Bolsonaro’s nominee to run Petrobras stresses need for “balance” in fuel pricing
Brazilian President Jair Bolsonaro’s nominee to lead state-run oil company Petrobras said on Saturday, February 29th, the company needs to...
February 20, 2021Topic
Pedro Parente
Brazil’s Petrobras Profits Soar US$2.7 Billion in Second Quarter
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - Brazil's beleagured state-run oil company Petrobras registered a surprising surge...
August 7, 2018
Brazil’s Petrobras CEO Resigns, Stock Price Drops 15 Percent
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Trying to ease uncertainty after the resignation of Petrobras...
June 2, 2018
Brazil’s Pre-Salt Responsible For Over Half of Oil Production
With the signing of another six pre-salt concession contracts officials expect production to increase even further in coming years.
February 1, 2018
Petrobras and Shell Lead Way in Brazil’s Pre-Salt Auction
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - Representatives from the oil industry’s heavyweights were in Rio de...
October 30, 2017
Petrobras of Brazil Decreases Gasoline Prices 2.3% and Diesel 5.8%
Gasoline prices will drop by 2.3 percent while diesel prices will be reduced by 5.8 percent which should lead to...
June 15, 2017
Brazil’s Petrobras Free to Sell Shares of Subsidiary
A Federal Court in Sergipe is allowing the oil giant to continue its divestment program, by permitting it to sell...
May 9, 2017
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, 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