Post Tagged with: "Petrobras"

Source: Reuters

Petrobras CEO nods to price parity, deepwater investment in market-pleasing speech

Reuters


RIO DE JANEIRO – Joaquim Silva e Luna, the new chief executive of Brazil’s Petrobras, will look to respect the company’s current pricing policy and keep investing in deepwater assets, he said at his swearing-in ceremony on Monday.

The …

Source: Reuters

Exclusive: Brazil studies subsidizing domestic fuel with oil auction proceeds -source

Reuters


RIO DE JANEIRO – Brazil’s government is considering using some of the proceeds from an upcoming oil auction to create a fund that would protect domestic consumers from swings in fuel prices, a source with direct knowledge of the …

Source: Reuters

At Brazil’s Petrobras, a ‘Spartan’ military man takes the reins

Reuters


RIO DE JANEIRO – For many investors, the appointment of former army general Joaquim Silva e Luna as the new chief executive of Brazil’s state-run oil company Petrobras was unexpected – and unwelcome.

President Jair Bolsonaro announced the 71-year-old …

Source: Reuters

Petrobras top managers quit for clashing with incoming CEO’s plans – source

Reuters


RIO DE JANEIRO – Petroleo Brasileiro SA’s chief financial officer and three other top executives decided to leave the state-controlled producer after clashing with plans of the company’s incoming chief executive, a person close to the executives said.

Topics …

Source: Reuters

Exclusive: Incoming Petrobras CEO says he has no plans to push out executives

Reuters


RIO DE JANEIRO – Joaquim Silva e Luna, the incoming CEO of Brazil’s state-run oil company Petrobras, told Reuters that at least part of the executive board could stay on when he takes over in April, a signal that …

Source: Reuters

How a Petrobras sacking ended Bolsonaro’s free-market flirtation

Reuters


RIO DE JANEIRO – For many investors, President Jair Bolsonaro killed the dream of Brazil’s free-market renaissance with a Friday night Facebook post.

In a curt public statement on Feb. 19, Bolsonaro canned the head of state-run oil firm

Source: Reuters

Board of Petrobras approves shareholders’ meeting; end of the line for CEO

Reuters


RIO DE JANEIRO – The board of Brazilian state-run oil company Petrobras on Tuesday called an extraordinary shareholders’ meeting, a move that all but guarantees the exit of Chief Executive Roberto Castello Branco.

In a statement, Petroleo Brasileiro SA, …

Source: Reuters

Brazil’s Petrobras rebounds as board meets on succession

Reuters


SAO PAULO  – Brazilian state-run oil group Petrobras recovered some of its recent share price losses on Tuesday as the board met to consider Brazil President Jair Bolsonaro’s nomination of a retired general to replace the company’s market-friendly CEO.…

Source: Bloomberg

Petrobras’s $18 Billion Rout Deepens on Series of Downgrades

Bloomberg


A sell-off in Brazil’s state-controlled oil firm Petroleo Brasileiro SA picked up on Monday after a group of analysts downgraded the stock within 24 hours, following the government’s decision to replace the company’s chief executive officer.

Bradesco BBI, BTG …

February 22, 2021 - 1:00 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Exclusive: Talos, Enauta consortium places bid for Petrobras Albacora fields, sources say

Reuters


RIO DE JANEIRO – A consortium of Talos Energy Inc, private equity firm EIG Global Energy Partners, Enauta Participacoes SA and 3R Petroleum Oleo e Gas SA has submitted a non-binding offer for Brazilian oilfields Albacora and Albacora Leste, …

February 10, 2021 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Brazilian prosecutors sue Maersk, seek to freeze $200 million

Reuters


RIO DE JANEIRO -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.

The lawsuit …

Source: Reuters

Petrobras, Equinor stake out opposite renewables strategies in Brazil

Reuters


RIO DE JANEIRO  – Petrobras does not expect to invest in renewables over the next five years, Chief Executive Roberto Castello Branco said on Tuesday, adding that the Brazilian state-controlled company will instead put money into technologies to reduce …

Source: Reuters

Brazil’s Petrobras pays off $2 billion revolving credit line

Reuters


BRASILIA  – Brazilian state-controlled oil producer Petroleo Brasileiro S.A. PETR4.SA said on Monday that it has fully repaid the remaining $2 billion balance on its dollar-denominated revolving credit line, which will now allow it to access new facilities.

Petrobras …

September 28, 2020 - 1:30 pm Crude Oil News, Energy News, Finance
Source: Reuters

Brazil boosts oil exports to Asia as global rivals make record cuts

Reuters


RIO DE JANEIRO/MEXICO CITY  – Brazil increased crude exports to Asia in the first half of the year, stealing a slice of a coveted developing market from global rivals who made record cuts to shipments to match the unprecedented …

July 20, 2020 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Petrobras again delays Garoupa oilfield offer as faces new setbacks: sources

Reuters


RIO DE JANEIRO – Petrobras has delayed the submission of binding offers for an oilfield cluster known as Polo Garoupa for a fourth time, two sources with knowledge of the matter told Reuters, as investor appetite in Brazil’s offshore …

Source: Reuters

Brazil’s Petrobras says oil exports hit new record 1 million barrels a day in April

Reuters


BRASILIA – Brazilian state-owned oil giant Petrobras said on Monday it exported a record 1 million barrels of oil a day in April, beating the previous record of 771,000 barrels a day in December last year.

