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Gram Slattery

UPDATE 2-Brazil's Petrobras posts another major production boost

5:09am IST

RIO DE JANEIRO, Oct 17 Brazilian state-run oil firm Petroleo Brasileiro SA posted a significant production boost in the third quarter, as heavy investments in its deepwater, pre-salt zone showed signs of paying off.

Explainer: Translating TOR - How Brazil's $26 billion oil rights auction works

16 Oct 2019

RIO DE JANEIRO Brazil's Senate passed the main text of a bill late on Tuesday defining the distribution of proceeds from a blockbuster auction of oil prospecting rights, a key milestone for the enormous offshore region known as TOR - the 'transfer-of-rights' area.

Brazil raises $2.2 billion in oil auction; Total, Petronas invest big

11 Oct 2019

RIO DE JANEIRO Ten companies on Thursday agreed to pay more than $2 billion for the exploration and production rights in 12 offshore oil blocks in Brazil, in what could be a promising sign for even bigger upcoming oil auctions.

BP, Shell among bidders in $800 million Brazilian oil auction

10 Oct 2019

RIO DE JANEIRO, Oct 10 BP PLC, Chevron Corp and Royal Dutch Shell PLC are among firms that will compete for exploration and production rights off the Brazilian coast on Thursday, in the first of three oil bidding rounds scheduled for coming weeks.

Brazil's Petrobras confronts new foe: fuel thieves

20 Sep 2019

RIO DE JANEIRO Brazilian state-run oil firm Petrobras has in the last five years battled an epic corruption probe, a crippling recession and unsteady crude prices.

As Amazon burns, 230 big investors call on firms to protect world's rainforests

19 Sep 2019

RIO DE JANEIRO With widespread fires wreaking havoc on the Amazon, over 200 investors representing some $16.2 trillion under management on Wednesday called on companies to do their part in halting the destruction of the world's largest tropical rainforest.

RPT-As Amazon burns, 230 big investors call on firms to protect world's rainforests

19 Sep 2019

RIO DE JANEIRO, Sept 18 With widespread fires wreaking havoc on the Amazon, over 200 investors representing some $16.2 trillion under management on Wednesday called on companies to do their part in halting the destruction of the world's largest tropical rainforest.

Brazil's Petrobras holds fuel prices steady despite oil spike after Saudi attack

17 Sep 2019

RIO DE JANEIRO Brazilian President Jair Bolsonaro and Petrobras said on Monday the oil firm was not planning to immediately raise fuel prices in response to the attack in Saudi Arabia, showing the state-run firm may be open to overlooking market pricing norms for now.

UPDATE 2-Brazil's Petrobras holds fuel prices steady despite oil spike after Saudi attack

17 Sep 2019

RIO DE JANEIRO, Sept 16 Brazilian President Jair Bolsonaro and Petrobras said on Monday the oil firm was not planning to immediately raise fuel prices in response to the attack in Saudi Arabia, showing the state-run firm may be open to overlooking market pricing norms for now.

Exclusive: Petrobras unit head removed amid bribery allegations

06 Sep 2019

RIO DE JANEIRO/BRASILIA The chief executive of a natural gas pipeline unit of Brazilian state oil firm Petrobras has been removed, the company told Reuters on Thursday, after a middleman in a graft scheme implicated him in plea bargain testimony.

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