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Tag Archives: Petrobras

The New Petrobras CEO Posted by on Feb 14, 2012

One of Brazil’s largest companies, the oil conglomerate Petrobras, got a new CEO this week. Maria das Graças Foster will take the helm of one of the biggest companies in the world, the latest in a number of women taking positions of power in Brazil. She is the first ever female CEO at Petrobras. Foster…

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Pre-Salt Trophy Posted by on Nov 8, 2011

Petrobras, Brazil’s state-run petroleum company, created a cool project combining two very different things: Formula 1 racing and offshore drilling. A few years ago, Petrobras discovered vast reserves of oil below what’s called a pre-salt layer (pre-sal, in Portuguese) in the ocean off the coast of Brazil. The reserves could make Brazil a major oil…

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Reading Comprehension Series: Business News Posted by on Feb 18, 2010

For today’s reading comprehension activity, we’re going to take a look at an article from VEJA Magazine about the Brazilian state-run oil company, Petrobras. Petrobras volta a importar gasolina após 40 anos “Após quarenta anos de autonomia, a Petrobras voltou a importar gasolina. Prejudicada pela crise do etanol, a estatal foi obrigada a comprar o…

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U.S. to Invest $2 Billion in Brazilian Oil Posted by on Aug 20, 2009

This week, the Wall Street Journal revealed that the U.S. government plans to invest US$2 billion in Petrobras, Brazil’s state-run oil company. It is the largest company headquartered in the Southern Hemisphere and the largest company in Latin America in terms of revenue. Its assets, which include oil assets in Brazil and 18 other countries…

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Brazil to begin pumping oil in Tupi Posted by on Mar 9, 2009

Petrobras, Brazil’s state-owned oil company, has announced that it will begin drilling for crude oil in the Tupi oil field in the Santos basin on May 1, 2009. Discovered in 2007, the oil field is estimated to have between 5 and 8 billion barrels of oil, but could potentially have up to 80 million barrels…

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