Petrobras to Sell Eight Refineries
Brazil's state-controlled oil company Petrobras said on Friday its board had approved a plan to sell eight refineries in Brazil,...
April 28, 2019Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
Brazil’s Guedes Says Bolsonaro Open to Petrobras Privatization
Brazil’s government is not currently considering privatizing state-run oil producer Petroleo Brasileiro SA, but President Jair Bolsonaro has shown openness...
April 27, 2019
Petrobras Sells 50 Percent Equity in Brazil Deepwater Assets to Malaysia’s Petronas
Brazil’s state-run oil company Petroleo Brasileiro said on Thursday it had closed a US$1.29 billion deal with Malaysia’s Petronas to...
April 26, 2019Bolsonaro Voices ‘Sympathy’ Toward Petrobras Privatization
Brazilian President Jair Bolsonaro said on Thursday that he had "initial sympathy" toward the idea of privatizing state-run oil company...
April 19, 2019
Brazil’s Petrobras Announces 4.84 Percent Increase in Diesel Fuel Prices
Petrobras CEO Roberto Castello Branco announced Wednesday night an increase of R$0.10 per liter of diesel at refineries.
April 18, 2019
Brazil Gains From Sanctions on Venezuela
Xiu Ying, Contributing Reporter RIO DE JANEIRO, BRAZIL - The U.S. sanctions on Venezuela's oil industry have tightened the global...
April 16, 2019
Petrobras’s Natural Gas Monopoly Could Soon Be Over
Bento Albuquerque (Ministry of Mines and Energy) has announced that the federal government will open the natural gas market to...
April 14, 2019
Bolsonaro to Auction Offshore Oil Fields Despite Env. Warnings
The administration of President Jair Bolsonaro plans to auction seven offshore oil fields in the northeast despite contrary advice from...
April 14, 2019
Brazil’s Petrobras Sees Shares Plummet After Price Hike Cancellation
Oil giant, Petrobras, saw its shares plummet on Friday after the company announced it was cancelling a 5.7 percent diesel...
April 13, 2019