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139 results for “petrobras”
Brazil’s Petrobras receives another R$1.03 billion, pushing fuel subsidy tab to R$13.3 billion
State-owned oil giant Petrobras received a new payment of R$1.03 billion from the government's fuel subsidy program, increasing fiscal exposure.
Brazil’s Mounting Political and Fiscal Risks Set Pre-Election Stage
Institutional turmoil in the Supreme Court and escalating national debt at 82.5% of GDP heighten Brazil's risk premium ahead of the next election cycle.
Braskem Debt Restructuring Stalls as Petrobras and IG4 Resist $3 Billion Capital Injection
Petrochemical giant Braskem's $11 billion debt rework faces high risk of collapse as controlling shareholders refuse to fund a creditor-demanded equity injection.
Brazil’s Vice President Alckmin Pushes ‘Gas Release’ Plan Despite Petrobras Opposition
Vice President Geraldo Alckmin is forcing state-controlled Petrobras to sell its natural gas supply to lower industrial costs, a move the company and industry groups are fighting.
Steel Industry Forces Policy Clash as Brazil Fights Chinese Imports and High Gas Costs
Brazil’s steel sector demands import tariffs and cheaper domestic gas, prompting a direct political confrontation between Vice-President Geraldo Alckmin and state-controlled Petrobras.
Brazil Federal State-Owned Companies Post Record R$1.76 Billion August Surplus, First Positive Monthly Balance of 2024
Brazil’s federal state-owned enterprises recorded a primary surplus of R$1.76 billion in August 2024, their first positive result of the year and a new record for the month.
Brazil’s Regulator Pushes Gas Market Deregulation, Setting Up Clash with Petrobras
Brazil's ANP has launched a mandatory 'gas release' program to break Petrobras's dominance and lower industrial costs, meeting strong resistance.
Brazil Hikes Maximum Fine for Fuel Price Abuse to R$500 Million in Inflation Fight
Brazil's government massively increased the maximum fine for fuel price abuses to combat inflation, raising the limit to R$500 million.
Flávio Bolsonaro Pledges Return of Privatization Program in Sharp Policy Reversal
Presidential challenger Flávio Bolsonaro’s platform promises to reactivate Brazil’s state asset sales program, signaling a major economic shift.
Lula’s Economic Architect, Guilherme Mello, Takes Helm of Petrobras Board
Appointment of key government economic strategist as Petrobras Chairman signals closer political alignment for the state-owned oil giant.
Brazil Government Transfers Another R$2.3 Billion to Petrobras, Fuel Subsidies Total R$12.2 Billion
The latest payment to state-run oil giant Petrobras extends a significant fiscal commitment to stabilize domestic fuel prices ahead of a key election.
New R$2.3 Billion Payment Pushes Brazil’s Petrobras Fuel Subsidy Tab to R$12.2 Billion
Brazil's government paid Petrobras R$2.3 billion for a diesel subsidy, highlighting fiscal risk and political intervention in fuel prices.
Brazil Extends R$ 2.12 Diesel Subsidy for 30 Days Ahead of Election
Brazil’s government extended a key R$ 2.12 per liter diesel subsidy for 30 days, a move to curb inflation and logistics costs before the October election.
Petrobras Director Confident on Consensus for Braskem’s $10.9 Billion Debt Restructuring
A Petrobras director expressed confidence that an agreement will be reached with creditors on the out-of-court restructuring of Braskem’s massive debt.
Petrobras Redeems $1.1 Billion in Dollar Bonds, Cutting International Debt Years Early
Brazil's state-controlled oil giant Petrobras is paying back $1.092 billion in global bonds due in 2028, a move that demonstrates its robust cash flow and commitment to reducing its foreign-currency financial risk.
Brazil Prosecutor Seeks Freeze on Braskem’s US$800 Million Capital Injection to Mexican Unit
The São Paulo Public Ministry recommended freezing Braskem's funding to its Mexican subsidiary, complicating its US$11 billion debt rework.
Brazil’s Petrobras Redeems $1.09 Billion in Global Notes Ahead of 2028 Maturity
State-controlled oil company Petrobras is proactively retiring $1.092 billion in corporate debt, signaling strong financial health and a focus on reducing interest costs.
São Paulo Prosecutor Seeks to Block Braskem's $800 Million Payment in Debt Restructuring
Brazil's largest petrochemical company faces new judicial hurdles after a prosecutor recommended suspending new financing in its $11B debt rework.
Petrobras to Drill Three More Equatorial Margin Wells After Securing IBAMA Approval
Brazil's state-owned oil company, Petrobras, has secured environmental approval to drill three new exploratory wells in the Foz do Amazonas basin, opening a high-stakes energy frontier.
Brazil’s PPSA Schedules First Auction to Break Petrobras Gas Monopoly, Targeting 50% Price Cut for Industry
The Brazilian government's company, Pré-Sal Petróleo S.A., will auction 1.1 million m³/day of pre-salt natural gas in October to lower industrial energy costs and increase competition.
Brazil’s Political Divide Crystallizes Around Lula’s Fiscal Rule Versus Debt-Ceiling Alternative
The national debate over Brazil's economic future pits President Lula's revenue-linked spending rule against a conservative proposal for an automatic debt-to-GDP spending ceiling.
Petrobras Pushes for Amazon Mouth Drilling Start in January Despite Court Challenge from Federal Prosecutors
Brazil’s state-controlled oil company plans to proceed with a new phase of exploration in the Foz do Amazonas basin after Ibama approval, even as federal prosecutors seek an injunction.
Brazil’s Diesel Shortage Risk Rises as Petrobras Price Gap Hits R$ 3.89
The growing price difference between Petrobras’ diesel and the international market has stalled private imports, threatening a shortage during Brazil’s critical planting season.
Petrobras CEO Highlights Colombian Gas Finds, Advancing International Expansion and Regional Energy Security
Petrobras CEO Magda Chambriard reinforced the relevance of gas discoveries with Ecopetrol in Colombia, signaling progress on contracts for the new supply.
Petrobras CFO Solidifies Shift, Prioritizing $109 Billion Investment Over Extraordinary Dividends
Brazil's state-controlled oil giant is directing excess cash towards long-term growth and debt reduction, signaling a new capital allocation era.
Electoral Jitters Drive ‘Binary Trade’ on Brazil’s Petrobras and Banco do Brasil
Investors are hedging against the sharp policy shifts expected from Brazil’s presidential election, focusing on key state-owned enterprises.
Federal Prosecutors Seek to Suspend Petrobras’ Amazon Oil Discovery License
Brazil’s Federal Public Ministry is challenging Petrobras’s license for the Morpho well, citing a failure to consult Amazon traditional communities.
Brazil Presidential Challenger Romeu Zema Proposes Full Privatization and BRICS Exit in Election Plan
Presidential candidate Romeu Zema has proposed the full privatization of federal state-owned firms, including Petrobras and Banco do Brasil, and a foreign policy pivot away from BRICS toward the OECD.
Brazil’s Fuel Subsidy Tab Hits R$9.9 Billion as Petrobras Stabilizes Diesel Price Ahead of Election
State-controlled Petrobras confirms R$9.9 billion in government subsidies to cap fuel prices, highlighting political risk before the October election.
Petrobras Pressures Lula Government to Block Regulator’s Natural Gas Competition Plan
Brazil's state-controlled oil company Petrobras is lobbying the government to stop the ANP regulatory agency's plan to mandate competition in the natural gas sector, raising governance concerns.