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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...
...The recent passage of a constitutional amendment to simplify the country’s complex tax system was broadly welcomed as a step in the right direction, with S&P upgrading Brazil’s sovereign rating one notch...
...“The closing of the energy space to private investment puts more pressure on Pemex,” said Lisa Schineller, sovereign ratings managing director at S&P....
...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...
...Under Lula, its state-controlled oil major Petrobras is investing to boost refinery capacity....
...The head of Brazil’s Petrobras said his company intended to be one of the last remaining oil producers on the planet. Not that it’s all plain sailing in the renewables sector....
...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....
...Companies will have to assess the future of these sites, says Atul Arya, chief energy strategist at S&P Global Commodity Insights....
...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....
...Bolsonaro previously spoke of privatising Petrobras, though Lula’s manifesto called for its return as an “integrated energy company” with his party ambitious for it to play a leading role in the nation’s...
...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...
...What does this imply for the Brazilian stock market, a rare winner in 2022’s omni-puke?...
...Germany, February unemployment rate figures UK, Nationwide house price index Results: Abercrombie & Fitch FY, Atos FY, Juventus H1, Kohl’s Q4, Kuehne+Nagel FY, Liberty Media Q4, Lowe’s Q4, Persimmon FY, Petrobras...
...Today’s focus is on natural gas markets, where the fall in prices in Europe has wiped out 2022’s war-driven gains. Has the much-feared winter energy crisis been averted?...
...Take a break from the news From a new Vermeer exhibition at Amsterdam’s Rijksmuseum to Joni Mitchell’s first full solo show for 20 years, here are 2023’s hottest tickets from the worlds of art, music and...
...Given the Brazilian elections taking place this week, it is also worth mentioning that the country’s most valuable listed company, Petrobras, will give a production and sales update on Monday....
...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...
...Brazil’s presidential candidates offer competing visions for Petrobras, disagreeing on its degree of privatisation and its role in the clean energy transition....
...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...
...Revisiting Engine No. 1’s coup at ExxonMobil One year ago, little-known activist hedge fund Engine No. 1 stormed the gates of ExxonMobil to agitate for four seats on the board of the conservative oil supermajor...
...A: Brazil’s Petrobras This year a South African inquiry said that former president Jacob Zuma “readily opened the doors” of the Eskom state electricity monopoly to this trio of Indian-born brothers....
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