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Brazil’s PPSA ups revenue expectation for upcoming oil auction

ExxonMobil, China’s CNOOC Petroleum and Petrochina, Norway’s Equinor, Portugal’s Galp and France’s TotalEnergies, among others, are on the list. Reuters, Updated on July 19, 2024. Rio de Janeiro: Brazilian state-run firm Pre-Sal Petroleo (PPSA), which represents the government in pre-salt oil production sharing contracts, said that 10 firms will participate in an upcoming oil auction,…

Magda promises Petrobras program to build ships

Daniel Oliveira – June 19, 2024 The president of Petrobras, Magda Chambriard, promised company investments in ship construction. In a speech at the inauguration ceremony on Wednesday (19), Magda stated that Petrobras will invest in a program that will boost both the company and the Brazilian naval industry. She emphasized that strengthening logistics is essential…

Petrobras CEO facing government dissatisfaction over his management. – G1

9th April 2024 – Petrobras CEO Jean Paul Prates is facing intense scrutiny and potential replacement following dissatisfaction among government officials over his management of the Brazilian state-controlled oil company. Prates has been at odds with Brazil’s Minister of Mines & Energy, Alexandre Silveira, for several months, but tensions heightened when Petrobras decided not to…

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