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Business 28 Sep 2013 | 12:00 AM Premium

SapuraKencana sees little risk of contract default with debt-hit Petrobras

PETALING JAYA: SapuraKencana Petroleum Bhd does not expect the uncertainties surrounding the financing ability of Brazilian energy giant Petrَleo Brasileiro SA (Petrobras), which accounts for around 50% of the former’s outstanding orderbook, to pose a significant risk to the company.

Business 17 Jun 2015 | 12:00 AM Premium

Petrobras likely to delay details of spending cut

RIO DE JANEIRO: Brazil’s state-run oil company Petrobras will likely delay details of major cuts to its US$221bil five-year spending plan until July, two sources said, when the government plans to announce a rescue programme for the industry.

Economy 30 Jun 2014 | 12:00 AM Premium

Ratings firms fret over cost of Petrobras' new Brazil oil rights

RIO DE JANEIRO: Ratings firms have expressed concern about a Brazilian government decision to sell billions of dollars worth of offshore oil rights to Petrobras, saying the move will weigh on the state-run oil company’s cash flow and creditworthiness.

Business 24 Oct 2016 | 12:00 AM Premium

Petrobras settles lawsuits with Pimco and investors

RIO DE JANEIRO: Brazil’s state-run oil company Petroleo Brasileiro SA (Petrobras) settled four lawsuits brought by investors including Pacific Investment Management Co after the nation’s biggest-ever corruption case torpedoed the company’s market value.

Commodities 04 Apr 2017 | 10:50 PM Premium

Petrobras says Exxon expressed 'strong interest' in pre-salt oil

SAO PAULO: U.S. oil company Exxon Mobil Corp expressed to Brazil's state-controlled company Petrobras "strong interest" in the exploration of deep-water oil fields off the Brazilian coast, Petrobras Chief Executive Pedro Parente said on Tuesday.

Corporate News 20 Dec 2017 | 12:00 AM Premium

Petrobras makes a year’s worth of deals in just a week

RIO DE JANEIRO: Petrobras, carrying the largest debt load among global oil majors, is rolling a year’s worth of promises into a week of significant announcements aimed at trimming the gap before an unpredictable presidential campaign starts to gear up.

Business 20 Oct 2012 | 12:00 AM Premium

Petrobras to cut costs by up to $7.5 billion in 2013

RIO DE JANEIRO : Brazil's state-led oil company, Petrobras, said on Friday it plans to cut as much as 15 billion reais ($7.5 billion) from operational costs next year, in a move aimed at reinstilling investor confidence and ending years of missed output targets.

Business 27 Jun 2013 | 6:25 PM Premium

SapuraKencana Petroleum associate wins US$2.7b Petrobras contract

SapuraKencana Petroleum Bhd's associate has secured a US$2.7bil contract from Brazil's Petroleo Brasileiro (Petrobras) to build and provide three deepwater flexible pipe laying support vessels (PLSV) for eight years.

Corporate News 08 Jun 2018 | 10:33 AM Premium

MISC secures US$642mil contract from Petrobras

KUALA LUMPUR: MISC Bhd has secured a US$642mil (RM2.56bil) long-term charter contract and to operate four specialist tankers from Petrَleo Brasileiro S.A. – Petrobras of Rio de Janeiro, Brazil (Petrobas).

Business 18 Apr 2019 | 12:24 AM Premium

Petrobras hikes diesel price, eyes divestments amid investor unease

RIO DE JANEIRO/SAO PAULO: Brazilian state-run oil firm Petroleo Brasileiro SA hiked diesel prices on Wednesday, and executives said the firm could expand its already aggressive divestment plan while arguing the company was completely free of political interference.