Petrobras

Petrobras' pricing strategy avoids passing on market volatility: CEO

Last year, the firm ditched a more market-based pricing policy in favor of one that gave it more flexibility to smooth out price swings

India in discussion to raise oil imports from Brazil: Hardeep Singh Puri

India and Brazil deepen energy ties as Petrobras meets with the Union Minister of Petroleum and Natural Gas Hardeep Singh Puri in Brasilia

New Petrobras chief sworn in amid market fears of increased govt control

President Luiz Inácio Lula da Silva, who nominated Chambriard, attended the ceremony at a Petrobras research center in Rio de Janeiro

Petrobras CEO pushes offshore oil prospect as matter of national interest

In her first public comments since taking the company's helm on Friday, Chambriard said replenishing oil reserves was a priority for Petrobras

Petrobras loads diesel from RIL on crude tanker in India after delay

The larger shipments will likely ease downward pressure on an oversupplied Asian diesel market and create a price floor for the current market, the sources said

Petrobras in talks for projects with Gulf, Indian, Chinese firms, CEO says

"We have two groups of Asian countries that we're interacting very much right now and we're building relationships right now - Gulf countries, India and China," he said

WannaCry to SamSam: 5 biggest ransomware attacks you need to know about

Ransomware attacks have been taking place for a long time, but their frequency has increased in the last few years

ONGC Videsh to invest $1 billion in offshore block held by Petrobras

Brazil's Petroleo Brasileiro SA (Petrobras) owns a 75 per cent stake in the block and the rest 25 per cent is held by OVL, it will raise its stake in the block

IOCL signs pacts with Petrobras, Ecopetrol for crude oil supplies: Report

IOCL's pact with Petrobras was signed during petroleum secretary Pankaj Jain's visit to Brazil last week. Petrobras will supply 1.7 million tonnes per annum to IOCL

Brazil govt appoints Rodolfo Landim as chairman of Petrobras board

Brazil's government has appointed former Petrobras executive Rodolfo Landim to chair the state-controlled oil producer's board, the company said in a filing on Saturday night

Brazil's Petrobras ups investment plan to $68 bn, lowers output forecast

By 2026, Petrobras said it sees oil production of 2.6 million barrels per day.

Petrobras shares slump as Brazil's Bolsonaro doubles down on intervention

Shares in state electricity company Eletrobras also plunged on Monday after Bolsonaro said it would be the next sector in which the government would "stick its finger"

Petrobras CEO resisting pressure from Bolsonaro to resign: Report

Roberto Castello Branco was appointed CEO of Petroleo Brasileiro SA, as the state-controlled firm is known, when Bolsonaro took office at the start of 2019

India's Essar, Brazilian firms consider bid for Petrobras' refinery

Both Refap and Repar are located in Brazil's southern region and have a production capacity of 200,000 barrels per day each

Essar group places bid for Brazil's Petrobras refinery in Bahia: Report

In a recent note to clients, analysts from Bradesco BBI valued the RLAM refinery, based in the northeastern Brazilian state of Bahia, at $2.5 billion

US Justice Dept opens probe into Petrobras bribery case in Brazil

It was the first confirmation that U.S. investigators have joined a new phase of Brazil's "Car Wash" corruption probe

Petrobras to pay $2.95 bn to resolve investor class action over US scandal

The deal came just days after Brazil's securities regulator CVM formally accused eight former Petrobras executives of corruption

Brazil's Petrobras sells major pipeline subsidiary to Canada

Petrobras is undergoing a deep financial crisis due to low oil prices and the discovery of a massive corruption ring within its ranks

Parental guidance

New Petrobras boss is a step towards needed change

Dilutional

Petrobras may be swapping debt for bigger problems