Petrobras settles lawsuit with Vanguard Group

June 21, 2017 0

Brazilian oil company Petrobras settled on Monday an individual securities action filed in a U.S. federal court in Pennsylvania by a number of funds affiliated with The Vanguard Group, the firm’s largest shareholder after the Brazilian government.

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Brazil’s pre-salt output up 5.1% in May

June 21, 2017 0

Brazilian flagship pre-salt oil and gas production, operated by Petrobras, posted another success in May, with an increase of 5.1% compared to April and a 37% growth compared to the same period last year, Kallanish Energy learns.

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Petrobras exits deal with Âmbar over corruption issues 🔓

June 14, 2017 0

Brazilian state-controlled oil company Petrobras has terminated its natural gas supply contract with Âmbar Energia, a subsidiary of Brazil’s largest private economic group, J&F Investimentos, due to a breach of anticorruption terms, Kallanish Energy learns.

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Global oil inventories rise modestly in 2018: EIA

June 8, 2017 0

Expected supply growth from the U.S., Brazil, and OPEC in 2018 will contribute to global oil inventories increasing by 0.1 million barrels per day (MMBPD) in 2018, the Energy Information Administration’s Short-Term Energy Outlook (STEO) projects.

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Petrobras eyes crude exports growth of 47.5%

May 25, 2017 0

Brazil’s state-run oil company Petrobras expects its crude exports to grow by 47.5% in 2021, while production should increase by 33.8% in the same period, company’s executive manager Guilherme Franca said on Wednesday.

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