Petrobras Backs Down on Price Increase
Hours after posting the increase in diesel fuel prices on its website, Brazil’s oil giant, Petrobras, reversed its decision, stating...
April 12, 2019Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
Brazil Government to pay Petrobras USD 9 billion for Oil Contract Revision
The Brazilian government reached a landmark deal to pay state-controlled oil company Petróleo Brasileiro SA US$ 9.058 billion for revising...
April 10, 2019
Swiss Attorney General Refunds Millions to Brazil
Crimefighters in Switzerland and Brazil pledged to intensify cooperation to resolve the sprawling corruption case linked to Brazilian state oil...
April 10, 2019
Oil Giant Petrobras Was Most Profitable Company in Brazil in 2018
Petrobras was the most profitable company in 2018, with a reported profit of R$25.8 billion, according to a survey conducted...
April 4, 2019
Brazil’s Petrobras Registers Positive Results After Four Years of Losses
After four years registering losses, Brazil’s oil giant, Petrobras, announced the company registered a net income of R$25.8 billion in...
February 28, 2019
Brazil’s Oil Production Falls in 2018 While Natural Gas Production Increases
Oil production in Brazil fell by one percent last year, compared to the results obtained in 2017, despite having grown...
February 5, 2019
Brazil’s Petrobras Sells Pasadena Refinery to Chevron
Petrobras America Inc. (PAI), a Petrobras subsidiary, signed a purchase and sale agreement on Wednesday with Chevron USA Inc. for...
January 31, 2019
Brazil’s Petrobras Confirms Divestment Plans, Announces Board
Brazil’s oil giant, Petrobras, has announced will resume its divestment program following the decision of Supreme Court Chief Justice, Jose...
January 15, 2019
New Petrobras CEO Promises Free Market Fuel Prices in Brazil
The increase in competition in the oil sector will benefit Brazilian consumers, said the new president of Petrobras, Roberto Castello...
January 4, 2019