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Tag: Petrobras

SÃO PAULO, BRAZIL – The enormous buildup surrounding this week’s petroleum field auctions in Brazil flopped, as no major oil company came forward to bid for the November 6th and 7th blocs, located along the Brazilian coastline. Headlines across...
SÃO PAULO, BRAZIL – In little over a week, Brazil’s government will hold two auctions for oil and gas exploration and production areas, most of them located in deepwater pre-salt areas. According to experts, the auctions on November 6th...
SÃO PAULO, BRAZIL – Brazil’s oil giant, Petrobras, announced last week its new strategy of focusing on oil and gas production, doing away with its distribution and transportation subsidiaries and its fertilizer sub-division, as well as concentrating its operations...
By Richard Mann, Contributing Reporter RIO DE JANEIRO, BRAZIL - Justice Edson Fachin, of the Federal Supreme Court (STF), suspended the sale of Transportadora Associada de Gás (TAG), a subsidiary of Petrobras, Brazil's national oil and gas giant. TAG is involved...
By Richard Mann, Contributing Reporter RIO DE JANEIRO, BRAZIL - Last week, during coffee with journalists, Brazilian President Jair Bolsonaro reaffirmed that he relied on the proceeds from fines paid by Petrobras to offset the announced controversial cut in education. In...
By Contributing Reporter RIO DE JANEIRO, BRAZIL - Oil production in Brazil grew 2.8 percent from February to March, according to the monthly bulletin of the National Agency of Petroleum, Natural Gas and Biofuels (ANP). In total, 2.56 million barrels of...
By Newsfeed/Bloomberg RIO DE JANEIRO, BRAZIL - One of Brazil’s best-performing hedge funds has been scooping up the shares of state-controlled oil giant Petrobras. Joao Braga and Marcos Peixoto, who manage US$1.3 (R$5) billion at XP Asset Management, have increased their...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Petrobras CEO Roberto Castello Branco announced an increase of R$0.10 per liter of diesel at refineries. The 4.84 percent increase is lower than the 5.7 percent the company announced and...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Petrobras announced that it is not renewing sponsorship contracts for thirteen large cultural projects around the country. According to Petrobras, the budget for sponsoring the arts is smaller due to the...

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