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.
RIO DE JANEIRORising crude prices should buoy quarterly results at Petrobras
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.
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.
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.
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.
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.
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.
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.
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.