(WSJ, 28.Mar.2022) — Brazil’s Mining and Energy Ministry said Monday the government intends to replace Joaquim Silva e Luna as chief executive of state-controlled PetrĂłleo Brasileiro SA, or Petrobras, with Adriano Pires, an oil sector consultant with government experience. The change comes after weeks of criticism by Brazilian President Jair […]
Tag: Joaquim Silva e Luna
Brazilian Elections Will Not Affect Petrobras Pricing, CEO Pledges
(Reuters, 30.Dec.2021) — Brazil’s 2022 general elections will not influence the fuel pricing policy of Petrobras, the chief executive of the state-run oil company told Reuters on Thursday. Petroleo Brasileiro SA, as the company is formally known, officially sets domestic fuel prices in line with international prices, although it allows […]
![Petrobras Releases 3Q:21 Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/07/Petrobras-approves-paying-332-million-of-dividends-to-shareholders.img_.jpeg)
Petrobras Releases 3Q:21 Report [PDF Download]
(Petrobras, 29.Oct.2021) — In 3Q21, Petrobras posted excellent operating and financial results. According to CEO Joaquim Silva e Luna, “It is with great honor that I share with you the results achieved. We reached our debt target much earlier than planned and we are sharing part of the wealth generated […]
Petrobras Won’t Artificially Control Fuel Prices
(Reuters, 2.Oct.2021) — Petrobras (PETR4.SA) Chief Executive Officer Joaquim Silva e Luna said there was “zero” risk that the state-run Brazilian oil company would seek to artificially control fuel prices even amid growing public outrage over inflation. Petroleo Brasileiro, as the company is formally known, will have to raise gasoline […]
Petrobras’s 1Q:21 Earnings Call Transcript
(Motley Fool, 14.May.2021) — Brazil’s state oil and gas company Petrobras hosted its first quarter 2021 conference call. What follows is a complete transcript of the call. Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Carla Dodsworth Albano Miller — Investor Relations Executive Manager Good morning, everyone. Welcome […]
Petrobras CEO Nods To Price Parity
(Reuters, 19.Apr.2021) — Joaquim Silva e Luna, the new chief executive of Brazil’s Petrobras, will look to respect the company’s current pricing policy and keep investing in deepwater assets, he said at his swearing-in ceremony on Monday. The comments by the former army general signaled that Petrobras’ incoming administration will […]
LatAm Briefs: Petrobras Swears In CEO, Aker’s Mero 1 Project Update
(Energy Analytics Institute, 19.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Petrobras hosting an inauguration or swearing in ceremony for its new CEO Joaquim Silva e Luna and Aker Solutions in Brazil celebrating the last delivery marking the end of the Mero 1 project. Petrobras Hosts […]
Petrobras Elects CEO, Chief Officers
(Petrobras, 16.Apr.2021) — Petrobras’ Board of Directors, in a meeting held today 16 April 2021, elected Joaquim Silva e Luna to the position of CEO of the company. The Board of Directors, as part of the process of composing the Petrobras´ Board of Executive Officers, also approved the following appointments: […]
Petrobras Board Elects CEO, CFO, New Division Heads
(Reuters, 16.Apr.2021) — The board of Brazil’s Petrobras has officially elected a slate of new executives, including Chief Executive Joaquim Silva e Luna, the state-run oil company said in a securities filing on Friday. The board also elected new heads of the company’s upstream, logistics and production development divisions, as […]
Petrobras Shareholders Pave Way For New CEO
(Reuters, 12.Apr.2021) — Shareholders in Brazil’s Petrobras voted on Monday to remove Roberto Castello Branco as CEO, and elected his government-picked successor to the board of directors, but discontent among some investors threatens to drag out the transition process. The dismissal of Castello Branco, while widely expected, is an important […]
At Petrobras, A ‘Spartan’ Military Man Takes The Reins
(Reuters, 12.Apr.2021) — For many investors, the appointment of former army general Joaquim Silva e Luna as the new chief executive of Brazil’s state-run oil company Petrobras was unexpected – and unwelcome. President Jair Bolsonaro announced the 71-year-old Luna would take the helm of Petroleo Brasileiro SA, as the firm […]
Petrobras Informs Of Committee Meeting
(Petrobras, 15.Mar.2021) — Petrobras, in relation to the pieces of news published in the media, informs that its People Committee will hold a meeting tomorrow and, until this moment, among the items on its agenda, there is the analysis of Mr. Joaquim Silva e Luna´s appointment for Petrobras, with the […]
Petrobras In Turmoil As Investors Digest Shake-up
(Argus, 22.Feb.2021) — The share price of Brazil’s Petrobras nosedived today after President Jair Bolsonaro moved to overhaul the state-controlled company’s management, heralding a return to state intervention and threatening to derail a $25bn-$35bn divestment plan. The stunning development sent shock waves through the company’s executive ranks and the investment […]
Bolsonaro Says More Changes Underway
(Blooomberg, 19.Feb.2021) — Brazilian President Jair Bolsonaro said that more changes are underway after naming a former general to replace the University of Chicago-educated economist running state-controlled Petroleo Brasileiro SA. The leadership change at Petrobras followed a feud with Bolsonaro over fuel prices after Petrobras adjusted them to align with […]
Petrobras CEO Castello Branco Out, Luna In
(Energy Analytics Institute, 19.Feb.2021) — A shake up at Petrobras will see CEO Roberto Castello Branco being replaced by Joaquim Silva e Luna, according to Brazil’s mining and energy ministry. “The government decided to nominate Joaquim Silva e Luna to fulfill a new mission as board member and president of […]
Petrobras On Letter From Mines And Energy Ministry
(Petrobras, 19.Feb.2021) — Petrobras informs that it received a letter from the Ministry of Mines and Energy, requesting measures to convene an Extraordinary General Meeting in order to promote the election and replacement of a Board of Directors member, and to appoint Joaquim Silva e Luna to replace Roberto da […]