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Brazil's state-run oil company Petrobras hopes to boost the crude processing capacity of its newest refinery 62 percent to as much as 120,000 barrels per day (bpd) in the second half of this year, the company's refining chief said Wednesday. Petroleo Brasileiro SA plans to start testing higher processing levels at the Abreu e Lima,... Continue Reading →
Two workers died at a construction project at a Brazilian oil terminal operated by state-run Petrobras on Tuesday, adding to a string of fatal and life-threatening accidents, a union representing oil workers said in a statement. A FUP affiliate known as SindipetroNF also said on Tuesday that there was a fire on the P-53 offshore... Continue Reading →
Eight companies were invited to consider the purchase of up to 49% of Gaspetro, the distribution company that holds the natural gas assets of Petrobras, but the dispute should be between Japan's Mitsui and China's Beijing Gas. It is still early to say, but Mitsui has been identified by the market as the most interested in these... Continue Reading →
Petrobras - Arbitration of Parque das Baleias’ Field 07/06/2015 Rio de Janeiro, July 6th, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that the Arbitration Court has issued on July 2, 2015, injunction in relation to arbitration proposed by Petrobras, which discusses the resolution of the National Agency of Petroleum, Natural Gas and Biofuels -... Continue Reading →
India's Videocon Industries Ltd plans to invest $2.5 billion in oil and gas ventures in Brazil over the next two to three years, the consumer electronics-to-energy group's chief said, as part of its strategy to boost the business. Read More
State-controlled oil producer Petróleo Brasileiro SA could sell a stake in Brazil's Braskem SA and build provisions against tax debts nearing 40 billion reais ($12.7 billion) to reduce costs and make finances sustainable, Valor Econômico newspaper said on Monday. Read More
Brazil’s congress is likely to pass a landmark bill that could ease financial pressure on state-controlled oil company Petrobras by opening the country’s biggest offshore oil discoveries to greater foreign and private investment. See attached FT Article - petrobras offshore bill FT
Petrobras - Business & Management Plan Conference Transcript Get information on the 2015-2019 Business and Management Plan. Access the Press Conference presentation and the Press Release below. Conference Transcript Transcricao-PNG-2015-2019-Petrobras-Imprensa-Ingles
Petrobras - 2nd Quarter 2015 Results Release Date 07/02/2015 Rio de Janeiro, July 2nd, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 2nd Quarter 2015 results on August 6th, 2015, after the market is closed. Therefore, from July 23rd to August 6th, the Company will be in quiet period, during... Continue Reading →
Petrobras corruption losses may be larger than estimated, prosecutor says 7/2/2015, 3:13 PM (Source: Seeking Alpha) back Petroleo Bras...+2.08% 8.83 Brazilian prosecutors say Petrobras’ (PBR +2.4%) official estimates for losses it has suffered from the corruption scandal are too low, which Financial Times says may mean the company will need to adjust its 2014 financial... Continue Reading →
