Shareholders in Brazil's Petrobras voted on Monday to remove Roberto Castello Branco as CEO, and elected his government-picked successor to the board of directors, but discontent among some investors threatens to drag out the transition process…
Petroleo Brasileiro SA’s chief financial officer and three other top executives decided to leave the state-controlled producer after clashing with plans of the company’s incoming chief executive, a person close to the executives said.Topics…
A fifth board member at Brazil's Petrobras will step down, the company said as of Wednesday, and the state-run oil producer's shares tumbled more than 3% as management turmoil showed no signs of abating.A day earlier, four other board members stepped down at Petroleo Brasileiro SA…
The board of Brazilian state-run oil company Petrobras on Tuesday called an extraordinary shareholders' meeting, a move that all but guarantees the exit of Chief Executive Roberto Castello Branco.In a statement, Petroleo Brasileiro SA, as the company is officially known…
The chief executive of Brazil's state-led oil company Petrobras is trying to fight off President Jair Bolsonaro's bid to oust him over his insistence on raising gasoline prices in line with international market hikes, two sources with direct knowledge of the matter told Reuters on Friday…
Brazil's state-controlled oil company Petrobras received only one proposal, from Dutch SBM Offshore, in a bid to contract construction of the Mero 4 oil platform [FPSO] in the Santos Basin pre-salt, two sources with knowledge of the matter told Reuters…
The chief compliance officer at Brazil's Petrobras is planning to step down in March, four people familiar with the matter told Reuters, in what would be the third exit by the state-owned oil firm's top corruption buster in three years.Petroleo Brasileiro SA…
A consortium led by Singapore-based Keppel Shipyard Limited offered Brazil's Petrobras the lowest price to build a floating platform for Buzios, Latin America's second-largest oil field, three people close to the competition said.Keppel offered to build P-78…
Brazilian oil giant Petrobras has agreed to sell its share in Peroá Cluster to companies OP Energia and DBO Energia for up to $55 million.Petrobras will sell its interests in the mature gas fields Peroá and Cangoá, and in the concession BM-ES-21 containing the Malombe Discovery…
Three consortia including Asian shipyards are preparing to compete to build Brazil’s Petrobras’ first two in-house platforms in more than seven years, according to four people familiar with the tender who declined to be named as the information is private…
Brazilian oil company Petrobras has divested its stake in offshore drilling company Sete Brasil.The company on Wednesday transferred today to companies of Sete Brasil Group, for the symbolic total amount of 7 euros, the equity interest of 15%…
Brazilian oil giant Petrobras will concentrate its European commercial activities in Rotterdam. This will result in the transfer of Petrobras Europe Ltd.’s commercial activities from London, England to Petrobras Global Trading B.V. in Rotterdam…
Brazilian state-run oil company Petrobras said that it had received 232.6 million reais ($44.65 million) on Tuesday in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe.Petroleo Brasileiro SA…
Brazil's state-controlled oil company Petroleo Brasileiro SA cut its five-year investment plan by 27% from a year ago to $55 billion to preserve cash, as the coronavirus pandemic drove down global oil demand and prices.In a filing on Thursday…
Brazilian national oil company Petrobras has agreed to buy the P-71 Floating Production Storage and Offloading (FPSO) vessel and use it for the development of the Itapu field.Petrobras said that the FPSO was to be used at the Tupi field, however…
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