The technical staff at Brazil's environmental agency Ibama recommended that the body deny authorization for Petrobras to carry out drilling in the environmentally sensitive Foz do Amazonas region, two sources familiar with the matter told Reuters.

Petrobras expects output in Buzios to reach 1 million bpd by the second half of 2025, as production from the Almirante Tamandare FPSO ramps up. According to data from Brazilian market regulator ANP, Buzios is currently producing about 744,

Brazil's Petrobras posted a net loss of 17 billion reais ($2.8 billion) in its fourth quarter due to non-recurring events, lower Brent prices and a "highly volatile" market for diesel, but aims to distribute dividends,

Brazil’s state-run oil producer Petrobras should get rid of intermediaries and sell directly to consumers in order to lower fuel prices, President Luiz Inacio Lula da Silva said Monday.

Brazil's state-run oil firm Petrobras should consider selling fuel directly to large consumers in order to reduce prices at the pump, President Luiz Inacio Lula da Silva said on Monday, without giving further details on his suggestion.

Shares of Brazil's state-run oil firm Petrobras fell 4% on Sao Paulo's B3 exchange as markets opened on Thursday, after analysts were caught by surprise by capital expenditure spending 15% above the firm's guidance for 2024.

Brazilian state-run oil company Petrobras and lender Banco do Brasil have contracted two export credit notes totaling 6.5 billion reais ($1.14 billion), Petrobras said on Thursday.

Brazilian regulators are cracking down on some offshore drilling by Petrobras and others, and the delays threaten to complicate Brazil's efforts to reverse last year’s oil production decline

Petrobras starts production at Buzios 7, the company's sixth project in the Buzios oilshore offshore Brazil, expected to raise production in the field to as much as 1M bbl/day by H2.

Petrobras is hopeful the latest floating production, storage and offloading vessel that entered operation in the giant Buzios pre-salt field offshore Brazil may achieve massive flow rates per well. Petrobras this month started output from the Almirante Tamandare FPSO,

Brazil’s Petrobras has reported a loss in the fourth quarter, as financial results were severely hit by the exchange rate variation on debts between the company and its subsidiaries abroad. Petrobras booked a net loss of 17 billion reais ($2.

Two sources with knowledge of the matter said that the technical staff at Brazil's environment agency Ibama recommended to the