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The Latest Breaking News from Petrobras

Brazil's Lula unveils $200 billion infrastructure plan as skeptics caution about spending spree

Brazilian President Luiz Inácio Lula da Silva has unveiled a plan to spend 1 trillion reais (nearly $200 billion) on infrastructure, energy and transportation over the next four years in a bid to boost economic growth and employment in Latin America’s largest nation

The Independent UK

Of course Greta Thunberg is right to call out greenwashing, but the reality can be messy

Her withdrawal from the Edinburgh book festival raises questions about how best to demand change, says Guardian columnist Charlotte Higgins

The Guardian - UK

Which Energy Stock Should You Buy, Hold or Sell: Schlumberger (SLB) or Geospace Technologies (GEOS)

Strong energy demand as China’s economy is rebounding and people planning vacation travel during summers coupled with tight supplies could push energy prices higher this year, benefitting energy producers and businesses serving them. So, let’s determine if investors should buy, hold, or sell energy stocks Schlumberger (SLB) and Geospace Technologies…

StockNews.com

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Brazilian petrochemical company settles with city where mining destroyed entire neighborhoods

Brazil’s petrochemical giant Braskem says it has reached a $356 million settlement with a coastal city where four decades of the company’s rock salt mining destroyed five urban neighborhoods and displaced tens of thousands of people

The Independent UK

Goldman Sachs Upgrades Petrobras To Buy As Risks Diminish

Despite a 50% gain, current valuation remains attractive; Petrobras' management mulls buybacks

Zenger

Brazil's Petrobras to appeal decision blocking drilling at Amazon mouth

Brazilian state-run oil company Petrobras said on Wednesday it will file this week an appeal against environmental agency Ibama's decision of blocking it from drilling a well at the mouth of the Amazon river.

Reuters

Lula's coalition roiled by decision to block Petrobras' Amazon project

A decision by Brazil's environmental regulator to block state-owned oil company Petrobras' Amazon oil project has exposed tensions in President Luiz Inacio Lula da Silva's coalition between green advocates and those prioritizing economic development.

Reuters

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Oil drilling project near mouth of Amazon River rejected by Brazil's environmental regulator

Brazil’s environmental regulator has refused to grant a license for a controversial offshore oil drilling project near the mouth of the Amazon River, prompting celebration from environmentalists who had warned of its potential impact

The Independent UK

Oil project near Amazon River mouth blocked by Brazil's environment agency

The Independent UK

The end of offshore oil and gas exploration in NZ was hard won – but it remains politically fragile

Recent news that the New Zealand government has granted an offshore oil and gas exploration permit it had earlier declined demonstrates how fragile the current ban on such activity still is.

The Conversation

Bolsonaro's legal woes deepen with undeclared diamond gifts

Undeclared diamond jewelry brought into Brazil from Saudi Arabia has deepened the legal jeopardy of former Brazilian President Jair Bolsonaro

The Independent UK

How to be an ace engineer: F2 and damper specialist Gavin Bickerton-Jones

Years of preparing his own karts and single-seater cars gave Gavin Bickerton-Jones plenty of the core skills needed to make a career from motorsport. But never one to rest on his laurels, Norfolk-based Bickerton-Jones developed a specialism in dampers that has made him one of the most in-demand engineers in…

Autosport

Debate grows among Lula's team over Brazil fuel tax policy

A debate has broken out among senior aides to Brazilian President Luiz Inacio Lula da Silva over fuel taxes, underlining the competing views within his circle over the future path of his nascent leftist administration.

Reuters

3 Top Stocks You Can Buy Now and Hold for a Lifetime

With the central bank’s progress in controlling inflation, recession risks have subsided. Amid early signs of resilience, the IMF recently upgraded the outlook for the U.S. economy in 2023. Given this backdrop, fundamentally strong stocks Halliburton (HAL), Cardinal Health (CAH), and Jabil (JBL) could be ideal buy-and-hold options for solid…

StockNews.com

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Evening Standard

Brazil protests: Why are Lula and Bolsonaro’s supporters protesting?

Supporters of right-wing former president Jair Bolsonaro have rioted in protest against Lula’s victory

Fortune

Investors fear Petrobas's new CEO—despite his energy industry pedigree

The appointment of Jean Paul Prates as CEO of the state-owned Petrobras sparked a selloff in the oil giant's stock.

Reuters

Brazil markets tumble on Lula's first full day in office

Brazilian markets delivered a withering verdict on leftist President Luiz Inacio Lula da Silva's first full day in office on Monday, after he pledged to prioritize social issues and ordered a budget-busting extension to a fuel tax exemption.

Al Jazeera

US manufacturer Honeywell to pay $200m to settle bribery charges

Parallel investigations were for bribes that Honeywell paid from 2010 to 2014 to get business from Brazil’s Petrobras.

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Reuters

Petrobras shares dive on Brazil vote to ease rules on politicians running state firms

Brazil's lower house of Congress voted late on Tuesday to make it easier for politicians to take roles at state-run firms, hammering shares of the state-run oil company, devastated by a political graft scandal over the past decade.

Reuters

Everything about Petrobras will be discussed with markets, says member of Lula's team

Brazil's incoming government has no intention of causing a "breakdown" of state-run oil giant Petrobras, a member of the transition team said on Thursday, adding that "everything" would be discussed with markets and investors.

Reuters

Former Petrobras executive asks Brazil court to block dividend payment

Guilherme Estrella, former director of Brazil's state-controlled oil giant Petrobras, filed a lawsuit in court to block the payment of dividends by the company. In a late Friday filing, Petrobras reported that Estrella, a former director of exploration and production, requested the blocking of 32.1 billion reais ($6.6 billion) in…

Reason

With Lula's Win in Brazil, the Left Dominates Latin America

The question now is whether Bolsonaro’s coalition can remain in place once the man himself is out of power.

The Times of India

How India is snapping up cheap crude oil as West tightens Russia sanctions

NEW DELHI: Oil refiners in India are buying crude oil at cheaper rates by entering term deals with other countries amid concerns that tighter sanctions from the West on Russia could curb future supplies.

France 24

Bolsonaro vs Lula: Who has Brazil's business vote?

Brazil’s main Sao Paulo stock market surged the morning after the first round of the 2022 presidential election, when incumbent Jair Bolsonaro fared better than expected against his leftist rival, Lula. Is this a sign that the financial markets prefer Bolsonaro? And could the tight gap between the two candidates…

Reuters

Bolsonaro and Lula face off in Brazil presidential debate

Brazil's main presidential candidates took their gloves off on Sunday and laid into each other in the first presidential debate for the October general election with accusations of corruption and threats to democracy.

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