United States

Alexandra Alper

Petrobras profit buoyed by oil price surge, Brazilian fuel subsidies

Aug 03 2018

RIO DE JANEIRO Brazil's Petroleo Brasileiro SA reported a larger-than-expected jump in quarterly net profit, helped by rising oil prices and diesel subsidies that allowed it to boost its market share, the state-controlled oil company said on Friday.

Legal, political headwinds gather for Petrobras despite rising oil prices

Aug 02 2018

RIO DE JANEIRORising crude prices should buoy quarterly results at Petrobras

Petrobras targets larger China market share with new crude oil

Jul 27 2018

SINGAPORE/RIO DE JANEIRO Brazil's state-controlled energy company Petrobras plans to push more crude oil to top importer China by marketing a new medium-sweet grade that could be shipped from October, two sources with knowledge of the matter said.

Brazil studying possible social, environmental deal with Hydro

Jul 26 2018

RIO DE JANEIRO Brazilian authorities are studying the possibility of inking a social and environmental deal with Norsk Hydro, after its Alunorte alumina refinery was accused of polluting the environment, signaling a potential warming in relations between the government and the Norwegian aluminum producer.

Brazil's Vale misses second-quarter earnings forecast, core earnings jump

Jul 25 2018

RIO DE JANEIRO Brazil's Vale SA, the world's largest iron ore producer, posted a weaker-than-expected rise in quarterly net income on Wednesday as the company took a big currency hit, though core earnings jumped, helped by higher production.

Exclusive: EIG-backed group in exclusive talks for mature Petrobras oilfield clusters

Jul 24 2018

RIO DE JANEIRO Brazilian state-controlled oil company Petroleo Brasileiro SA has chosen to enter exclusive talks to sell two shallow water mature oilfields to a group backed by EIG Global Energy Partners, two people familiar with the matter said.

Brazil rightwing candidate slams centrists, softens tone in campaign launch

Jul 22 2018

RIO DE JANEIRO Brazil's far-right presidential hopeful, Jair Bolsonaro, officially kicked off his campaign on Sunday, excoriating the political center but softening his incendiary stance on gays and blacks three months before wide-open October elections.

Schlumberger CFO to retire soon, insider is frontrunner for job: sources

Jul 16 2018

RIO DE JANEIRO/HOUSTON Schlumberger NV Chief Financial Officer Simon Ayat plans to retire this year and a company insider has emerged as top candidate to replace him at the world's largest oil services firm, three people familiar with the matter told Reuters.

Vale iron ore output up as rail network helps against trucker strike

Jul 16 2018

RIO DE JANEIRO Brazil's Vale SA on Monday reported second-quarter iron ore and pellet production that was a record for an April-to-June period, using a vast rail network to get around the effects of a trucker strike that rattled the country's economy in May.

Brazil's Petrobras seeks partner to revive older oil wells

Jul 06 2018

RIO DE JANEIRO, July 6 Brazil's state-controlled oil company Petroleo Brasileiro SA has confirmed that it began searching in May for an oil services company to partner with it in an onshore production-sharing deal.

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