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☆ 'Sabotage' likely culprit for Brazil's Eletrobras towers collapse, sources say
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +1 min

RIO DE JANEIRO, Jan 13 (Reuters) - The collapse of two transmission towers operated by Brazilian power company Eletrobras (ELET6.SA) happened after someone cut the cables used to secure the towers, three sources with knowledge of the matter said on Friday. On one of the towers, "cut wires were found, in a sign of vandalism," said a second source. A third tower operated by power transmission company Evoltz had also collapsed on Monday. Another tower operated by transmission firm Taesa (TAEE11.SA) suffered a vandalism attempt on Thursday. However, the tower was not knocked down and there was no interruption in power transmission, Taesa said.

☆ Brazil should work with other countries to curb illegal gold trade, says mining lobby
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +2 min

RIO DE JANEIRO, Jan 13 (Reuters) - Brazil's mining lobby group asked the country's foreign ministry to work with other governments to improve tactics used to combat the illegal gold trade, it said on Friday. "The trade of illegal gold feeds a criminal alliance in Brazil, which is responsible for part of the devastation we see in the Amazon rainforest, something the world is watching," said Raul Jungmann, president of the Ibram trade association, in a statement. Ibram represents mining giants such as Vale (VALE3.SA), Rio Tinto (RIO.AX), BHP as well as gold miners such as South Africa's AngloGold Ashanti (ANGJ.J) and Canada's Yamana Gold <YRI.TO. The lobby group called for the ministry to work with countries that buy illegally mined Brazilian gold, such as Switzerland, to "reduce the space" for illicit operators. It has pledged to stop deforestation in the Amazon, a vital biome whose health is considered vital in the fight against climate change.

☆ Incoming Petrobras CEO Prates rules out fuel price interventions
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +1 min

Jan 4 (Reuters) - The incoming chief executive of Brazil's oil company Petrobras (PETR4.SA) said on Wednesday there will be no interventions in fuel prices, and shares of the state-run firm rose. Jean Paul Prates, handpicked by President Luiz Inacio Lula da Silva to lead the company, told journalists he does not intend to unlink Petrobras' fuel prices from those of international markets, but "will unlink them from import parity." Without forcing, without imposing a tariff, with absolutely no direct intervention in the market," Prates explained. His remarks, which echoed comments he made after his appointment as CEO, boosted Petrobras' share price, said Reach Capital's investment head, Ricardo Campos. Reporting by Marta Nogueira and Paula Arend Laier; Writing by Peter Frontini; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's Petrobras CEO resigns as ministry chooses his successor -sources
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +1 min

Petrobras did not immediately comment on the resignation. Andrade had been handpicked by former right-wing President Jair Bolsonaro after three of his predecessors left following clashes with Bolsonaro over Petrobras' fuel pricing policy. Prates will need final approval as a board member and subsequently as CEO from the firm's current board of directors. Andrade's term had been set to expire in April, but Reuters reported late last year that he had decided to resign earlier. Reporting by Carolina Pulice, Peter Frontini and Marta Nogueira; Editing by Mark Porter, Bradley Perrett and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's Petrobras will play leading role to expand refineries, says new energy minister
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: 1 min

Companies Petroleo Brasileiro SA Petrobras FollowRIO DE JANEIRO, Jan 2 (Reuters) - Brazil's new mines and energy minister Alexandre Silveira said on Monday that state-run oil company Petrobras (PETR4.SA) would play a leading role in expanding the country's oil refining sector. During an official event inaugurating his new role, Silveira said that Petrobras would play a leading role, encouraging other groups to join the process. "It is urgent that we enlarge and expand our refineries, taking them to the country's regions and modernizing the plants," he added. Reporting by Marta Nogueira and Pedro Fonseca; Editing by Sarah MorlandOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's Petrobras to play leading role on refinery expansion -new energy minister
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +2 min

Companies Petroleo Brasileiro SA Petrobras FollowRIO DE JANEIRO, Jan 2 (Reuters) - Brazil's new mines and energy minister Alexandre Silveira said on Monday that state-run oil company Petrobras (PETR4.SA) would play a leading role in expanding the refining sector, and stressed the importance of developing renewable resources. Petrobras would encourage other groups to join the process, Silveira said during an official event to start his term in office. The ministry would seek to "revalue" biofuels and include them in Brazil's main energy system through safe and efficient long-term policies, Silveira said. Natural gas and biomass could be especially prominent as Brazil looks to build a medium- and low-carbon economy, added Silveira. "The future of our generation should be guided towards innovation and the expansion of renewable resources," he said.

