Legislation to open coveted offshore oil fields in Brazil to foreign players took a major step forward this week, but still faces fierce resistance from opponents who consider the measure Continue Reading
Petroleo Brasileiro SA, Brazil’s state-owned energy company, is scheduled to receive the first cargo of shale gas to be shipped from the U.S., according to a person familiar with the Continue Reading
Petrobras’s finances have come under intense strain since a multibillion-dollar bribery scandal emerged at the company in 2014. With about $104bn in net debt — the highest for any Continue Reading
Aldemir Bendine has been the company’s chief for 11 months. In Portuguese that stands for Tuesday, Wednesday, Thursday—the three days a week that Mr. Bendine typically shows up at the Continue Reading
At a Christmas breakfast with journalists, Aldemir Bendine, the chief executive of Petrobras, said Brazil’s state-controlled oil company was aiming to become “smaller” thanks to an array of planned asset Continue Reading
A key gauge of Brazil’s public finances, the primary fiscal deficit, ballooned in November to one of the worst levels since records began. In a stark illustration of the challenges Continue Reading
Brazil currently rated Baa3, lowest level of investment grade S&P had already cut the country’s rating to junk in September Brazil’s sovereign rating was put on review for a cut Continue Reading
Vantage Drilling Co. VTGDF -57.58 % , an offshore oil rig operator linked to the massive corruption scandal at Brazil’s state-run oil firm, filed for bankruptcy protection late Wednesday night Continue Reading
Brazil’s gross domestic product fell by a record 4.5 per cent year-on-year in the third quarter, confirming fears that Latin America’s largest country is on track for its worst recession Continue Reading
Mr. Ferreira had been on temporary leave from Petrobras since Sept. 14, Though he had only been at the company since an April shake-up, few had expected Mr. Ferreira to Continue Reading
