Petrobras
Seatrium bags S$11 billion in FPSO contracts from Petrobras
Construction will commence in the first quarter of 2025, with final delivery expected in 2029
Brazilian president dismisses Petrobras chief; US-listed shares tumble
THE chief executive of Brazilian state-run oil company Petrobras offered to step down on Tuesday, the company said, sending shares sliding as investors braced for the possibility of more political int...
Brazil judge suspends Petrobras chair over conflict of interest
A BRAZILIAN judge has suspended the chair of state oil firm Petrobras’ board, Pietro Sampaio Mendes, over a conflict of interest regarding his role in the Ministry of Energy, according to a court deci...
Decision on Petrobras CEO job is up to Brazil's president, says energy minister
Brazil’s energy minister Alexandre Silveira said on Tuesday (Apr 9) that he respects Petrobras’ chief executive Jean Paul Prates, and that any decision regarding the CEO is to be made by Brazil’s Pres...
Trafigura pleads guilty, agrees to pay about US$127 million to settle US probe
COMMODITY trader Trafigura has agreed to pay about US$127 million to resolve a probe into bribes paid to Brazilian officials to secure oil contracts, the US Department of Justice and the firm said on ...
Brazil's Petrobras plans to 'revitalise' company with US$102 billion investment
Brazil’s state-run oil company Petrobras laid out its 2024-2028 strategic plan on Friday (Nov 24), seeking to “revitalise” the firm and start the process of energy transition, CEO Jean Paul Prates sai...
Petrobras expects to fall short of government gas-price target
Petroleo Brasileiro officials expect to fall short of the government’s goals to slash natural-gas prices by 40 per cent because of the high cost of extraction in ultra-deep waters, according to people...
Petrobras switches from asset seller to buyer as debt slumps
Buoyed by the response to its first bond issue in two years, Petroleo Brasileiro (Petrobras) is considering issuing more debt this year and is poised to buy assets after spending most of the past deca...
Stern warnings to Keppel O&M ex-staff signal they are not completely off the hook: Parliament
THE stern warnings issued by Singapore authorities to six former senior management staff of Keppel Offshore & Marine (Keppel O&M) for bribery offences related to Brazil’s Petrobras contracts signal th...
Petrobras investors tank shares as Lula makes populist strategy shift
BRAZILIAN President Luiz Inacio Lula da Silva has pledged to steer the state-controlled oil giant Petroleo Brasileiro (Petrobras) in a more populist direction, and investors are not happy.
