(Reuters) - The chief executive of Brazil's state oil company Petrobras (PETR4.SA) said on Thursday he expects to resume work on a major nitrogen fertilizer project in the city of Tres Lagoas, and hinted at new gas projects in Bolivia. Chief Executive Officer Jean Paul Prates predicted starting construction again at the project at an event in... Continue Reading →
Dear shareholders and investors, I am very proud to share with you the first quarterly results of Petrobras under our management. Since I became CEO, in January, I have been working so that Petrobras can become more efficient, financially healthy and inclusive, where people are the focus of decisions and the top priority. If today... Continue Reading →
(U) Brazilian oil giant Petrobras is preparing a pilot project for the capture and storage of industrial carbon dioxide emissions and is looking to build partnerships for a first full-scale CCS hub for the country. While international peers such as ExxonMobil, Chevron, BP and Equinor are already working toward industrial CCS projects in the US... Continue Reading →
(Reuters) - Brazil's desire for a faster change in Petrobras' fuel pricing policy (PETR4.SA) has caused friction between President Luiz Inacio Lula da Silva and the oil company's CEO, sources with knowledge of the matter told Reuters. Petrobras Chief Executive Jean Paul Prates, who took office in January after being appointed by Lula, has said several times... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its CEO, Jean Paul Prates, submitted to the Executive Board, which in turn, discussed and validated the following proposals, to be considered in the Strategic Planning, in compliance with current governance practices, the commitment to create value and the company's long-term financial sustainability: 1) Total attention to people,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in addition to the material facts disclosed on 02/02/2023 and 02/17/2023, informs that its Board of Directors elected as of 03/29/2023, with term of office until 04/13/2025, the following members to the Executive Board: Mr. Sergio Caetano Leite to the position of Chief Financial and Investor Relations Officer; Mr. Joelson... Continue Reading →
(Reuters) - The chief executive of Petrobras (PETR4.SA) said on Thursday the Brazilian state-run oil company will keep paying "robust" dividends in 2023 as it plans to continue reporting high profits. Jean Paul Prates, who has previously criticized the current dividend policy of the company, said in a video conference with analysts that a balanced formula for... Continue Reading →
(Reuters) The chief executive of Brazilian state-run oil company Petrobras said on Thursday the company must prepare for an "unavoidable" energy transition and wants to play a leading role in it. Jean Paul Prates highlighted in a conference call with analysts that Petroleo Brasileiro SA's deepwater operations put the company in a good position for wind... Continue Reading →
Petróleo Brasileiro S.A - Petrobras informs that its CEO Jean Paul Terra Prates has indicated 5 new members for the composition of the Executive Board: Trading and Logistics Executive Board, Mr. Claudio Schlosser; Production Development Executive Board, Mr. Carlos Travassos; Exploration and Production Executive Board, Mr. Joelson Falcão; Refining and Natural Gas Executive Board, Mr.... Continue Reading →
(Reuters) The new chief executive of Petrobras told employees the oil company will drive Brazil's transition to renewable energy, while keeping its oil and gas expansion on track. The first remarks by Jean Paul Prates as CEO, in a video to employees, mark a strategy shift for the state-run firm, which has spent the last... Continue Reading →
