Posts filtered by tags: Petrobras[x]


 

Brazil's Petrobras says Caixa intends to sell stake in oil firm

Caixa Econômica Federal has informed Brazilian state-run oil firm Petroleo Brasileiro SA, known as Petrobras, that it intends to sell its stake in the oil firm, Petrobras said in a securities filing on Wednesday, citing a letter from Caixa.
Tags: Money, businessNews, Brazil, Petrobras, Petroleo Brasileiro SA, Caixa, Caixa Economica Federal


Brazil government pledges to keep hand off Petrobras

Petroleo Brasileiro SA's market-based diesel pricing policy remains unchanged and Brazil's president has no intention of meddling in Petrobras' internal affairs, high-ranking government officials said on Tuesday.
Tags: Money, businessNews, Brazil, Petrobras, Petroleo Brasileiro SA


Petrobras pricing policy unchanged, minister says

Petroleo Brasileiro SA's market-based diesel pricing policy remains unchanged, Brazil's mines and energy minister told reporters on Tuesday, despite a cancelled price hike on Friday that spooked investors.
Tags: Money, businessNews, Brazil, Petrobras, Petroleo Brasileiro SA


Brazil’s Economy Minister Says He Can ‘Fix’ Petrobras Situation

When asked about Bolsonaro’s meddling in state-controlled Petrobras’ pricing policy this week, Guedes said he’d get more information when he returns home from Washington, where he’s been attending the spring meetings of the International Monetary Fund. Petrobras shares plunged more than 8 percent on Friday after Bolsonaro called the energy producer’s Chief Executive Officer Roberto Castello Branco and ordered him to cancel a planned increase in diesel prices.
Tags: News, Washington, Brazil, Petrobras, Guedes, Bolsonaro, Roberto Castello Branco, International Monetary Fund Petrobras


Bolsonaro calls for 'fair' diesel prices, spooking Petrobras investors

Brazil's Petroleo Brasileiro SA canceled a diesel price hike on Friday as President Jair Bolsonaro called for "fair" prices out of concern for truckers, spooking investors wary of political interference at the state-run oil firm.
Tags: Money, businessNews, Brazil, Petrobras, Petroleo Brasileiro SA, Jair Bolsonaro, Bolsonaro


Exclusive: Brazil's Petrobras to sell other gas pipelines in wake of TAG deal's success - sources

State-run oil company Petroleo Brasileiro SA is preparing to sell three more gas pipelines after successfully selling its larger TAG unit to France's Engie for $8.6 billion, according to three sources with knowledge of the matter.
Tags: Money, France, businessNews, Brazil, Petrobras, Petroleo Brasileiro SA, Engie


Brazil government to pay Petrobras $9 bln for oil contract revision

The Brazilian government reached a landmark deal to pay state-controlled oil company Petróleo Brasileiro SA $9.058 billion for revising a transfer-of-rights oil contract, Energy Minister Bento Albuquerque said on Tuesday.
Tags: Money, businessNews, Brazil, Petrobras, Petroleo Brasileiro SA, Bento Albuquerque


Swiss say they returned $365M to Brazil in Petrobras probe

BERLIN (AP) — Swiss prosecutors say they have returned some 365 million francs ($365 million) to Brazil so far in funds seized during investigations related to Brazilian construction company Odebrecht and state-run oil giant Petrobras. Swiss attorney general Michael Lauber and Brazilian prosecutor general Raquel Dodge signed a declaration “reaffirming their commitment to continue and […]
Tags: Business, News, Berlin, Ap, Nation, Brazil, Petrobras, Michael Lauber, Odebrecht, Raquel Dodge


Swiss, Brazil intensify efforts to unravel Petrobras affair

Crimefighters in Switzerland and Brazil pledged to intensify cooperation to resolve the sprawling corruption case linked to state oil firm Petrobras in which around 700 million Swiss francs ($701 million) remain frozen in Switzerland. Switzerland has so far returned roughly 365 million Swiss francs ($365.6 million) to Brazil related to Petrobras and construction firm Odebrecht, the Swiss Office of the Attorney General (OAG) said on Tuesday, including 9 million francs in March.
Tags: Science, Switzerland, Brazil, Petrobras, Switzerland Switzerland


