Tags Oil

Tag: Oil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The government of Brazil is hailing last week’s oil field exploration auction as a sign that foreign and Brazilian investors alike are regaining confidence in the country and its economy,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After two years of pessimistic outlooks for one of Brazil’s largest companies, investors are starting to regain some confidence in the country’s oil giant, Petrobras. Earlier this week the company...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s oil giant, Petrobras, announced on Monday (December 5th) night, it was increasing the prices of gasoline and diesel at its refineries. The increase, scheduled to take effect on Tuesday,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s oil giant, Petrobras, announced on Wednesday (November 17th) that its Board of Directors has approved the sale of its subsidiary, Liquigás Distribuidora S.A., to Brazil's Ultragaz S.A. for the...
By Nelson Belen, Contributing Reporter RIO DE JANIERO, BRAZIL - Earlier this week, Brazil oil giant, Petrobras, and the French oil and gas company, Total, signed a strategic partnership agreement setting the framework for segments of gas and energy exploration...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The U.S. dollar depreciated against the Brazilian real for the fourth day in a row on Thursday, below R$3.20/US$1 and at its lowest value in more than two months. The...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The recent vote by Brazil’s Chamber of Deputies to ease a requirement that states that Petrobras must participate in all pre-salt oil explorations in the country has rendered applause and...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Social and Economic Bank (BNDES) announced on Monday (October 3rd) its plan to expand the financial institution’s support for solar projects, increasing financing from seventy percent to up to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian oil giant, Petrobras, registered the best June on record for the production of oil and natural gas, totaling 2.9 million barrels per day, according to the state-controlled company....
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Petrobras’ new president, Pedro Parente, said on Thursday, June 2nd, during his swearing in ceremony that to improve the company's performance, the oil giant needs to restore its credibility and...
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