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Tag: Pedro Parente

RIO DE JANEIRO, BRAZIL - Brazilian President Jair Bolsonaro’s nominee to lead state-run oil company Petrobras said on Saturday, February 29th, the company needs to find “balance” in fuel pricing, considering the impact on shareholders, investors, sellers and consumers. Joaquim...
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - Brazil's beleagured state-run oil company Petrobras registered a surprising surge in their latest earnings report on Friday, August 3rd, with net second quarter income soaring to US$2.68 billion (R$10.072 billion),...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Trying to ease uncertainty after the resignation of Petrobras president Pedro Parente on Friday morning, Brazilian President, Michel Temer, announced Parente’s successor and stated that the government will not...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – As Brazilian officials celebrated extremely positive pre-salt production, President Michel Temer signed on Wednesday concession contracts for another six pre-salt areas auctioned in October of 2017, raising expectations that production...
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - Representatives from the oil industry’s heavyweights were in Rio de Janeiro on Friday, October 27th, as Brazil held its much-anticipated auction of eight blocks in the highly sought-after pre-salt region....
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The state-owned oil giant of Brazil, Petrobras, announced on late on Wednesday (June 14th) a reduction of gasoline and diesel prices at its refineries. Gasoline prices will be reduced by...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A Federal Court in Sergipe, Brazil announced on Monday it was dismissing a legal action intended to suspend Petrobras’ sale of its shares in one of its subsidiaries, BR Distribuidora,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The oil giant of Brazil, Petrobras, registered a net income during the fourth quarter of 2016, despite registering a loss for the overall year, according to company officials. The results,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s oil giant, Petrobras, announced that it signed a Master Agreement with the French petroleum company Total, in connection with a Strategic Alliance Accord signed in October. In the agreement,...

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