End of Petrobras Quota Divides Outlook on Brazil Economy
Some say easing participation requirement will attract more foreign investors while others claim Brazil will be giving away its oil...
October 13, 2016Topic
Oil
Brazil’s BNDES to Prioritize Alternative Energy Sources
The state-owned financial institution also announced plans to stop financing thermal plants which run on coal and oil.
October 4, 2016
Brazil’s Petrobras Registers Best June Production in History
In 2015, despite surpassing its annual petroleum production target for the first time in thirteen years, Petrobras registered the largest...
July 12, 2016
Petrobras’ CEO Seeks to Recover Company’s Credibility
Pedro Parente promised to put the state-owned company’s interest above political interests to rebuild oil giant.
June 3, 2016
State of Rio de Janeiro Unable to Pay Pension Checks
The sharp decline in tax revenues and the decrease of oil prices in the international market are to blame for...
April 14, 2016 ANP Says Brazil Pre-Salt Production Increases Six Percent
The ANP in Brazil reports that the production of oil and gas in the pre-salt fields recorded an increase of...
April 5, 2016
Brazil’s Senate Approves Reducing Petrobras Requirements
Upper House approved bill ending requirement for Petrobras to participate in at least thirty percent of all pre-salt oil exploration...
February 26, 2016
Brazil’s Petrobras Reduces Investment Forecast by 25%
This is the second adjustment to the 2015-2019 business plan announced in June of 2015 by the oil giant.
January 13, 2016
Brazil’s Petrobras Divestment Program to Increase in 2016
CEO says state-controlled oil giant will have a smaller structure but be much more profitable than today.
December 16, 2015