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The President of Petrobras, José Mauro Ferreira Coelho, said that the state company is studying investing in offshore wind energy. “We are studying an alternative to capture offshore wind energy in deep and ultra-deep waters in a long-term project”, highlighted the executive at the Global Carbon Market Congress, held in Rio de Janeiro. “In 2020... Continue Reading →
(Reuters) - Brazil's newly appointed Mines and Energy Minister Adolfo Sachsida will face resistance at Petrobras (PETR4.SA) if he pushes to remove import costs from the state-run oil company's fuel price calculations, according to people familiar with the matter. Sachsida has supported the move as a way to ease pressure on consumer prices amid a surge in... Continue Reading →
(Reuters) - Executives at Petrobras said on Friday the Brazilian state-run oil firm would stick to market-oriented fuel pricing policies, after President Jair Bolsonaro criticized the company for making billions in profits while Brazilians felt pain at the pump. Chief Executive José Mauro Coelho said the company would plow ahead with its refinery divestment program,... Continue Reading →
(Reuters) Brazil's Petrobras posted a first-quarter net income that beat forecasts on Thursday, just minutes after Brazilian President Jair Bolsonaro railed against the state-run oil company's profitability, saying its executives had no sympathy for ordinary people. In a securities filing, Petroleo Brasileiro, as the company is formally known, posted a quarterly net income of 44.56... Continue Reading →
Rio de Janeiro, May 05, 2022 - Once again we delivered solid quarterly results. “These financial results are due to the fact that today we have a healthy Petrobras, which has reduced its debt burden, invests responsibly and operates efficiently. Therefore, it is possible to generate this compelling return to our shareholders, especially the Brazilian... Continue Reading →
(Reuters) - Brazil's President Jair Bolsonaro has understood that Petrobras (PETR4.SA) must pass on global oil price rises to the local fuel market, the state-run company's chief executive was quoted as saying in an interview with newspaper O Estado de S. Paulo. This is a topic that ultimately helped bring down CEO Jose Mauro Coelho's two predecessors,... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) on Thursday formally elected Jose Mauro Coelho as its chief executive for a one-year term, ending weeks of turmoil in which the government struggled to fill the top position. Coelho, a government technocrat, pledged to maintain the company's current pricing policy, a controversial topic that ultimately helped bring down... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Annual General Meeting, held on 04/13/2022, exclusively under the digital format, analyzed and approved, by majority vote, the following: ANNUAL GENERAL MEETING I. Assessing the Management’s accounts, examining, discussing and voting on the Management’s Report and the Company’s Financial Statements, with the report from the independent auditors... Continue Reading →
(Reuters) - Shareholders in Brazil's Petrobras will gather virtually this afternoon for a meeting expected to pave the way for government technocrat José Mauro Coelho to take the helm of the state-run oil company. After a dramatic weeks-long CEO search, the market hopes - and expects - the annual shareholders' meeting on Wednesday will be... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras following up on the release disclosed on 04/06/2022, informs that, as per the respective minutes already disclosed, the People Committee, in its role as Eligibility Committee (COPE/CELEG), which is responsible for advising shareholders on verifying the conformity of the nomination process for members of the Board of Directors of Petrobras,... Continue Reading →
Brazil Energy Insight 