01 UTC

  Petrobras awards long-term FPSO contract to Dutch operators SBM Offshore

  

  The Dutch company SBM Offshore has been awarded a much-coveted long-term FPSO contract by Petrobras, it was announced Wednesday.

• Saturday, November 23rd 2019 - 09:33 UTC

  Swiss investigation helps expose corruption network involving Vitol, Trafigura and Petrobras

  

  Swiss investigators have executed search warrants at addresses linked to Vitol and Trafigura, their counterparts in Brazil said on Thursday, as a sprawling probe into the global commodity trading industry intensifies.

• Friday, November 15th 2019 - 09:40 UTC

  First shipment of Vaca Muerta shale LNG to Brazil

  

  Argentine oil company YPF SA has sold its first commercial liquefied natural gas (LNG) cargo to Brazilian state energy firm Petrobras, according to media reports in Buenos Aires.

• Thursday, November 7th 2019 - 09:43 UTC

  Brazil's oil fields auction falls well short of expectations: US$ 17bn instead of US$ 26bn targeted

  

  Brazil's auction of drilling rights to four deep-sea oil fields raised a disappointing US$17 billion on Wednesday, officials said, well short of expectations for the highly-anticipated mega sale.

• Wednesday, October 30th 2019 - 09:23 UTC

  Oil spills on Brazil's northeast beaches, “the worst environmental attack”

  

  Oil spills washing up on beaches along more than 2,000 kilometers of Brazil’s northeast coastline could be the worst environmental “attack” in the country’s history, the CEO of Petrobras said on Tuesday.