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Petróleo Brasileiro S.A. - Petrobras, further to the Announcements to the Market of January 29th 2020, May 27th 2021 and July 26th 2023, hereby informs that the District Court of Rotterdam ("Court") today handed down a favorable judgment on its main arguments in the collective action filed by the Stichting Petrobras Compensation Foundation ("Foundation") against... Continue Reading →
(Reuters) - Brazil's Petrobras is discussing a partnership with Vale to help the mining company lower carbon emissions, the state-run oil firm's Chief Executive Magda Chambriard said on Monday. WHY IT'S IMPORTANT The two Brazilian companies are among the largest in Latin America by market value. Chambriard said the firms will "help each other" decarbonize, with a... Continue Reading →
(Reuters) - Brazilian state-run oil firm Petrobras (PETR4.SA), opens new tab has been able to provide Brazilians with price stability despite market volatility caused by an escalation of the conflict in Middle East, its top executive said on Thursday. In an interview with Reuters, CEO Magda Chambriard said Petrobras' commercial strategy allows it "to offer competitive prices... Continue Reading →
(Reuters) Brazil's state-run oil firm Petrobras will do what it can to reduce the reinjection of natural gas into oil wells, Chief Executive Magda Chambriard said on Wednesday. The government published a decree on Monday authorizing the oil regulator ANP to order oil companies to reduce the reinjection to increase the supply of gas and... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras has appointed a new "super manager," Wagner Victer, tasked with boosting capital expenditure, to meet demands from Brazil's President Luiz Inacio Lula da Silva, sources said. Lula considers Petrobras an engine for job creation and development, but the company has faced hurdles to invest in the past year... Continue Reading →
(Reuters) - The chief executive of Brazilian oil giant Petrobras (PETR4.SA), opens new tab, Madga Chambriard, said the country's president asked her to work toward boosting the nation's economy while maintaining profitability at the oil firm. Chambriard, who took over as the state-run company's top executive after President Luiz Inacio Lula da Silva fired the former CEO in... Continue Reading →
(Bloomberg) -- Brazilian oil giant Petrobras agreed to pay 19.8 billion reais ($3.49 billion) in back taxes to the federal government at a time when President Luiz Inacio Lula da Silva is seeking increased revenue to help balance the budget. The settlement, approved by the state-controlled driller’s board on Monday, is the first major decision... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its CEO, Magda Chambriard, has appointed 3 new members to the Executive Office: - Engineering, Technology and Innovation Executive Office, Ms. Renata Baruzzi; - Exploration and Production Executive Office, Ms. Sylvia dos Anjos; - Financial and Investor Relations Executive Office, Mr. Fernando Melgarejo; The nominations will be submitted... Continue Reading →
(Reuters) - The chief executive of Brazilian state-run oil company Petrobras (PETR4.SA), opens new tab, Magda Chambriard, is expected to announce the firm's new management team later on Friday, newspaper O Globo reported. Current executive officers Clarice Coppetti, Mauricio Tolmasquim, Claudio Schlosser and Mario Spinelli would retain their positions under Chambriard, who was appointed last month... Continue Reading →
(Reuters) - Brazil's Finance Minister Fernando Haddad said there is no reason to worry about state oil major Petrobras after a recent leadership change that caused the company's shares to plummet. In an interview with French newspaper Le Monde published on Wednesday, Haddad said the appointment last week of Magda Chambriard as the company's CEO... Continue Reading →
Brazil Energy Insight 