Petrobras is investing in refining and petrochemical projects, including SAF production, and identifying Braskem as an affiliate.

The entities involved

• Petrobras →

  Brazilian multinational oil and gas corporation

  • Multiple international energy companies, including TotalEnergies, Petrobras, and QatarEnergy, are weighing entry into Peruvian offshore oil blocks.09:41
  • ExxonMobil signed an MOU to examine exploration opportunities in Equatorial Guinea, while Petrobras secured acreage across Africa.Sat 03:45
• Braskem →

  company

  • Braskem, the largest petrochemical company in the region, faces financial difficulties due to debt, high interest rates, and a ground-collapse disaster in Latin America.Thu 10:49
  • Braskem filed a case in a US Bankruptcy Court alleging it is not paying debts amid financial and geological issues.Thu 10:49

Related events

• Prediction markets are pricing expectations for a Selic rate cut as Wall Street performance weighs on Brazil's stock market.Mon 07:44
• Financial institutions are tracking investor preparation and modeling portfolios in response to the ongoing Brazilian presidential contest.Sep 28
• Petrobras, the state-controlled oil giant, is facing pressure regarding consumer fuel costs while navigating strategic shifts, including the divestiture from Vibra Energia in 2019. Lula has voiced concerns over the price disconnect, with Magda Chambriard as a key executive.Jun 8
• Petrobras announced an oil find in the Foz do Amazonas Basin, while a Petrobras-Ecopetrol offshore campaign concluded, amid a market rally sparked by Bolsonaro's lead.Oct 7