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...Energy and mines minister Alexandre Silveira denied there had been intrusion at either Vale or Petrobras....
...Overall, Petrobras plans to spend $7.5bn on exploration over the next five years drilling 50 wells, mostly in Brazilian waters....
...Petrobras did not immediately respond to a request for comment....
...After refusing a drilling request, Brazil’s environmental agency is considering an appeal filed by Petrobras....
...But her mission faces obstacles even within the leftwing administration, notably from the energy ministry and state-controlled Petrobras, which are both hoping to harness new giant offshore fields to increase...
...“It is very important for Petrobras and for Brazil.”...
...Petrobras will now base prices on either alternative supply costs for the customer, or the “marginal value” for the business. However, it did not reveal an exact formula....
...“Petrobras does not subsidise anything,” he said....
...I interviewed Petrobras chief executive Jean Paul Prates this week about his $100bn plan to prepare the Brazilian energy giant for the “fade-out” of oil....
...Starting in 2014, the Car Wash probe revealed a vast kickbacks-for-contracts scheme involving executives at state-controlled energy group Petrobras, a cartel of construction companies and dozens of lawmakers...
...Petrobras also publishes annual results after the markets close in Brazil Economic data: New applications for unemployment aid for the week ended March 2 are published later and Mexico’s national statistics...
...Under Lula, its state-controlled oil major Petrobras is investing to boost refinery capacity....
...If Novonor agrees to sell its Braskem stake, Petrobras has the right of first refusal....
...Excluding oil major Petrobras and miner Vale, Brazilian equities are trading on a 12-month forward price-to-earnings multiple of 10 times, below the historical average of 12.3 times, according to BTG Pactual...
...Petrobras has appealed against the decision....
...Brazilian oil producer Petrobras paid $9.6bn less year-on-year, the biggest dividend cut in the world for the second quarter in a row....
...The investigation revealed a vast kickbacks-for-contracts scheme involving executives at state-controlled energy group Petrobras, a cartel of construction companies and dozens of lawmakers from across the...
...Energy: Petrobras intends to be one of the last remaining oil producers on the planet, the Brazilian energy company’s chief executive told the Financial Times as he outlined a $100bn-plus investment plan...
...New price guidelines would be formulated by a “government consortium”, including ministries and Petrobras, he added....
...As the controlling shareholder in Petrobras, with a 37 per cent equity stake and a majority of voting rights, the Brazilian state can effectively appoint its boss....
...As the controlling shareholder in Petrobras, with a 37 per cent equity stake and a majority of voting rights, the Brazilian state can de facto appoint its boss....
...“The Brazilian government and [state-controlled energy company] Petrobras must stop the country’s colossal expansion of oil and gas,” argues Martin Dietrich Brauch, a researcher at the Columbia Center on...
...The slow pace of oil companies’ transition to clean energy — encapsulated by the head of Brazil’s Petrobras who told the FT his business intended to be one of the last remaining producers on the planet —...
...Finance minister Fernando Haddad was in New York in September looking for investment in green energy, but state-controlled oil group Petrobras has pledged to invest more than 80 per cent of its $78bn of...
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