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Petrobras shares tumbled on Wednesday on news of the CEO swap, as investors balked at the prospect of more intense capital spending that may mean sacrificing the generous dividends of recent years.
The head of Brazil’s state-run oil giant Petrobras, Magda Chambriard, was sworn in Wednesday amid market concerns of increased government intervention in the company. President Luiz Inácio Lula ...
A Connecticut oil and gas trader was convicted on Thursday over a nearly eight-year scheme to bribe officials at Brazil's state-owned oil company Petrobras so two Connecticut trading companies ...
Petrobras announced that it was investing R$21 billion over five years to improve its data security. [48] In 2014, the company sold its assets in Peru to PetroChina for US$2.6 billion. [49] Also in 2014, Petrobras set a new company record for average daily production of 2.863 million barrels of oil equivalent (17,520,000 GJ). [50]
Jean Paul Terra Prates (born 19 June 1968) is a Brazilian lawyer, economist, environmentalist, entrepreneur, union leader and politician from the Workers' Party.He was Minority Leader of the Federal Senate from 4 February 2021 [2] until 26 January 2023 when he resigned from the Senate to become CEO of Petrobras.
Investigations by the Brazilian Navy and Petrobras found chemical links with Venezuelan oil, but that does not necessarily mean Venezuela is responsible. [10] The Venezuelan government denied responsibility for the disaster and said that their country's only oil company, the state-run PDVSA , had not received any reports from clients or ...
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This is a list of presidents of the Brazilian petroleum company Petróleo Brasileiro S.A. (Petrobras). [1] Presidents of the company are appointed by the Federal Government, represented by the President of Brazil. The Federal Government is the main shareholder and the name of the president must be approved by the common shareholders assembly ...