Engie-led consortium seals $8.6 billion purchase of Petrobras pipeline unit

A consortium led by French utility Engie has won a bid for Petrobras' TAG pipeline arm with an $8.6 billion offer, in a deal that boosts Engie's presence in a fast-growing sector and will help Petrobras cut its debts. Engie said on Monday its successful offer for a 90 percent stake in TAG was made by a consortium involving Engie and Canada's Caisse de Dépôt et Placement du Québec (CDPQ). Petrobras will keep a 10 percent stake in TAG.
Tags: Science, Canada, Petrobras, Engie


Engie, Caisse to Buy Petrobras Pipe Unit for $8.6 Billion

Engie and the Caisse prevailed after multiple rounds of bidding for the unit, known as TAG, beating out Macquarie Group Ltd. and a joint bid from EIG Global Energy Partners and Mubadala Development Co. It is the biggest-ever single asset sale for Petrobras, whose new chief executive officer has sought to speed divestitures that began years ago, when the state-run energy giant briefly became the world’s most indebted oil company. Engie has been selling oil and coal assets in recent years to fund...
Tags: News, Petrobras, Engie, Macquarie Group Ltd, EIG Global Energy Partners, Mubadala Development Co, Engie Caisse, Buy Petrobras Pipe Unit


Petrobras agrees to sell pipeline unit to Engie for $8.6 billion

SAO PAULO/RIO DE JANEIRO (Reuters) - A consortium led by France's Engie SA submitted the highest offer for a major gas pipeline unit owned by Brazil's Petroleo Brasileiro SA, the state-run oil firm said on Friday, as the company's biggest divestment draws to a close. In a filing, Petrobras, as the company is known, said the Engie consortium, which includes Canada's Caisse de Dépôt e Placement du Québec, presented an $8.6 billion bid for 90 percent of the TAG gas pipeline unit in northern and no...
Tags: Science, France, Canada, Brazil, Petrobras, Sao Paulo, Petroleo Brasileiro SA, Engie, RIO DE JANEIRO Reuters, EIG Global Energy Partners, Mubadala Investment Company, Engie SA


Engie bids $8.6 billion for Petrobras pipeline unit, topping competitors

A consortium led by France's Engie SA submitted the highest offer for a major gas pipeline unit owned by Brazil's Petroleo Brasileiro SA, the state-run oil firm said on Friday, as the company's biggest-ever divestment draws to a close.
Tags: Money, France, businessNews, Brazil, Petrobras, Petroleo Brasileiro SA, Engie SA


Brazil's Petrobras receives three final bids for gas pipeline unit: sources

Brazil's state-controlled oil company Petroleo Brasileiro SA received three bids for gas pipeline network TAG, four sources with knowledge of the matter said on Tuesday.
Tags: Money, businessNews, Brazil, Petrobras, Petroleo Brasileiro SA


Exclusive: Investors drop out of two groups vying for Petrobras' gas pipeline unit - sources

At least three investors left separate groups interested in acquiring a gas network pipeline that will be sold by Brazil's state-controlled oil company Petroleo Brasileiro SA, three sources with knowledge of the matter said.
Tags: Money, businessNews, Brazil, Petrobras, Petroleo Brasileiro SA


Exclusive: Investors drop out of two groups vying for Petrobras' gas pipeline unit - sources

At least three investors left separate groups interested in acquiring a gas network pipeline that will be sold by Brazil's state-controlled oil company Petroleo Brasileiro SA, three sources with knowledge of the matter said. The final bids for TAG, as the unit is known, are due on Tuesday. After the previously reported departure of Australia's Macquarie from one of the groups, which included Brazilian investment firm Itausa Investimentos SA and Singapore sovereign wealth fund GIC, the other tw...
Tags: Science, Australia, Singapore, Brazil, Petrobras, Macquarie, Petroleo Brasileiro SA, GIC, Wren House Infrastructure, Itaúsa Investimentos SA, Adia Abu Dhabi Investment Authority


Brazil's Petrobras to bid in Israeli gas tender: Israeli minister

Israel's energy minister said on Sunday that Brazilian state-run oil firm Petrobras will take part in a tender to explore for oil and gas off Israel's shore.
Tags: Money, Israel, businessNews, Brazil, Petrobras


Brazil's Petrobras restricts rivals in sale of LPG gas unit

Brazil's state-run oil company Petroleo Brasileiro SA said on Friday it had kicked off a second attempt to sell its liquefied petroleum gas (LPG) distribution unit and restricted local rivals in a potential deal to avoid blocking by antitrust authorities.
Tags: Money, businessNews, Brazil, Petrobras, Petroleo Brasileiro SA, LPG


