Edition:
United Kingdom

Gram Slattery

Brazilian police again arrest Eike Batista, once Brazil's richest man

08 Aug 2019

RIO DE JANEIRO Police in Brazil on Thursday arrested Eike Batista, the charismatic mining and oil magnate who was once the country's richest man, on suspicion of money laundering and insider trading.

Brazil's Petrobras reports long-awaited production boost

02 Aug 2019

RIO DE JANEIRO Brazilian state-run oil company Petroleo Brasileiro SA, or Petrobras, posted a long-awaited production boost in July after a disappointing June, as it ramped up production in the promising offshore "pre-salt" region.

UPDATE 3-Brazil's Petrobras reports long-awaited production boost

02 Aug 2019

RIO DE JANEIRO, Aug 2 Brazilian state-run oil company Petroleo Brasileiro SA, or Petrobras, posted a long-awaited production boost in July after a disappointing June, as it ramped up production in the promising offshore "pre-salt" region.

Brazil's Petrobras posts highest-ever quarterly profit, boosted by asset sales

02 Aug 2019

RIO DE JANEIRO Brazilian state-run oil firm Petroleo Brasileiro SA posted its highest ever quarterly profit on Thursday and handily beat analysts' estimates, thanks in large part to billions of reais in asset sales.

Exclusive: Brazil's Petrobras studies downsizing logistics unit

01 Aug 2019

RIO DE JANEIRO Brazilian state-run oil firm Petrobras is studying a mass transfer of employees out of its Transpetro logistics unit, according to a document seen by Reuters, in a sign the company may be gearing up to privatize additional assets.

Odebrecht unit signs first post-'Car Wash' contract with Brazil's Petrobras

29 Jul 2019

RIO DE JANEIRO, July 29 Brazil's Petrobras has signed a two-year contract to lease a drilling rig from Ocyan, formerly known as Odebrecht Oleo e Gas, an executive told Reuters, in the first deal between the firms since a corruption scandal erupted five years ago.

Petrobras cuts 2019 output target in push for 'credibility'

26 Jul 2019

RIO DE JANEIRO Brazil's state-run oil firm Petroleo Brasileiro SA cut its 2019 production target, sending its shares lower on concerns about how quickly the firm will be able to ramp up production.

Petrobras reschedules oilfield bid; Seacrest, Perenco among interested parties: sources

05 Jul 2019

RIO DE JANEIRO/SAO PAULO Brazil's Petroleo Brasileiro SA is scheduled to hold a final "re-bid" for two oilfields off the coast of Rio de Janeiro on July 8, four sources told Reuters this week, after the state-run oil firm annulled a previous bidding round.

Petrobras reschedules oilfield bid; Seacrest, Perenco among interested parties: sources

05 Jul 2019

RIO DE JANEIRO/SAO PAULO, July 5 Brazil's Petroleo Brasileiro SA is scheduled to hold a final "re-bid" for two oilfields off the coast of Rio de Janeiro on July 8, four sources told Reuters this week, after the state-run oil firm annulled a previous bidding round.

Dozens arrested in Rio for murder, extortion of Petrobras contractors

04 Jul 2019

RIO DE JANEIRO Police in Rio de Janeiro arrested more than 40 people on Thursday for their alleged roles in a murderous gang that extorted companies working for state-run oil company Petrobras and established a secret cemetery to dispose of rivals.

World News

Trump paints picture of unity at prickly G7 summit

U.S. President Donald Trump said on Sunday he was getting along well with Western allies at a G7 summit in France, dismissing reports of rifts among leaders and declaring that they "respect" the trade war between Washington and Beijing.