But Jean Paul Prates, nominated on Friday to be chief executive, has been advocating for higher investments in renewables. "Petrobras is a company for the long run and cannot just keep exploring sub-salt oil and paying dividends," Prates said in a press conference this month. Prates, a senator for the past four years, will become the first politician to hold a high-ranking office at Petrobras in several years. Petrobras, Prates and the transition team's press officer did not immediately respond to requests for comment. Prates has defended higher Petrobras investments in the refining sector as a way to secure Brazil's fuel supply.

Companies Petroleo Brasileiro SA Petrobras FollowRIO DE JANEIRO, Dec 23 (Reuters) - Caio Paes de Andrade, the chief executive of Brazil's state-run oil firm Petrobras (PETR4.SA), has decided to resign before his term ends in April, but has not yet set a date for his departure, six sources told Reuters. Andrade's early exit would provide a pathway for leftist President-elect Luiz Inacio Lula da Silva to quickly install his own choice to lead the company. Lula, a leftist former president, takes office on Jan. 1. Prates has previously said the incoming government will not have an interventionist stance on Petrobras. Petrobras had previously said Andrade had accepted an invitation from future Sao Paulo state Governor Tarcisio Freitas to join his team.

☆ Brazil's oil firms to invest $7.7 billion in onshore fields by 2029
▼ + stars: | 2022-12-23 | by ( Marta Nogueira | ) www.reuters.com time to read: +2 min

RIO DE JANEIRO, Dec 23 (Reuters) - Brazil's small- and medium-sized oil firms are set to invest some 40 billion reais ($7.74 billion) in onshore fields by 2029, according to a survey by the country's independent oil and gas producers association Abpip. The move to buy fields from Petrobras has boosted the onshore oil and gas industry in Brazil. Petrobras had sidelined some assets after shifting focus to developing its prolific pre-salt fields, Abpip's executive secretary, Anabal Santos, told Reuters. Output from onshore fields is now expected to increase to 500,000 barrels of oil equivalent per day by 2029, up from 150,000 in 2016, he said. The state-run firm has already sold some offshore assets, Santos said.

RIO DE JANEIRO, Dec 22 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva will appoint Senator Jean Paul Prates of his Workers Party to be the next chief executive of state-run oil company Petrobras (PETR4.SA), a member of his transition team said on Thursday. Deyvid Bacelar, head of oil workers' union FUP, said on social media that Lula had picked Prates based on the labor group's recommendations. He added that Senator Alexandre Silveira would be chosen to be mines and energy minister. The transition team, Prates and Petrobras did not immediately respond to requests for comment. Preferred shares of the oil company rose more than 2% after Bacelar's post, outperforming Brazil's benchmark stock index Bovespa <.BVSP>, before ceding half the gain.

☆ Petrobras, TotalEnergies, Petronas and QatarEnergy acquire Brazil's Agua Marinha pre-salt block
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: 1 min

RIO DE JANEIRO, Dec 16 (Reuters) - Oil companies Petrobras, TotalEnergies, Petronas and QatarEnergy won the offshore pre-salt Agua Marinha block in the Campos Basin in an auction on Friday, data published by Brazilian oil regulator ANP showed. TotalEnergies, Petronas and QatarEnergy had made the best bid, with an oil profit offer of 42.40%, against a minimum percentage of 13.23%, it isad. Brazil's state-run Petrobras exercised its preferred right to join the winners. Reporting by Marta Nogueira; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ We asked barbers the unspoken rules they wish customers knew — here are their 8 musts for shop etiquette
▼ + stars: | 2022-12-15 | by ( Su-Jit Lin | ) www.businessinsider.com time to read: +7 min

"However, the essence of a barber shop is the environment, the conversations that happen within it. "There's a lot of legacy in a barber shop," Tineo said. "But one of the things I love most about barber shop experiences that most salons don't offer are hot towel shaves. Respect their experience"The amount of training a barber has impacts how much they charge for a cut," Tineo said. "While a picture is always helpful if it's something very specific, many also just trust us to do our thing," Nogueira said.

