The Brazilian oil giant, Petrobras, announced an investment of R$90 million (equivalent to about $18.4 million) in an ambitious research project focused on the production of green hydrogen and its potential application as a renewable fuel combined with natural gas in engines.
The state-owned…
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petrobras
Petrobras plans to enter the green hydrogen business
Petrobras has signed a two-year non-binding confidentiality agreement with chemical company Unigel to discuss the possibility of entering into joint ventures for the development of projects related to green hydrogen and other low-carbon…
Petrobras announces gas price reduction
Petrobas announced this Monday an agreement with distributors to reduce the price of a cubic meter of natural gas by 8.1 % as of next May compared to the average value of the quarter between February and April.
The Brazilian oil company…
Petrobras announces fuel price reduction in Brazil
Jair Bolsonaro, president of Brazil, reported that Petrobras, the state-owned oil company, will initiate a plan of small weekly reductions in the price of fuels. However, the president did not specify quantities, percentages, or terms.…
Bolsonaro seeks to accelerate privatization of Eletrobras
The president of Brazil, Jair Bolsonaro, along with other members of the Government, handed over to Congress an interim measure to accelerate the privatization of the energy company Eletrobras.
The company is on the list of State companies…
Brazil will eliminate diesel taxes
The president of Brazil, Jair Bolsonaro, announced that the government will eliminate federal taxes on diesel for two months, in order to seek the tax exemption indefinitely, and will abolish tax rates on gas permanently.
This was…
Petrobras exports in May were successful
The Brazilian oil company Petrobas announced that during the month of May it registered a record of oil exports, despite the coronavirus crisis.
Specifically, the company noted that a record 1.11 million tons of crude oil was recorded,…
Petrobras requested liquidity from banks
The Brazilian oil company Petrobras requested liquidity from the bank valued at 8,000 million dollars, due to the current situation in the world.
Faced with the crisis caused by the coronavirus, the oil company has taken the initiative to…
Petrobras announces reduction in gasoline and diesel prices
The Petrobras industry announced the reduction of the cost of gasoline and diesel by 9.5% and 6.5% respectively due to the current economic crisis.
The viral outbreak that is going through the world, added to the dispute between Russia and…
Brazilian development bank sells shares for $ 5,189 million
The National Bank for Economic and Social Development (BNDES) received on Wednesday 22,000 million reais, equivalent to 5,189 million dollars due to its participation in the capital of the state-owned oil company Petrobras.
According to…
Petrobras will reduce investment by 10% for the next four years
The Brazilian oil company Petrobras, announced that its investment for the next 4 years will be estimated at 75.7 billion dollars, 10% less than the 84.1 billion dollars initially planned for the period 2020-2024.
According to the…