Petrobras

ONGC targets full sweep of 25 blocks in country's largest exploration round

The Indian company was the only one to bid on chartering a production storage and offloading vessel, known as an FPSO, for Petrobras' Barracuda and Caratinga fields

Last year, the firm ditched a more market-based pricing policy in favor of one that gave it more flexibility to smooth out price swings

India and Brazil deepen energy ties as Petrobras meets with the Union Minister of Petroleum and Natural Gas Hardeep Singh Puri in Brasilia

President Luiz Inácio Lula da Silva, who nominated Chambriard, attended the ceremony at a Petrobras research center in Rio de Janeiro

In her first public comments since taking the company's helm on Friday, Chambriard said replenishing oil reserves was a priority for Petrobras

The larger shipments will likely ease downward pressure on an oversupplied Asian diesel market and create a price floor for the current market, the sources said

"We have two groups of Asian countries that we're interacting very much right now and we're building relationships right now - Gulf countries, India and China," he said

Ransomware attacks have been taking place for a long time, but their frequency has increased in the last few years

Brazil's Petroleo Brasileiro SA (Petrobras) owns a 75 per cent stake in the block and the rest 25 per cent is held by OVL, it will raise its stake in the block

IOCL's pact with Petrobras was signed during petroleum secretary Pankaj Jain's visit to Brazil last week. Petrobras will supply 1.7 million tonnes per annum to IOCL

Brazil's government has appointed former Petrobras executive Rodolfo Landim to chair the state-controlled oil producer's board, the company said in a filing on Saturday night

By 2026, Petrobras said it sees oil production of 2.6 million barrels per day.

Shares in state electricity company Eletrobras also plunged on Monday after Bolsonaro said it would be the next sector in which the government would "stick its finger"

Roberto Castello Branco was appointed CEO of Petroleo Brasileiro SA, as the state-controlled firm is known, when Bolsonaro took office at the start of 2019

Both Refap and Repar are located in Brazil's southern region and have a production capacity of 200,000 barrels per day each

In a recent note to clients, analysts from Bradesco BBI valued the RLAM refinery, based in the northeastern Brazilian state of Bahia, at $2.5 billion

It was the first confirmation that U.S. investigators have joined a new phase of Brazil's "Car Wash" corruption probe

The deal came just days after Brazil's securities regulator CVM formally accused eight former Petrobras executives of corruption

Petrobras is undergoing a deep financial crisis due to low oil prices and the discovery of a massive corruption ring within its ranks