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...The resource is now a cash gusher — both for the national coffers and outside investors in Petrobras, founded 70 years ago as Petróleo Brasileiro....
...Founded 70 years ago as Petróleo Brasileiro, the business is listed on the stock market but the government is its biggest shareholder....
...Petróleo Brasileiro, as the Rio de Janeiro-headquartered group is formally known, said on Tuesday that Caio Mário Paes de Andrade would join the incoming administration of the newly elected governor of São...
...Petróleo Brasileiro, as the Rio de Janeiro-headquartered group is formally known, on Tuesday said Caio Mário Paes de Andrade would join the incoming administration of the newly elected governor of São Paulo...
...After emerging from the scandal and financial turmoil of the previous decade, $76bn oil and gas giant Petróleo Brasileiro is leaner, more profitable — and a cash machine for its owners....
...The populist sentiment behind the phrase, which means “the oil is ours”, is never far from Petróleo Brasileiro, better known as Petrobras. Especially when fuel bills are on the rise....
...The company, whose full name is Petróleo Brasileiro, announced the spending plan for 2022 to 2026 this week, with an almost one-quarter increase compared to its previous budget of $55bn for the period starting...
...Although Latin America is home to some of the energy industry’s last fossil fuel holdouts, analysts agree that Pemex lags behind other regional national oil companies such as Brazil’s Petrobras and Colombia...
...Petróleo Brasileiro, as the group is formally known, was viewed as a test case for the pro-market reform agenda of economy minister Paulo Guedes, who has largely struggled to implement meaningful change...
...Latin America is home to some of the energy industry’s last fossil fuel holdouts, with groups such as Brazil’s Petrobras and Mexico’s Petróleos Mexicanos persisting with exploration rather than setting out...
...in a few weeks was quite extreme,” said Mr Huebler of an episode that saw Petrobras’ bond yields surge as high as 14.7 per cent....
...Contracts also brought a tax take for the government worth as much as nine out of every 10 barrels produced....
...The scope of the investigation dates as far back as 2007....
...Booming US labour market draws new jobseekers Corporate earnings Brazil’s Petroleo Brasileiro SA reports its second-quarter results, after a national crisis over diesel prices in May led to government...
...The Lava Jato (Car Wash) probe into bribes paid by Odebrecht and other companies to state-owned Petrobras has led to a 10-year prison sentence for former president Luis Inácio Lula da Silva as well as a...
...In December, Brazilian authorities unveiled criminal charges against 12 former and current executives and board members linked to an alleged bribery scheme at SBM and state oil firm Petroleo Brasileiro....
...* What is Petrobras? Formed in 1953 as Brazil’s national oil company, Petróleo Brasileiro is one of Latin America’s largest companies....
...Cheaper oil can act as a stimulus to global growth, by redistributing real incomes from producing countries to consumers, who are often seen as more likely to spend the gains they make....
...Credit Suisse, the investment bank, reckons Petrobras is leeching $8bn of cash a year....
...The company faces as much as $11.7bn of debt maturities in 2017, with only $6.5bn of cash on hand as of September 30 – before the latest bond – to pay debts....
...Brazil’s partially state-owned Petrobras is not included in Brazilian debt-to-GDP figures....
...Shareholders who has been summoned as a witness in Batista’s trial....
...Mauro Rodrigues da Cunha, who was elected to the board two years ago with the support of international institutional fund managers, announced his decision as one of Petrobras’ biggest contractors, OAS, filed...
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