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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. ... Associated Press. Jokic ...
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.
Petrobras sponsored the Brazilian Série A from 2009 to 2012. [80] Petrobras was a secondary sponsor for the AT&T Williams F1 Team from 1998 to 2008 and signed again with Williams F1 from 2014 onwards. [81] From 2018, Petrobras left Williams and sponsored McLaren, but cancelled their sponsorship at the end of 2019.
For many investors, President Jair Bolsonaro killed the dream of Brazil’s free-market renaissance with a Friday night Facebook post. In a curt public statement on Feb. 19, Bolsonaro canned the ...
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 ...
The Tupi oil field (reverted from Lula oil field) is a large oil field located in the Santos Basin, 250 kilometres (160 mi) off the coast of Rio de Janeiro, Brazil. [2] The field was originally nicknamed in honor of the Tupi people and later named after the mollusc, however it was also ambiguously similar to the name of former Brazilian president Luiz Inácio Lula da Silva.
Petrobras delayed reporting its annual financial results for 2014, and in April 2015 released "audited financial statements" showing $2.1 billion in bribes and a total of almost $17 billion in write-downs due to graft and overvalued assets, [49] which the company characterized as a "conservative" estimate.
Transpetro, Petrobras' logistics subsidiary, is considering projects to power its 48 terminals with renewable energy, according to Marcio Guimaraes, the director of ducts and terminals. A solar plant in São Paulo state , managed by Transpetro, will soon supply enough energy to cover all operations at the company's terminal in Guarulhos ...