In a securities …

Source: Houston Chronicle

Chevron, Petrobras plan to sell deepwater Brazilian field

Houston Chronicle


Chevron and Brazil’s state oil company plan to sell their 100 percent ownership stake of a key deepwater field offshore of South America’s largest country as they both seek to sell assets to cut costs.

The deepwater Papa …

Source: Reuters

Petrobras to price its largest share offering in a decade on Feb. 5

Reuters


SAO PAULO (Reuters) – Brazil’s Petrobras will price its largest share offering in a decade on Feb. 5, it said in a securities filing on Wednesday, through which development bank BNDES will seek to divest part of its stake …

Petrobras to lease LNG operations in Bahia

Petrobras to lease LNG operations in Bahia

LNG World News


Brazil’s state-controlled oil and gas company Petrobras has started a process to lease its Bahia regasification LNG terminal and its integrated pipeline in northeast Brazil.

Petrobras to lease LNG operations in Bahia - oilandgas360

Petrobras said on Monday that the start of the terminal lease process …

December 10, 2019 - 12:41 pm Closing Bell Story‎, International, LNG, Natural Gas News
FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File Photo

Exclusive: Failed Exxon talks left Petrobras stranded for auctions – sources

Reuters


As the weeks ticked down to Brazil’s biggest-ever oil auction, state-run Petrobras held increasingly frantic talks to find potential partners, with the heaviest blow coming when major Exxon Mobil Corp (XOM.N) pulled out days before, according to …

Source: Reuters/Diego Nigro

Oil spill may be worst environmental ‘attack’ in Brazil’s history: Petrobras CEO

Source: Reuters


RIO DE JANEIRO (Reuters) – Oil slicks washing up on beaches along more than 2,000 kilometers (1,240 miles) of Brazil’s northeast coastline could be the worst environmental “attack” in the country’s history, the chief executive of state-run oil …

Source: Reuters

Big Oil seeks refuge in Brazil from Latam regional turmoil

Source: Reuters


RIO DE JANEIRO/MEXICO CITY (Reuters) – When executives arrive in Rio de Janeiro this week for Brazil’s biennial Offshore Technology Conference, they will find themselves in Latin America’s most promising market for Big Oil by far. That marks …

Source: Reuters/Sergio Moraes

Investors cheer falling production costs at Brazil’s Petrobras

Reuters


RIO DE JANEIRO (Reuters) – Investors cheered a significant cut in production costs at Brazil’s state-run oil firm Petrobras on Friday, sending shares in the company soaring 4% in morning trade, their biggest intraday gain in more than a …

Source: petrobras.com.br

Brazil’s BR Distribuidora to create energy, natural gas and ethanol trading cos

Reuters


SAO PAULO (Reuters) – Brazilian fuel distributor Petrobras Distribuidora SA is considering creating energy trading units as it seeks to reposition itself after its privatization last July, Brazilian newspaper Valor Economico reported on Thursday.

 

The company is considering …

Source: Reuters

Explainer: Translating TOR – How Brazil’s $26 billion oil rights auction works

Source: Reuters


RIO DE JANEIRO (Reuters) – Brazil’s Senate passed the main text of a bill late on Tuesday defining the distribution of proceeds from a blockbuster auction of oil prospecting rights, a key milestone for the enormous offshore region …

October 16, 2019 - 12:45 pm Closing Bell Story‎, Energy News, International, People
Brazil’s Petrobras Sells Off $320 Million Hedge Position as Crude Falls

Brazil’s Petrobras Sells Off $320 Million Hedge Position as Crude Falls

From Reuters


Brazil’s Petroleo Brasileiro SA sold its entire oil hedge position amid a sharp fall in crude prices, the company said in a filing on Wednesday night, saying it has eliminated uncertainties regarding its cash flow thanks in part …

Petrobras Offering of Fuel Unit Prices at 24.50 Reais Per Share: Sources

Petrobras Offering of Fuel Unit Prices at 24.50 Reais Per Share: Sources

From Reuters


Brazilian state-run oil company Petroleo Brasileiro SA has relinquished control of the country’s biggest fuel distributor in a share offering, pushing ahead with a privatization drive under new Chief Executive Roberto Castello Branco.

The offering of Petrobras Distribuidora …

Source: Vantage Drilling

Petrobras to Privatize Brazil’s Top Gas Seller in $2 Billion Share Sale

From Reuters


Brazilian state-run oil company Petroleo Brasileiro SA is set to relinquish control of the country’s biggest fuel distributor in a share offering due to be priced late on Tuesday, pushing ahead with a privatization drive under new Chief …

Source: SBM Offshore

Petrobras Gets New Offshore Partner

FPSO Mero 2 expected to produce 180,000 BOPD
SBM Offshore N.V., a holding company headquartered in Amsterdam, signed a letter of intent this week with Petróleo Brasileiro S.A. (Petrobras) for a 22.5-year lease to operate its floating production storage and

Source: Vantage Drilling

$728-Million Award for Vantage Drilling Upheld by U.S. District Court

Petrobras motion to vacate is struck down
By Tyler Losier

This Monday, Vantage Drilling International (stock ticker: VTGGF) announced in a press release that U.S District Court Judge Alfred H. Bennett of the Southern District of Texas had granted a

May 20, 2019 - 5:14 pm Closing Bell Story‎, Law, Oil and Gas 360 Articles