petrobras in A Sentence

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    Petrobras is an international business and it operates across 25 countries.

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    Petrobras did not immediately comment, nor did Brazil's Mines and Energy Ministry.

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    With this, Petrobras triggered a major competition between TechnipFMC, Aker Solutions and OneSubsea.

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    Petrobras' current goal is to bring that ratio down to 1.5 in 2020.

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    Alibaba(China), Nokia(Finland) and even Petrobras(Brazil) are all foreign companies traded in the U.S. stock market.

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    In its statement, Petrobras said it expected to produce 2.8 million boe/d in 2019.

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    We look forward to helping Petrobras optimise and extend the life of these assets.”.

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    We look forward to helping Petrobras optimize and extend the life of these assets.".

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    Petrobras shares were down 13 percent in early afternoon trading, pulling Brazil's wider Bovespa index into negative territory.

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    Petrobras shares were down 13 per cent in early afternoon trading, pulling Brazil's wider Bovespa index into negative territory.

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    Petrobras said in a statement the board would choose an interim CEO on Friday and other top executives would remain.

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    During his speech, President Temer highlighted the recoveries of state-owned companies during his administration and cited Petrobras as an example.

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    Petrobras took charges of around 11.4 billion reais in the fourth quarter for various impairments and money put aside as judicial contingencies.

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    He has floated the idea of privatizing Petrobras and has indicated that he will champion a market-friendly approach if he wins.

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    Still, much is up in the air, particularly in the two blocks where Petrobras has not exercised preferential rights: Sepia and Atapu.

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    In early February, TechnipFMC was awarded a large engineering, procurement, construction and installation contract by Petrobras for the Mero 1 pre-salt field.

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    In a securities filing, Petrobras, as the firm is commonly known, said second quarter net profit came to 18.87 billion reais($4.92 billion).

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    Petrobras purchased half the refinery in 2006 and by 2012 was its sole owner, having sunk more than $1 billion into the plant.

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    Earlier this year Petrobras named C.S.E. the best supplier for onshore and offshore maintenance and HSSE, highlighting its focus on customers and excellence.

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    Trafigura said in a statement that its management had no knowledge of any improper payments made to employees of Brazil's state-run oil firm Petrobras.

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    Petrobras' total production of oil and natural gas was 2.63 million barrels of oil equivalent per day(boe/d), with 101,000 boe/d produced abroad, it said.

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    Presidential right-wing frontrunner Jair Bolsonaro has said little about the oil sector, although as a congressman he once voted against easing Petrobras' oil monopoly.

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    Petrobras CEO Castello Branco has stressed that this does not mean a change in the company's policy, which is focused on investments in the country.

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    Petrobras had claimed that it was owed as much as $30 billion, while some officials said Petrobras in fact owed money to the state.

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    Petrobras earlier this year sold a 25 percent stake in Roncador, one of Brazil's largest oil fields, to Norway's Equinor ASA for about $2 billion.

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    ANP's director, Dirceu Amorelli, said in a statement issued by the agency that, with the hearing, the ANP gave transparency to the negotiations with Petrobras.

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    A billion-dollar corruption scandal buffeted state-run oil company Petrobras, and President Dilma Rousseff was removed from office in an impeachment trial just days after the Olympics closed.

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    SBM said late on Thursday it would pay approximately $189 million to the Brazilian authorities and state oil company Petrobras in fines and compensation for damages.

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    Petrobras is also working on the revitalization of the Marlim field, with plans to charter two new FPSOs to replace seven older rigs in the area.

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    Guedes did not go into details about the accord, and the source declined to comment on the exact value that Petrobras would receive from the government.

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