Brazil's Petrobras board approved joining a new government diesel subsidy program worth 1 real per liter. The initiative aims to stabilize fuel costs ahead of October's election while accumulating bil
Petrobras halted a $1 billion gas pipeline study in Brazil due to regulatory uncertainty over a government proposal to auction gas volumes. The measure impacts Equinor's Raia project as well, raising
Petrobras reduced diesel prices by 0.35 reais per liter while suspending an equivalent discount, maintaining net distributor prices at 3.30 reais. Concurrently, the Brazilian government announced a su
Brazilian oil giant Petrobras will acquire a 50% stake in the Itaimbezinho offshore block from Equinor Brasil. The transaction requires government approval and forms a consortium with Equinor operatin
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