Petrobras' Next CEO Already Working Inside Company
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…
Petrobras CEO Parente Resigns
Petroleo Brasileiro SA's chief executive quit on Friday in a surprise move that wiped $12 billion off the state-controlled oil producer's market valuation, after Brazil's government responded…
Oil Workers Strike at Petrobras
The FUP oil workers union in Brazil said on Wednesday that workers joined the call for a nationwide strike on at least 20 oil rigs in lucrative Campos basin, along with several other areas…
Petrobras, BP Reinforce Partnership
Petrobras chief executive officer, Pedro Parente, and BP chief executive officer, Robert Dudley, signed a Memorandum of Understanding (MOU) to complement and reaffirm the commitments contained in the Letter of Intent (LOI)…
Petrobras to Reach Net Debt Goal This Year-CEO
Brazil's state-controlled oil company Petroleo Brasileiro should at a minimum reach a net debt goal of 2.5 times earnings before interest, tax, depreciation and amortization this year,…
Petrobras in the Red
Petrobras posted a R$446 million loss in 2017, but continued to improve its operating results, and it was the smallest loss in the last four years. The company would have made net earnings of R$7.089 billion…
Petrobras Chief: U.S. Refinery Sale Ongoing
Brazil's Petrobras is continuing with its efforts to sell a Pasadena, Texas oil refinery and has no plans to build another plant, the company's chief executive said on Monday. Pedro Parente…
Petrobras CEO Sees Few Board Changes This Year
Brazilian state-controlled oil company Petroleo Brasileiro SA's board of directors should change little this year, Chief Executive Officer Pedro Parente said on Monday, amid meetings with…
Petrobras Making 'Interesting Discoveries' in Campos Basin -CEO
Brazil's state-controlled oil company Petroleo Brasileiro SA is making 'interesting discoveries' in blocs at the Campos basin, off the Rio de Janeiro coast, where it is drilling deeper to reach the pre-salt layer…
Petrobras Portfolio has $47 bln in Potential Divestments
Brazil's state-controlled oil company Petroleo Brasileiro SA has a portfolio of potential divestments worth $47 billion, Chief Executive Pedro Parente said on Thursday. Petrobras' operating…
Statoil Acquires 25% Stake in Brazil's Roncador
Statoil ASA and Petróleo Brasileiro S.A. (Petrobras) have agreed that Statoil will acquire a 25 percent interest in Roncador, a large oil field in the Campos Basin in Brazil. The transaction…
Statoil to Pay Up to $2.9 Bln to Triple Brazilian Output
Norway's Statoil will triple its output off the coast of Brazil after agreeing to buy a 25 percent stake in Roncador, one of the country's largest oilfields, from national oil company Petrobras for up to $2.9 billion.
Petrobras CEO: Brazilian Court to Examine Statoil Contract
A transaction between Statoil and Petrobras that could be worth up to $2.9 billion will likely be scrutinised by Brazil's Federal Court of Accounts (TCU), the CEO of Petrobras said on Monday.
Petrobras to Revise CapEx Plan Next Week
Brazil's state-run oil company Petróleo Brasileiro SA will announce a revision to its investment plan by Wednesday or Thursday of next week, Chief Executive Officer Pedro Parente said on Friday.
Petrobras in Talks with CNPC to Build Refinery
Petroleo Brasileiro is in talks with China National Petroleum Corp. to complete construction of a refinery in Rio de Janeiro state, Pedro Parente, CEO of Brazil's state-controlled oil company, said on Tuesday.
Petrobras Oil Auction Strategy Drawn Up
Petróelo Brasileiro SA has drawn up a strategy to participate in Brazil's three upcoming oil auctions this year, as a declining debt burden has increased the state-controlled oil producer's firepower…
Shell, Petrobras Expand Deep Water Partnership
Two of the world’s largest energy companies, Royal Dutch Shell and Petrobras, signed last week in The Hague, Netherlands, a Memorandum of Understanding (MoU) to establish a long-term mutual…
Petrobras Hikes Fuel Prices after Harvey
Brazil's state-controlled oil company Petroleo Brasileiro SA has hiked gasoline and diesel prices twice for September to match price spikes in U.S. prices caused by Hurricane Harvey. The storm roared into Texas…
Petrobras CEO: Pre-salt Oil Extraction Costs $8 Per Barrel
Oil extraction in Brazil's promising pre-salt offshore wells costs about $8 per barrel, Petroleo Brasileiro SA Chief Executive Officer Pedro Parente said at an event on Tuesday. Parente…
Petrobras Denies Brazil Govt Meddling in LPG Pricing Move
The Brazilian government is not meddling in pricing decisions by state-controlled oil producer Petróleo Brasileiro SA, which on Wednesday kept cooking gas out of a pricing system based on international parity.
