petrobras

The bank expects the company's annual production to grow by a percentage in the mid-single digits for years to come.

Future Brazilian concessions are expected to be run on a profit-sharing basis, with companies other than Petrobras able to take part.

Perhaps one of his Petrobras sources will have told him that the offshore discoveries are so big that they might oversaturate the market.

An economist , Mr Gabrielli worked as an academic and was the chief financial officer of Petrobras before becoming chief executive in 2005 .

In return, Petrobras is to supply China's state-owned Sinopec with up to 200, 000 barrels of oil a day for the next 10 years.

The company's share price fell sharply on the day of the announcement, wiping $7 billion from its market value.

Thanks to a meritocratic culture, and the discipline of having some of its stock traded, Petrobras is a leader in deep-sea oil.

So is Petrobras of Brazil, which operates more deepwater drilling rigs than any other oil company.

Petrobras said it was putting the share issue on hold because of a delay in a government valuation of its offshore reserves.

The next phase in that drama could come in giant fields recently discovered by Petrobras, Brazil's state-controlled oil company.

He added that the companies were in discussions about a potential upstream equity investment by Sinopec in Petrobras.

State-owned oil company Petrobras is to be fined $28m for the spill - the maximum allowed for environmental disasters.

CDB is in talks with Brazilian state-owned Petroleo Brasileiro SA, or Petrobras, regarding further loans for the oil company, Mr. Chen said.

China has agreed to lend $10 billion to Brazil's Petrobras, in return for guaranteed oil supply over the next decade.

The Brazilian government has a minority stake in Petrobras's equity, but a majority of the voting shares.

Uani's database of targeted companies includes industrial leaders in Europe and Asia and oil groups Royal Dutch Shell, Total and Petrobras.

By the same token emerging-market exporters like Samsung or Petrobras need consumers in Europe and America to keep spending.

But unlike Petrobras, which has discovered huge new offshore reserves at home recently, Petronas faces declining domestic output.

He likes oil firms including Exxon Mobil and Brazil's Petrobras, as well as drilling-related firms Transocean and Helmerich & Payne.

Planned legislation designates Petrobras as the sole operator of all future oil concessions in the area, with a 30 per cent minimum stake.

Chinese investors are looking at the Petrobras share offering more closely than most.

To start , Petrobras is paying its largest shareholder a full price for access to technically very challenging deepwater fields .

Brazil's National Petroleum Agency (NPA) has shut down an oil platform operated by state oil company Petrobras following a small fire.

When Petrobras employees refused to work for five days in 2001, oil production fell sharply and Brazil had to import extra oil.

The highlight was a $10 billion loan from China Development Bank to Brazil's state-owned Petrobras oil company.

Globally, though, Petrobras' offering is more than just a big deal.

Brazil's Petrobras is developing its own technologies to exploit ultra-deep water.

An excavator fell in a river in the Amazon while carrying out work on a gas-line for Petrobras.

Petrobras' offering, however, has introduced a whole new investor audience.

But first the oil must flow, and that means getting private money flowing into Petrobras.

That goes for the national oil company, Petrobras, for Vale, a mining giant, and Embraer, an aircraft-maker.

More hopeful is the prospect that technological progress, led by Petrobras, can diversify Brazil's economy.

Petrobras and Sinopec also signed a memorandum of understanding on exploration and the supply of equipment and services.

This month Petrobras unveiled a huge increase in its five-year investment plan, to $224 billion (up from $187 billion).

Ecuador's government moved to take over oilfields operated by Brazil's Petrobras, which refused to accept new contract terms.

Petrobras has not released reserves estimates for several of them.

Petrobras plans to refine the new production domestically to export fuel instead of crude, thereby maximizing export revenues.

One occurred when The Economist recently visited the research laboratory in Rio de Janeiro of Petrobras, Brazil's oil giant.

Again, agreements were signed with CVRD, as well as with Petrobras.

Since 60% of Petrobras's shares are traded on the market, this capital boost will dilute existing shareholders.

o Leopoldo started out making shoelaces and now produces cables to anchor Petrobras's deep-water drilling platforms.

Latin America's largest firm, Petrobras, named its first female CEO this year.

Much of Petrobras's oil comes from fields off Brazil's Atlantic coast.

There, the government will give control in technically difficult offshore areas to state-controlled Petrobras.

The outgoing chairman of Petrobras was once a leftist militant.

Colombia's government has a different model in mind: Petrobras.

The country has strengthened state-controlled companies such as Petrobras, Eletrobras and the public banks, to induce development.

Pockets of the commodity sector, such as Petrobras's deepwater drilling, do require high levels of technical expertise.

Petrobras recently announced a 55% increase in its five-year investment plan to $174. 4 billion.

In April, Petrobras completed building a 1, 400-kilometer pipeline for natural gas with the help of China Petrochemical, or Sinopec.

In all cases, however, the government is likely to demand that Petrobras be the operator.

His ire is particularly directed at banks and resource companies with big government stakes, such as Petrobras and Petrochina.

Investors gorged last month on Petrobras's $67bn equity issue.

Petrobras is a leader in deep-sea oil production.

Ms. Gracas Foster joined Petrobras as an intern 32 years ago and worked her way to the top, reports the BBC.

But shareholders ploughing some $70bn into Petrobras are attracted to the issue because of, not in spite of, its size.

The industry says they will make Petrobras even more powerful, and have caused Lula to forget his earlier enthusiasm for biofuels.

Oil prices have fallen 6 per cent from the start of the year, hurting heavyweights such as Brazil's Petrobras.

Other foreign firms, such as Spain's Repsol YPF and Brazil's Petrobras, are prospecting in adjacent lots.

Brazil's Petrobras postponed until September a planned share issue that is expected to raise $25 billion.

Petrobras will also have a guaranteed stake in each block.

What we [Galp and Petrobras] are doing in exploration and production will keep us together until 2015-2020.

Petrobras, for example, is not going to Africa to bring back oil to Brazil.

For example, Petrobras wants to buy 45 new floating platforms like Angra dos Reis, which each cost $4 billion-$5 billion.

10. Maria das Gracas Foster, CEO of Petrobras