Brazil's Petrobras kicks off second bid to sell LPG gas unit

Brazilian state-run oil firm Petroleo Brasileiro SA said on Friday it had kicked off a second attempt to sell its liquefied petroleum gas (LPG) distribution unit after an initial deal last year was scuttled by antitrust concerns.
Tags: Money, businessNews, Brazil, Petrobras, Petroleo Brasileiro SA, LPG


Brazil's Petrobras modifies diesel pricing, developing payment system for truckers

Brazilian state-run oil company Petroleo Brasileiro SA has approved a new pricing policy in which diesel prices at its refineries will not be readjusted more than once every 15 days, the company said on Tuesday.
Tags: Money, businessNews, Brazil, Petrobras, Petroleo Brasileiro SA


Exclusive: Trident Energy takes lead in Petrobras oilfield sale - sources

Warburg Pincus-backed firm Trident Energy is in exclusive talks with Petroleo Brasileiro SA to acquire a pair of Brazilian oil clusters, two sources with knowledge of the matter said this week, as the state-run company known as Petrobras moves to revive the sale effort.
Tags: Money, businessNews, Petrobras, Warburg Pincus, Petroleo Brasileiro SA, Trident Energy


McLaren not using Petrobras for start of 2019 Formula 1 season

McLaren is not yet using Petrobras fuel and lubricants after delaying the switch to its new Formula 1 technical partner it had planned for the start of the season
Tags: Sport, F1, Mclaren, Petrobras, Autosport


Petrobras plans to cut $8.1 billion in operational costs through 2023

Brazil's state-controlled oil company Petróleo Brasileiro SA, or Petrobras, announced plans to cut $8.1 billion from its operational costs in the period from 2019 through 2023, according to a securities filing released on Friday.
Tags: Money, businessNews, Brazil, Petrobras, Petroleo Brasileiro SA


At Brazil's Petrobras, an uphill struggle to vanquish graft

Five years after Brazilian prosecutors exposed a long-running bribes-for-contracts racket at state-run oil firm Petrobras, the company is proclaiming it has cleaned up its act.
Tags: Money, businessNews, Brazil, Petrobras


At Brazil's Petrobras, an uphill struggle to vanquish graft

It has run TV spots touting its whistleblower hotline as well as a compliance department created in the wake of Brazil's epic "Car Wash" corruption scandal, which damaged the oil giant, helped tip Brazil into recession and landed a former president behind bars. In late November, citing progress it had made in rooting out graft, Petrobras closed down a special committee constituted in 2014 to aid investigations into corruption.
Tags: Science, Brazil, Petrobras


Exclusive: Petrobras oil trader to plead guilty in U.S. money-laundering case - documents

A former U.S.-based oil trader sought in Brazil over a multimillion-dollar bribery scheme involving commodities traders Vitol, Glencore and Trafigura has agreed to plead guilty to conspiracy to commit money-laundering in the United States, court records show.
Tags: Money, businessNews, United States, Brazil, Petrobras, Trafigura, Vitol Glencore


Exclusive: Brazil's state bank Caixa close to selling $2.4-billion Petrobras stake - sources

Brazilian state-owned bank Caixa Economica Federal is close to selling a 9-billion-real ($2.4 billion) stake it owns in oil company Petroleo Brasileiro SA, two sources with knowledge of the matter said on Tuesday. The share offering of the 2.3 percent stake owned by Caixa in Petrobras, as the oil company is known, depends on the publication of a new presidential decree authorizing the sale, the sources said, asking for anonymity to discuss private plans. President Jair Bolsonaro has already si...
Tags: Science, Brazil, Petrobras, Petroleo Brasileiro SA, Jair Bolsonaro, Caixa, Caixa Economica Federal


Brazil oil regulator to investigate Petrobras oil spill

SAO PAULO (Reuters) - Brazil's oil regulator said on Monday that is has started an investigation into an oil spill at an offshore platform owned by Petroleo Brasileiro SA.
Tags: Science, Brazil, Petrobras, Reuters Brazil


U.S. opens probe into Brazilian oil bribery scheme: sources

(Corrects ninth paragraph of Feb 7 story to say Brazilian prosecutors alleged bribes were paid to Petrobras insiders, not to the company itself)
Tags: Money, businessNews, Petrobras


McLaren may delay using fuel from new F1 2019 partner Petrobras

McLaren may delay using fuel from its new technical partner Petrobras, as it weighs up which supplier to start the new Formula 1 season with
Tags: Sport, F1, Mclaren, Petrobras, Autosport