Tag: oil companies

Brazil's state-owned oil company Petrobras, the largest in Latin America, will pay dividends for the second quarter, at least double those paid by the world's largest oil producers, filling Brazilian coffers at a tense time before elections. The five largest...
RIO DE JANEIRO, BRAZIL - Friday (26) was marked by a generalized drop in global stock markets due to the detection of Omicron, a new Covid-19 strain, which raised concern among authorities worldwide. However, airlines, tourism and oil companies were...
RIO DE JANEIRO, BRAZIL - (Reuters) Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production. Such limitations on supply would push prices to multi-year...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Chamber of Deputies in Brazil rejected on Wednesday (December 13th) an amendment passed by the country’s Senate on Tuesday and upheld a bill that guarantees tax breaks to the...
By Maria Lopez Conde, Contributing Reporter RIO DE JANEIRO, BRAZIL – Macaé, located 180 km north of the city of Rio, today is a city transformed. Since the discovery of enormous oil and gas deposits in the Campos Basin in...
By Leo Byrne, Contributing Reporter RIO DE JANEIRO, BRAZIL - The economic fallout from Congress’ divisive decision to overturn the presidential veto on the redistribution of oil royalties continued this week as the main oil producing states reviewed their budgets...
By Sarah de Sainte Croix, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – At the end of last month TNK-Brasil (a Brazilian subsidiary of the Anglo-Russian oil company TNK-BP) signed a farm-in agreement with the Brazilian independent oil company HRT...
By Bruno De Nicola, Contributing Reporter RIO DE JANEIRO - Spain's oil giant, Repsol, announced last week the discovery of a new offshore oil well in the BM-S-48 Block of the pre-salt area, around 257 kilometers off the São Paulo...

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