Brazil’s Petrobras Registers Loss of R$14.8 Billion in 2016
Despite negative result, reduction of company's debt decreased by 22 percent last year and Q4 registered a net income.
March 22, 2017Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
Brazil’s Courts Authorize Petrobras to Sell Assets
With the aggressive divestment program, the company hopes for US$21 billion in revenues by 2018.
March 16, 2017
Brazil’s Petrobras Settles Four Individual Lawsuits in the U.S.
Company estimates the total cost of settlements paid in 2016 to be approximately US$372 million.
March 1, 2017
Brazil Campaigns for Foreign Investments in Oil Refining
The 'Fuel Brazil' initiative wants to create private-public partnerships in state-owned refineries and attract new private refineries to the country.
February 21, 2017
Brazil’s Petrobras Defends Invitation of Over 30 Foreign Companies
According to the oil giant, Brazil’s largest engineering companies are barred from bidding on petrochemical complex due to involvement in...
January 24, 2017
Investors More Optimistic About Brazil’s Petrobras in 2017
In addition to US$4 billion secured in new bonds, company received US$5 billion financing from China Development Bank and finalized...
January 11, 2017
Petrobras of Brazil Closes US$2.2 Billion Deal With Total
The agreement calls for selling participation in two pre-salt oil areas, 50 percent of two thermal plants and shared use...
December 22, 2016
Brazil’s Petrobras Announces Hikes in Fuel Prices
The increases in gasoline and diesel prices are part of Petrobras' new fuel price policy to maintain international price parity...
December 6, 2016
Brazil’s Petrobras Recovers R$204 Million from Lava Jato
The company's CEO hopes to obtain a total of R$5.5 billion back from kickbacks and bribes taken by former company...
November 21, 2016