Showing results for "Petrobras"
politics
Brazil’s Fiscal Woes Ramp Up Pressure on Lula’s Finance ChiefFrom prison to the presidency, Brazil’s Luiz Inacio Lula da Silva has turned to one ally more than any other in moments of need: Fernando Haddad, the once and potentially future political heir he named his finance minister.April 22, 2024
markets
Petrobras Asks Investors to Approve 50% Payout of Extra DividendsPetroleo Brasileiro SA’s board settled on a 50% payout of its potential extraordinary dividends from 2023, settling a dispute that rocked the Brazilian market over concerns that President Luiz Inacio Lula da Silva was exercising too much influence over the state-controlled oil producer.April 20, 2024
industries
Petrobras’ Prates Aligns Himself With Lula to Boost ShipbuildingBrazil’s state-controlled oil producer Petrobras is getting behind President Luiz Inacio Lula da Silva’s plans to revive shipyards as part of a wider effort to expand industrial activity in Latin America’s largest economy.April 18, 2024
markets
Petrobras Chair Returns to Divided Board of Oil Producer in Political ShowdownA Brazilian judge has reinstated Petroleo Brasileiro SA’s chairman as acrimony intensifies between government-appointed board members and those representing minority shareholders of Latin America’s largest oil producer.April 17, 2024
markets
‘Crisis? What Crisis?’ Petrobras Chief Points to FuturePetrobras Chief Executive Officer Jean Paul Prates highlighted exploration opportunities in his first public appearance after weeks of speculation that he would lose his job as the head of Brazil’s state-controlled oil company.April 11, 2024
markets
Petrobras Offshore Spending Spree Fuels Rally in Constellation’s Oil-Rig BondsConstellation Oil Services Holding SA’s bondholders are reaping a windfall due to increased demand for the company’s offshore rigs from Petroleo Brasileiro SA, a sharp recovery for a business that emerged from a debt restructuring less than two years ago.April 11, 2024
markets
Petrobras CEO to Remain in Charge of Brazil Oil Giant as Lula Dispute CoolsPetrobras head Jean Paul Prates is set to remain in charge of Brazil’s state-controlled oil giant for now, as an internal government battle over the company’s chief executive role cools down, according to people with knowledge of the matter.April 10, 2024