Petrobras

Petrobras has approved joining Brazil’s new diesel subsidy program worth 1 real per liter, as President Lula moves to cushion voters from rising oil prices.

Petrobras has agreed to buy a 75% working interest in São Tomé and Príncipe’s offshore Block 3, taking operatorship from Oranto Petroleum.

KEY POINTS Five years after the Brazilian state oil giant withdrew from Nigeria, President Bola Tinubu has convinced Petrobras to re-enter the West African nation. The agreement, which was finalized …

Petrobras may issue extraordinary dividends in 2024 if conditions allow, despite a recent net loss. The company remains focused on balancing payouts with future investments.

Brazilian prosecutors demand Ibama respond to Petrobras’ Amazon drilling license request, spotlighting the clash between economic development and environmental conservation.

Brazil’s state-run oil company Petrobras has reached an agreement with Abu Dhabi’s sovereign investor Mubadala to take back control of a refinery in Bahia, while also partnering with the fund …