Edition:
United Kingdom

Gram Slattery

Brazil's Petrobras says major divestments nearing finish line

29 Oct 2020

RIO DE JANEIRO Petrobras is in the advanced stages of several major divestments, executives said on Thursday, indicating that the company's ambitious deleveraging program may quicken after a pause during the worst of the coronavirus outbreak in Brazil.

Brazil's Petrobras posts solid margins, but one-off charges hit profits

28 Oct 2020

RIO DE JANEIRO Brazil's Petrobras posted an unexpected loss thanks to substantial non-recurring fiscal charges, even as operating earnings were bolstered by a recovery in fuel sales and oil revenue.

Brazil's Petrobras boosts production outlook in recovery from COVID-19 halts

21 Oct 2020

RIO DE JANEIRO Brazilian state-run oil company Petrobras said on Tuesday that 2020 production should exceed previously disclosed estimates, as the firm ramps up production at some of its most prolific offshore oilfields.

Brazilian miner Vale hints at fourth-quarter production boost

20 Oct 2020

RIO DE JANEIRO Brazilian mining company Vale SA reported on Monday an increase in iron ore output in the third quarter and predicted a further boost in fourth-quarter output at some units, as a number of mines ramp up production or come online.

Foreign-backed consortium in talks for Petrobras gas fields in Brazil, sources say

08 Oct 2020

RIO DE JANEIRO/SAO PAULO A consortium of Brazil's 3R Petroleum and Norway-linked DBO Energy is in bilateral talks with Brazil's Petrobras to purchase a cluster of offshore natural gas fields, according to two sources with direct knowledge of the matter.

UPDATE 2-Brazil's Car Wash corruption probe eyes Petrobras bunker fuel deals

07 Oct 2020

RIO DE JANEIRO/SAO PAULO, Oct 7 Brazilian police on Wednesday expanded the Car Wash corruption investigation to alleged kickbacks valued at $8 million on contracts for bunker fuel bought by state-controlled oil company Petroleo Brasileiro SA for its fleet of tankers.

Exclusive: Golar Power offers top bid for Petrobras's LNG terminal - sources

02 Oct 2020

RIO DE JANEIRO Golar Power Ltd has submitted the top bid for a highly-sought-after liquefied natural gas import terminal being leased by Brazil's state-run energy firm Petrobras, two people with direct knowledge of the matter said, though the firm's bid may be thrown out on compliance-related grounds.

UPDATE 1-Hygo trading halted as CEO named in Brazil corruption probe

25 Sep 2020

RIO DE JANEIRO/LONDON, Sept 24 Debut trading in Hygo Energy Transition Ltd was suspended on Thursday hours after the liquefied natural gas transport and infrastructure operator's chief executive was named in a corruption investigation in Brazil.

The ventilators never came: How graft hampered Brazil's COVID-19 response

25 Sep 2020

RIO DE JANEIRO As COVID-19 patients flooded Rio de Janeiro's public health system from early April to late May, Dr. Pedro Archer found himself making gut-wrenching decisions. 

Hygo trading halted as CEO named in Brazil corruption probe

24 Sep 2020

RIO DE JANEIRO/LONDON, Sept 24 Debut trading in Hygo Energy Transition Ltd was suspended on Thursday hours after the liquefied natural gas transport and infrastructure operator's chief executive was named in a corruption investigation in Brazil.

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