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139 results for “petrobras”
Lula’s Election Push Drives R$10 Billion Fuel Subsidy as Banking Scandal Engulfs Brazil’s Justice System
Brazil’s election countdown is marked by a multi-billion-real fuel subsidy, a deepening Supreme Court crisis, and a tax deadline for small firms.
Petrobras Price Hike Fully Absorbed by New Diesel Subsidy, Total Government Fuel Aid Nears R$10 Billion
Brazil's state-controlled oil company raised diesel prices by R$1.00/liter, but a new government subsidy immediately offset the increase.
Brazil’s Environmental Agency Approves Three New Petrobras Wells in R$7 Trillion Equatorial Margin
Brazil’s environmental regulator, IBAMA, authorized Petrobras to drill three new exploratory wells in the sensitive Equatorial Margin, a region President Lula views as a crucial economic frontier.
Lula Declares Equatorial Margin the 'New Pre-Salt,' Framing Oil Push as Defense Against US Interest
Brazil's President Luiz Inácio Lula da Silva compared a new offshore oil frontier to the massive Pre-Salt reserves, tying exploration to national sovereignty and US politics.
Petrobras Pressures Brazilian Government to Halt Gas Market Liberalization Program
State-owned oil giant Petrobras is resisting the regulator’s plan for compulsory gas sales, raising regulatory risk for Brazil's energy sector.
Lula Escalates Sovereignty Rhetoric Over Brazil's 'New Pre-Salt' Oil Frontier
Brazil's President Lula is framing the development of the Equatorial Margin oil reserves as a crucial test of national sovereignty and a defense against foreign interests.
Diesel Shortage Risk Forces Brazilian Biodiesel Producers to Push for Higher Blends
A record gap between Petrobras's domestic diesel price and international rates is creating a supply risk, leading industry groups to lobby for an immediate increase to a B17 biodiesel mandate to shore up domestic supply.
Lula Links New Equatorial Margin Oil Frontier to Sovereignty, Warning of US Interest
President Luiz Inácio Lula da Silva called the Equatorial Margin a potential "new pre-sal," framing the exploration push by Petrobras as a defense of Brazilian sovereignty against perceived US interest.
Petrobras Challenges Regulator’s ‘Gas Release’ Plan, Threatening Brazil’s Market Liberalization
Brazil's state-owned oil giant Petrobras is actively pushing back against the ANP's proposal for mandatory gas sales, a move that could derail the country's years-long effort to reduce high industrial energy costs and introduce competition.
Petrobras Fights Regulator to Maintain Grip on Brazil’s Natural Gas Market
State-controlled Petrobras is actively challenging government efforts to liberalize the gas market, creating regulatory uncertainty for new investors.
Brazil Election's Stark Choice: Privatization Versus State Control of National Assets
With a month until the first-round vote, Brazil's presidential election presents a sharp divergence on the future ownership of state-controlled firms and the direction of fiscal policy.
Brazil’s Federal Audit Court Escalates Review of Petrobras Fuel Prices, Highlighting Regulatory Risk
Brazil’s TCU has called a closed session to debate Petrobras’s controversial fuel pricing, a policy personally requested by President Lula.
Brazil’s Election-Driven Spending, Supreme Court Crisis Converge with Economic Slowdown
President Lula’s pre-election welfare boost heightens Brazil fiscal risk as the economy cools and a Supreme Court crisis widens political instability.
Brazil’s Petrobras Expands Global Exploration with Eight Offshore Blocks in Ivory Coast
Brazil’s state-controlled oil giant Petrobras signed production-sharing contracts for eight exploratory blocks off the coast of Côte d'Ivoire, securing a new deepwater exploration frontier.
Fuel Price Gap Halts Imports, Threatening Brazil’s Critical Grain Planting Season
An artificial price difference between Petrobras and global diesel benchmarks is causing independent importers to halt purchases, creating supply shortages for the start of the summer planting season in Brazil's South.
Lula Government Uses R$6.6 Billion Subsidy Package to Cut Fuel Price Ahead of Election
Brazil's government cut federal taxes on gasoline and boosted a diesel subsidy in a R$6.6 billion move to control fuel prices and inflation before the presidential election.
Lula Demands Judicial Transparency as $2.5 Billion Energy Auction and Amazon Oil Drilling Advance in Brazil
Lula demands judicial reform amid scandal; government pushes $2.5B energy auction and Amazon oil drilling; Nubank invests $8.2B.
Lula’s R$7 Billion Fuel Tax Cut Stokes Fiscal Risk Ahead of Brazil Presidential Election
Brazil's President Lula approved a massive fuel tax cut and subsidy program, costing R$7 billion monthly, which heightens fiscal risks.
Brazil Environmental Regulator Approves More Drilling for Petrobras in Key Amazon Frontier
Brazil's environmental agency authorized three contingent wells for Petrobras in the Foz do Amazonas basin, unlocking billions in potential value.
Lula Ramps Up Fuel Subsidy Amid $100 Oil and Election Pressure, Raising Fiscal Alert
Brazil's President Lula signs decree cutting R$0.63/liter federal tax on gasoline weeks before election, sparking deficit fears.
Lula Bypasses Fiscal Rule with R$6.6 Billion Fuel Subsidy, Renewing Brazil Fiscal Concern
President Lula authorized a massive R$6.6 billion extraordinary credit for fuel subsidies, raising concerns about the new fiscal framework.
Political and Environmental Risks Loom Over $15.9 Billion Petrobras Asset in Foz do Amazonas
Scotiabank estimates that exploration in the environmentally sensitive Foz do Amazonas basin is critical to 14% of Petrobras’s value.
Brazil Opens $1.3 Billion Fuel Subsidy to Shield Consumers from Global Oil Shock
President Lula signs Provisional Measure for R$6.6 billion in subsidies to stabilize diesel prices and fight inflation.
$100 Oil Price Forces Brazil’s Political Price Choice at Petrobras
Brent crude above $100 creates an unmanageable fuel price gap, forcing Brazil to choose between inflation and state intervention.
Oil at Six-Week High Piles Pressure on Petrobras Fuel Pricing Policy, Raising Brazil Inflation Risk
Brent crude nears $98 on US-Iran tensions, forcing Brazil's Petrobras to weigh domestic price stability against market costs.
Lula’s Disapproval Hits 50%, Pushing Brazil Election Into Technical Tie
New Quaest poll shows President Lula’s net approval at its lowest this year, tied with Flávio Bolsonaro in a runoff.
Oil Nearing $100 Creates Double-Edged Sword for Brazil's Economy and Petrobras
Global oil's surge toward $100/barrel delivers a fiscal windfall to Brazil and Petrobras but threatens to reignite domestic inflation.
Lula’s Independence Day Speech Hardens Stance on Sovereignty, Signaling Resource Nationalism
President Lula used his Sept 7 address to stress national control over resources like critical minerals and Amazon oil.
Brazil Junior Oil Operator NBS Taps Retail Capital for Onshore Push
Junior oil operator NBS Petróleo e Gás secures regulatory approval for its first fields, funded unconventionally by retail investors.
Ibama Clears Petrobras to Drill Three More Wells in Environmentally Sensitive Amazon Mouth
Brazil's environmental agency authorized Petrobras to expand exploratory drilling off Amapá, signaling a major push into the controversial oil frontier.