Airlines urge Brazil, Petrobras to lower jet fuel prices
By Gabriel Araujo SAO PAULO (Reuters) – Airline lobby group IATA has urged the Brazilian government and state-run oil company Petrobras to tweak the way …
petrobras
Brazil to join OPEC+ but won’t cap oil output, Petrobras CEO says
By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not …
Petrobras decision on extra dividend should be made near year-end, says CFO
RIO DE JANEIRO (Reuters) – The board of Brazilian state-run oil giant Petrobras should decide whether or not extra dividends will be paid out near …
Brazil’s Petrobras walks back 4 divestment processes after review
SAO PAULO (Reuters) – Brazilian state-run oil company Petrobras said on Monday it has decided to halt some key asset sales after concluding a broad …
Exclusive-Brazil’s Petrobras plans China subsidiary in push to boost ties, CEO says
By Marta Nogueira RIO DE JANEIRO (Reuters) – Petrobras plans to create a Chinese subsidiary, Chief Executive Jean Paul Prates told Reuters, as Brazil’s state-run …
Protesters oppose Petrobras oil exploration plan at mouth of Amazon river
BELEM, Brazil (Reuters) – Environmental demonstrators protested on Sunday against plans by Brazilian state-run oil company Petrobras to drill for oil at the mouth of …
Brazil’s Petrobras to cut natural gas prices by 11.1%
SAO PAULO (Reuters) – Brazilian state-run oil company Petrobras will cut natural gas prices by an average 11.1% starting Feb. 1, it said on Tuesday …
Brazil’s Petrobras names interim head after CEO departs
SAO PAULO (Reuters) -Brazilian state-run oil company Petrobras said on Wednesday its board of directors had approved the early departure of chief executive officer Caio …
Next Petrobras CEO says he will change company’s fuel price policy
BRASILIA (Reuters) – The incoming chief executive of Brazil’s state-run oil company Petrobras said on Friday he planned to tweak the country’s fuel price policy, …
Lula to announce Petrobras, Banco do Brasil, Caixa CEOs on Friday -Haddad
BRASILIA (Reuters) -Brazil’s President-elect Luiz Inacio Lula da Silva will announce the new chief executives of state-run oil company Petrobras, state-controlled lender Banco do Brasil …
Brazil’s Petrobras reaches deal with regulator on govt stake in oilfield
SAO PAULO (Reuters) – Brazilian state-run oil company Petrobras has reached a deal with oil regulator ANP to pay 780 million reais ($146.38 million) regarding …
Lula to start job interviews for Petrobras overhaul, sources say
By Sabrina Valle (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva begins interviews this week with candidates to run oil firm Petrobras, people familiar …
Europe-listed Brazil stocks, Petrobras slip after Lula election win
LONDON (Reuters) – German-listed shares in Brazil’s state-run oil company Petrobras slipped more than 7% in early European trade after leftist leader Luiz Inacio Lula …
Petrobras taps Brazil Treasury official for executive post, sources say
By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Brazilian Treasury official Esteves Colnago has been tapped for a position on the executive board of …
Sembcorp secures $3 billion shipbuilding contract from Brazil’s Petrobras
(Reuters) -Singapore’s Sembcorp Marine said on Wednesday its unit secured a $3.1 billion contract to build a vessel from Brazilian oil and gas producer Petroleo …
Petrobras to release new strategic plan in November, director says
By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Petrobras is set to present its new strategic plan for the coming years in November, an …
Petrobras moves closer to fertilizer plant sale
SAO PAULO (Reuters) – Brazil’s Petrobras said on Monday it had started the binding phase of selling its fertilizer project UFN-III, inviting potential buyers to …
Petrobras to cut aviation gas prices by 15.7% in September
SAO PAULO (Reuters) – Brazil’s Petrobras said on Monday it will cut aviation gasoline prices for distributors by 15.7% starting Sept. 1. The move marks …
Brazil’s Petrobras elects new CEO as fuel price pressures mount
By Rodrigo Viga Gaier and Rafaella Barros RIO DE JANEIRO – The board of directors of Brazil’s Petrobras elected Caio Paes de Andrade as its …
Brazil’s Petrobras in talks to freeze fuel prices for 45 days -sources
RIO DE JANEIRO – Petrobras’ board of directors held discussions Friday over freezing fuel prices for 45 days, according to three sources with knowledge of …
Petrobras shares drop following CEO ouster, fuel price woes
By Gabriel Araujo, Lisandra Paraguassu and Gram Slattery SAO PAULO – Shares of Brazil’s state-run oil company Petrobras plunged on Tuesday after the government ousted …
Exclusive-U.S. asked Brazil’s Petrobras if it could raise oil output; it said no -sources
By Gabriel Stargardter, Gram Slattery and Rodrigo Viga Gaier RIO DE JANEIRO – U.S. government officials in March asked Brazil’s state-run oil company Petrobras whether …
Brazil’s Petrobras posts $9 billion profit as Bolsonaro rails against company
By Gram Slattery and Roberto Samora RIO DE JANEIRO – Brazil’s Petrobras posted a first-quarter net income that beat forecasts on Thursday, just minutes after …
Brazil’s Petrobras starts binding phase for sale of MP Gulf of Mexico stake
(Reuters) – Brazil’s Petrobras on Monday started the binding phase to sell its subsidiary 20% stake in Texas-based MP Gulf of Mexico LLC, which owns …
Brazil’s Petrobras elects Jose Mauro Coelho as CEO
SAO PAULO – Brazilian state-run oil company Petrobras said on Thursday its board of directors has elected Jose Mauro Coelho as the firm’s chief executive …
Brazil picks technocrat to lead Petrobras after succession plan mess
By Gram Slattery and Gabriel Araujo RIO DE JANEIRO – After two messy, drama-filled weeks struggling to fill the top job at state-run oil company …
Brazil’s Petrobras CEO appointee may face conflict of interest probe
RIO DE JANEIRO – The prosecutor’s office at Brazil’s federal audit court (TCU) has asked the court to open an investigation into President Jair Bolsonaro’s …
Petrobras, PetroRio advance in Albacora Leste talks; twin field trickier, sources say
By Gram Slattery RIO DE JANEIRO – Brazilian oil company PetroRio SA is close to agreeing on terms to purchase the Albacora Leste field from …
Brazil’s Petrobras loses $400 million court case to Paragon Offshore
SAO PAULO – Brazil’s Petrobras said on Thursday that a Rio de Janeiro state court has ruled against the state-run oil company in a case …
Outgoing CEO Luna says Petrobras has no place for ‘adventurers’
(Reuters) – Petrobras has a strong governance and there is no room for “adventurers” within the firm, said outgoing Chief Executive Joaquim Silva e Luna …
Pro-market consultant emerges as unlikely new Petrobras CEO
By Gram Slattery and Gabriel Araujo RIO DE JANEIRO – Brazilian President Jair Bolsonaro has made little secret in recent weeks of his ire at …
Brazil’s Bolsonaro hints at potential replacement of Petrobras CEO
– There is a possibility of replacing Petrobras’ chief executive, Brazil’s President Jair Bolsonaro said on Wednesday, adding further pressure to the state-run oil company’s …
Brazil’s Supreme Court annuls billion-dollar labor dispute against Petrobras
– Brazil’s Supreme Court annulled on Monday a previous court decision that would have required state-run oil company Petrobras to pay billions of dollar in …