Edition:
United States

Gram Slattery

Brazil's Petrobras revisits whistleblowers in wake of trading scandal

Apr 22 2019

RIO DE JANEIRO Brazil's Petroleo Brasileiro SA is re-examining its treatment of whistleblower complaints after the indictment of six of the state-run oil firm's traders in December indicated that efforts to root out corruption had faltered, according to three people familiar with the matter.

Bolsonaro calls for 'fair' diesel prices, spooking Petrobras investors

Apr 12 2019

RIO DE JANEIRO/BRASILIA Brazil's Petroleo Brasileiro SA canceled a diesel price hike on Friday as President Jair Bolsonaro called for "fair" prices out of concern for truckers, spooking investors wary of political interference at the state-run oil firm.

Explainer: Brazil's transfer-of-rights oil area - What's next?

Apr 10 2019

RIO DE JANEIRO Brazil's government and state-controlled oil company Petroleo Brasileiro SA have settled a long-running dispute about one of the world's most promising offshore oil areas, clearing the way for a blockbuster auction later this year.

Petrobras agrees to sell pipeline unit to Engie for $8.6 billion

Apr 05 2019

SAO PAULO/RIO DE JANEIRO A consortium led by France's Engie SA submitted the highest offer for a major gas pipeline unit owned by Brazil's Petroleo Brasileiro SA, the state-run oil firm said on Friday, as the company's biggest divestment draws to a close.

Brazil's Petrobras receives three final bids for gas pipeline unit: sources

Apr 02 2019

SAO PAULO Brazil's state-controlled oil company Petroleo Brasileiro SA received three bids for gas pipeline network TAG, four sources with knowledge of the matter said on Tuesday.

UPDATE 1-Brazil govt's spat with Petrobras nears end, paving way for giant oil tender

Mar 25 2019

RIO DE JANEIRO, March 25 Brazil's government will announce "within days" a deal with state-run oil company Petrobras to settle a multi-billion-dollar contract dispute and clear the way to auction billions of barrels of oil off of the Brazilian coast, a minister said on Monday.

Brazil, Petrobras 'practically agreed' on transfer-of-rights value -source

Mar 25 2019

RIO DE JANEIRO, March 25 Brazil's government and oil company Petrobras have "practically agreed" on the value of a multi-billion-dollar payment to the oil firm to settle the "transfer-of-rights" dispute, a source with direct knowledge of the matter told Reuters.

Exclusive: Trident Energy takes lead in Petrobras oilfield sale - sources

Mar 20 2019

RIO DE JANEIRO/SAO PAULO Warburg Pincus-backed firm Trident Energy is in exclusive talks with Petroleo Brasileiro SA to acquire a pair of Brazilian oil clusters, two sources with knowledge of the matter said this week, as the state-run company known as Petrobras moves to revive the sale effort.

Brazil's PetroReconcavo in talks for Petrobras onshore fields: sources

Mar 19 2019

RIO DE JANEIRO Brazilian independent oil company PetroReconcavo has entered direct negotiations with state-run Petroleo Brasileiro SA to purchase a cluster of 34 oilfields in the nation's northeast, two oil industry sources told Reuters.

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