Brazil’s Petrobras is weighing whether to grant improved payment terms to Braskem on some contracts as the petrochemical producer races against the clock to find a solution for its debt woes ahead of an August 24 deadline to avoid filing for bankruptcy protection.
Brazil’s state-controlled oil company discovered signs of hydrocarbons in a controversial exploration area off the coast of the Amazon rainforest.
Braskem’s bondholders continue to press state-controlled oil giant Petrobras to inject fresh capital into the struggling petrochemical producer as time runs short to avoid filing for bankruptcy protection in an election year.
Brazilian oil producer Petrobras outperformed expectations after supply disruptions stemming from the US-Iran conflict lifted second-quarter prices for crude, gasoline and diesel.
Brazil’s national oil company is producing more than the designed capacities of offshore platforms deployed at Buzios and other deep-water fields, helping to push its output to a record high as the Iran war squeezes global supply.
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Petrobras' second-quarter oil and gas output rises 14% from a year earlier
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Brazil's Petrobras to sign cooperation agreements with Mexico's Pemex on Tuesday
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Petrobras to resume construction of Tres Lagoas fertilizer plant by September
Petrobras produces, sells first CORSIA-certified soybean SAF batch
Petrobras to buy 50% stake in Campos Basin offshore block
EU to propose 21st package of sanctions targeting Russia's banks
IG4, Petrobras confirmed as co-controllers of Brazil's Braskem, concluding April deal