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1-10 results from 527 for query «petrobras»

December 5, 2018 5:50 PM Petrobras unveils plan to boost asset sales, deepwater investment

SAO PAULO/RIO DE JANEIRO (Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA (PETR4.SA) plans to raise some $26.9 billion via asset sales and partnerships by 2023 while boosting investments on the front edge of an anticipated production boom in Brazil. Petrobras intends to make $84.1 billion in investments from 2019 to 2023, above the $74.5 billion 87

November 19, 2018 7:16 PM Petrobras should focus on oil exploration and production: incoming CEO

RIO DE JANEIRO (Reuters) - The incoming chief executive of Brazilian state-controlled oil company Petroleo Brasileiro SA (PETR4.SA) said in a newspaper interview on Monday that BR Distribuidora (BRDT3.SA), its fuel distribution unit, is not a natural fit for the company and does not generate returns. Roberto Castello Branco told newspaper O Estado de S Paulo 79

October 13, 2018 5:33 PM Bolsonaro adviser favors selling Eletrobras generation assets

SAO PAULO (Reuters) - The top economic adviser to Brazilian far-right presidential front-runner Jair Bolsonaro said he favors selling off some of the power generation assets of utility company Centrais Eletricas Brasileiras S.A., raising new contradictions in the candidate’s policy team. Shares of the company, known as Eletrobras, soared following the clear 71

October 10, 2018 9:46 PM Exclusive: Brazil's Bolsonaro would not sell Petrobras in short term

RIO DE JANEIRO (Reuters) - The far-right front-runner in Brazil’s presidential election, Jair Bolsonaro, has no plans to privatize oil company Petroleo Brasileiro SA (PETR4.SA) in the short term if elected, the president of his party told Reuters on Wednesday. Gustavo Bebianno said the sale of Petrobras, Brazil’s largest corporation, could still be considered 82

September 27, 2018 7:14 PM Petrobras to Pay $853.2 Million to Settle Corruption Probes in U.S., Brazil

Payments stem from involvement in scandal that has rocked Brazilian politics and business Brazilian oil company Petrobras has agreed to an $853.2 million settlement with U.S. and Brazilian authorities to end yearslong investigations tied to one of the biggest corruption schemes ever uncovered. Petróleo Brasileiro SA, as the company is formally known 59

May 25, 2018 2:28 AM Brazil Reaches a Pact in Truck Strike, but Big Union Rejects It

Walkout over diesel-fuel prices disrupts weak economic recovery; Petrobras shares take a hit SÃO PAULO—Brazil’s government said Thursday evening it had reached an agreement with several truckers unions to suspend a four-day strike that has disrupted the economy and left many businesses without vital supplies, but one of the country’s biggest drivers 48

April 4, 2018 4:23 AM For Sale: Apartment Once Owned by Former Brazilian President Convicted of Bribery

Four-bedroom property in resort city is on the block at a reserve price of $659,000 GUARUJÁ, Brazil—Apartment 164-A in the beachfront Solaris building here is an underwhelming property with an overwhelming role in Brazil’s modern political history. The four-bedroom apartment was given to former Brazilian President Luiz Inácio Lula da Silva by a construction 58

March 15, 2018 7:59 PM Brazil’s Petrobras Posts Loss Following Settlement Charges

The state-controlled oil company said it spent $3.4 billion to settle a class-action suit in the U.S. SÃO PAULO—Brazil’s Petróleo Brasileiro SA, or Petrobras, said Thursday it lost money last year as the state-controlled oil company continues to suffer from the side effects of the Car Wash corruption scandal. Rio de Janeiro-based Petrobras reported a net loss of 446 million 47

February 20, 2018 8:34 PM McLaren signs fuel deal with Brazil's state-run Petrobras

McLaren signs fuel deal with Brazil's state-run Petrobras The McLaren Formula One team and Brazil's state-run oil giant Petrobras have announced a technical partnership to develop fuel and lubricants. Petrobras sponsored the Williams team until the end of 2016, but left the sport amid a series of massive graft scandals at home. Spokesmen for the team and the company 24

January 3, 2018 2:55 PM Petrobras to Pay $2.95 Billion to Settle U.S. Suit Over Corruption

‘Car Wash’ settlement would likely rank as fifth-largest on record for securities class-action suits by some estimates RIO DE JANEIRO—Brazilian state-run oil company Petróleo Brasileiro SA said Wednesday that it would pay one of the highest-value settlements in history to end a class-action lawsuit by U.S. investors who had sought to recoup corruption-related 52