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Petrobras’s $1.7 Billion Oil Drilling Eco Initiative
In a new development, Petrobras is launching a $1.7 billion project to reinject CO2 from oil extraction back underground.
This technology is making the drilling...
Petrobras Commits $100 Billion to Global Offshore Ventures
Brazil's Petrobras plans a $100 billion investment in offshore oil exploration and production, CEO Jean Paul Prates announced.
As Latin America's leading oil firm, it...
Brazil’s Petrobras Teams Up with Shell in African Waters
Petrobras, a leading Brazilian oil company, has partnered with Shell to commence oil exploration within São Tomé and Príncipe's Exclusive Economic Zone (EEZ).
The partnership...
Petrobras Sets New Production Record with 3.7% Boost in 2023
In the latest development, Petrobras saw its oil and natural gas output grow by 3.7% in 2023, reaching a new high.
The firm pumped out...
Brazil Boosts Shipbuilding for Petrobras Growth and Rio Economy
Brazil's President, Luiz Inácio Lula da Silva, recently pledged to boost the nation's naval industry.
He aims to support Petrobras, the top oil firm. Lula...
Petrobras Hits Record Market Value
Brazilian oil firm Petrobras reached a new valuation high of R$ 552 billion ($112 billion) due to strong growth and rising share prices.
PETR3 shares...
Ibovespa Starts February on a High Note, Fueled by Petrobras Surge
On February 1st, the Ibovespa index rebounded, rising 0.45% to 128,332.83 points. This uptick came after key monetary policy announcements in both Brazil and...
Brazil Split on Petrobras Privatization
In Brazil, the debate over privatizing Petrobras, the largest state-owned enterprise, mirrors the country's deep divide.
A recent PoderData survey, conducted from January 27 to...
Petrobras 2023: Record Oil and Gas Output
Petrobras, a top energy company, increased oil and gas production by 3.7% in 2023, averaging a daily output of 2.78 million barrels.
The increase stems...
Ibovespa Nears 129,000 Points Boosted by Vale and Petrobras
On Friday, January 26, Brazil's Ibovespa index witnessed a notable rise, driven primarily by Petrobras and Vale shares.
The index climbed 0.62%, reaching 128,967.32 points....
Ibovespa Rises with Petrobras Boost; Magazine Luiza Soars
On Thursday, buoyed by Petrobras shares climbing over 3% amid rising oil prices, the Ibovespa index closed with a 0.28% gain, reaching 128,168 points.
Vale...
Petrobras’ Credit Outlook: Stability Amidst Industry Challenges
Fitch Ratings recently reaffirmed Petrobras' 'BB' global and 'AAA' national credit ratings with a stable outlook.
This mirrors a similar action by S&P, who also...
Petrobras in Transition: Rethinking Asset Deals
Jean Paul Prates, Petrobras CEO, paused asset sales early on in his tenure, shifting focus to exploration and production.
This move altered the company's trajectory,...
Petrobras Resumes Equatorial Margin Oil Exploration after Conflict
Petrobras, the Brazilian state-owned oil company, has restarted drilling in Rio Grande do Norte, marking the resumption of oil and gas exploration in the...