Brazil oil auction fails to achieve the $26 billion target
Petrobras acquired 90% of the Buzios oil field, China’s CNOOC and CNODC acquired the other 10%...
Tag : Petrobras
Petrobras awards $5.4 bn service contracts to Malaysia’s Yinson
The contracts awarded by Petrobras are for a period of 25 years starting from the date of acceptance...
Petrobras primary focus on oil and gas: Vision statement
The vision statement reveals Petrobras’ aim to be the best energy company in terms of generating value for shareholders...
Petrobras privatisation attracts oil giants Aramco and PetroChina
The privatisation of eight Petrobras’ refineries could raise around $18 bn...
Brazil privatisation: postal service, Santos port operator to be sold
The government plans to privatise nine state-owned companies to raise $323 bn...
Brazil liberalisation to unlock natural gas value chain
The decision is aimed at stimulating demand from the power sector and at lowering the domestic price of the fuel...
Mubadala expected to submit bid for Petrobras LPG assets
The Brazilian oil firm expects to raise between $630 mn and $755 mn from the assets sale...
Petrobras cuts spending by more than 30% for 2019
Brazilian oil giant Petrobras has announced that it will cut spending by more than 30 percent. The company now plans to spend $10 billion-$11 billion in 2019 as it makes adjustments to the way it accounts for field unitisation, adapts to a weaker exchange rate against the dollar and delays drilling activities. The oil refiner...
Brazil takes a $27 billion hit
That’s the cost of the Petrobras scandal to the world’s seventh largest economy Kamilia Lahrichi April 8, 2015: The Petrobras oil scandal, which sparked massive protests across Brazil against the government’s corruption and the economic slowdown, has cost $27.1 billion to the GDP of the world’s seventh largest economy, according to an April 2015 study...
Brazil’s President Rousseff stays in power
State interventionism wins over free market Kamilia Lahrichi October 27, 2014: Left-leaning president Dilma Rousseff won the election in recession-hit Brazil on October 26 after one of the most dramatic electoral campaigns. The country’ first female president turfed out the centrist contender Aécio Neves with about 52% of the vote against 48% for her rival...