Friday, January 18, 2019

Petroleo Brasileiro Sa News

​​​​Petrobras Wants to Operate 3 Blocks in 6th Pre-salt

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Brazil state-run oil firm Petroleo Brasileiro SA said on Monday it plans to exercise its preferential rights to operate three blocks in the next pre-salt deep water auction, due later this year, under…

Three Nominated to Petrobras Board

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Brazil's government on Monday nominated three new board members for state-owned oil company Petroleo Brasileiro SA (Petrobras), amid accusations that new CEO Roberto Castello Branco was pushing to oust board members.The nominees are Eduardo Bacellar

New Petrobras Chief Wants to Oust Board Members

Roberto Castello Branco (Photo: Petrobras)

The new chief executive of Brazil's Petroleo Brasileiro SA is pushing for the ouster of two of the state-controlled oil company's board members, three people with knowledge of the matter said on Friday.Roberto…

Petrobras Selling $803 Mln in Local Debt

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Petroleo Brasileiro SA is selling up to three series of local unsecured bonds to raise 3 billion reais ($803 million), the Brazilian state-run oil firm said in a securities filing on Tuesday.The debt will mature in 7 to 10 years…

A 'Chicago Boy' Takes the Reins at Petrobras

Roberto Castello Branco (Photo: Petrobras)

Depending on who you ask, Roberto Castello Branco, the new chief executive of Brazil's Petroleo Brasileiro SA, will either save the indebted oil major - or strip it to the bone.Tapped by far-right President Jair Bolsonaro…

Brazil Council Approves Sixth Round Pre-salt Auction

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The Brazilian energy advisory council on Monday approved the sixth-round auction for Brazil's coveted pre-salt offshore oil area to be held next year, the energy ministry said.The auction will include…

Attempted Oil Theft Leads to Spill

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At least 60,000 liters (377 barrels) of oil spilled into Rio de Janeiro's Guanabara Bay and a nearby river over the weekend after an attempted robbery on a pipeline, Petroleo Brasileiro SA's Transpetro unit said…

Petrobras' Next CEO Already Working Inside Company

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Petroleo Brasileiro SA's next CEO is already working within the Brazilian state-controlled oil firm and is talking with employees about business plans, four sources told Reuters.Roberto Castello Branco…

Revisions to Petrobras' Investment Plan Likely

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Brazil's right-wing President-elect Jair Bolsonaro is likely to revise the just-announced investment plans of state-controlled oil company Petroleo Brasileiro SA, newspaper O Estado de S.

Major Traders Bribed Petrobras Staff -Prosecutors

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Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA in return for business.The…

Execs of Big Oil Traders Knew of Petrobras Bribes

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Brazilian investigators said on Wednesday that "top executives" of trading giants Vitol , Trafigura and Glencore had full knowledge that their employees paid millions in bribes to executives of state-controlled…

Petrobras Refinery Halted After Fire

Brazil's state-run oil company Petroleo Brasileiro SA said on Tuesday it has halted operations at its Abreu and Lima refinery in Pernambuco state after a fire broke out there early in the morning.The fire, which occurred in a tower of the coking unit

Petrobras May Divest $15 Bln Over Next Few Years

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Brazil's state-controlled oil company Petroleo Brasileiro SA is considering divesting up to $15 billion within the next few years, one person with knowledge of the matter said on Thursday.The total divestment goal has not been approved yet and is bei

Incoming Petrobras CEO: No Decision Yet on Future Pre-salt Auctions

No decision has yet been taken on the types of contract to be offered in Brazil's pre-salt deep water oil auctions, the incoming head of Petroleo Brasileiro SA said on Thursday, adding that fuel price policy is still being discussed.(Reporting by Mat

Castello Branco Named Petrobras CEO

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Brazil's incoming far-right government on Monday tapped a University of Chicago-trained economist with experience in the oil sector to be the chief executive of state-controlled Petroleo Brasileiro SA…

Petrobras Resubmits Agreement with CNPC

State-controlled oil company Petroleo Brasileiro SA said in a document resubmitted on Tuesday to Brazil's securities regulator it has signed an agreement with China National Petroleum Corp to study the economic viability of completing construction of

Petrobras Starts Production at P-75 Platform

(Photo: Petrobras)

The P-75 floating production, storage, and offloading unit (FPSO) has begun producing oil and natural gas in the Búzios 2 area of the pre-salt Santos Basin, Brazil's state-run Petroleo Brasileiro SA (Petrobras)…

Brazil Regulator Approves Diesel Subsidy Payment to Petrobras

Brazilian oil regulator ANP said on Thursday it has approved a diesel subsidy payment to state-run oil company Petroleo Brasileiro SA of 1.04 billion reais ($277 million).ANP also said in a statement that it had denied diesel subsidy payments to Petr

Petrobras CEO Not Expected to Stay On

Brazil's right-wing President-elect Jair Bolsonaro said on Wednesday that the chief executive of state-controlled oil company Petroleo Brasileiro SA, Ivan Monteiro, is not expected to stay on during the new administration.Speaking to reporters…

Petrobras Earnings Miss Forecasts

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Brazil's Petroleo Brasileiro SA on Tuesday reported a surge in third-quarter net profit that still lagged forecasts as oil prices rose but spending at the state-owned company jumped.Petrobras made a net profit of 6.644 billion reais ($1.78 billion)…