☆ Brazil's Petrobras reaches deal with regulator on govt stake in oilfield
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: 1 min

Companies Petroleo Brasileiro SA Petrobras FollowSAO PAULO, Dec 15 (Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) has reached a deal with oil regulator ANP to pay 780 million reais ($146.38 million) regarding the government's stake in its Jubarte oilfield, ANP said on Thursday. The deal will now be put up for public consultation and may end a legal battle between the two parties. ($1 = 5.3287 reais)Reporting by Marta Nogueira; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's transition team asks Petrobras CEO to suspend company's divestment plan
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +1 min

Companies Petroleo Brasileiro SA Petrobras FollowRIO DE JANEIRO, Nov 28 (Reuters) - Brazil's government-elected transition team asked state-run oil company Petrobras' (PETR4.SA) Chief Executive, Caio Mario Paes de Andrade, to suspend the company's divestment plan so they have time to decide which asset sales would go ahead in the coming years, transition team member Mauricio Tolmasquim told Reuters on Monday. "It would be ideal to suspend everything until the new board of directors takes over," said Tolmasquim, a member of the group dealing with mines and energy issues. He said the suspension would give some time to decide which asset sales would go ahead in the coming years. Petrobras said on its website it was making itself "available" to share the necessary information "for the transition team to conclude a first diagnosis that should support the next management." Reporting by Marta Nogueira; editing by Jonathan Oatis and Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ President Jair Bolsonaro has dropped out of sight because he 'can't wear pants' due to a skin infection, Brazil's vice president says
▼ + stars: | 2022-11-19 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

Brazil's President Jair Bolsonaro lost a tightly-contested presidential election last month. Since then, he has been holed up in his official residence. Brazil's vice president told O Globo that Bolsonaro hasn't left his home due to a skin infection. Mourao said that Bolsonaro, 67, who lost a tightly-contested presidential election last month, has been holed up in his official residence because of a skin infection, known as erysipelas, on his leg. He has a leg injury, a skin infection," Mourao told O Globo .

☆ Brazil's Petrobras to pay out $8.5 billion dividend amid squabble
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +3 min

SAO PAULO, Nov 3 (Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) will distribute dividends of around 43.68 billion reais ($8.5 billion) on its third quarter results, the firm said on Thursday, amid controversy over its massive payouts. Exxon has said it will pay dividends of $3.7 billion, while the other four firms will pay out a figure between $1.14 billion and $2.7 billion, according to data compiled by Reuters. Nearly all global oil majors have reported blockbuster profits this quarter, helped by surging oil prices. Workers' Party head Gleisi Hoffmann wrote on Twitter before the latest dividend was revealed that the payout policy "deprives the company of its investment capacity and only enriches shareholders." They say that while the company paid roughly 130 billion reais in dividends in the first six months of the year, investments made during the same period total only 17 billion reais.

☆ Brazil's Bolsonaro urges protesters to lift road blockades
▼ + stars: | 2022-11-02 | by ( Ana Mano | ) www.reuters.com time to read: +3 min

SAO PAULO, Nov 2 (Reuters) - Brazilian President Jair Bolsonaro for the first time on Wednesday asked protesters blocking roads nationwide to lift blockades as demonstrations are restricting people's right to come and go and bringing losses to the economy. In a video posted on social media, Bolsonaro said he understood people's frustration at the result of the election. The president said blocking roads make the ongoing protests illegitimate. Bolsonaro added the Federal Highway Police (PRF) had mobilized to help dispel protesters and clear roads. In remarks on Tuesday, the Brazilian president said the protests resulted from "indignation and a sense of injustice" over the vote.

☆ Brazil's Bolsonaro doesn't concede election, but authorizes transition
▼ + stars: | 2022-11-01 | by ( Associated Press | ) www.nbcnews.com time to read: +2 min

BRASILIA, Brazil — Brazilian President Jair Bolsonaro on Tuesday did not concede the election he lost to leftist Lula da Silva in a brief speech that marked his first comments since results were released two days ago. But afterward, Chief-of-Staff Ciro Nogueira told reporters that Bolsonaro has authorized him to begin the transition process. Bolsonaro’s address didn’t mention election results, but he said he will continue to follow the rules of the nation’s constitution. Bolsonaro lost Sunday’s race by a thin margin, garnering 49.1% of the vote to da Silva’s 50.9%, according to the nation’s electoral authority. That has led many political analysts to warn that Bolsonaro appeared to be laying the groundwork to reject election results.

☆ Brazil President Jair Bolsonaro Pledges to Respect Constitution After Election Loss
▼ + stars: | 2022-11-01 | by ( Samantha Pearson | Luciana Magalhaes | ) www.wsj.com time to read: 1 min

SÃO PAULO—Brazil’s President Jair Bolsonaro on Tuesday vowed to respect the constitution after he lost the presidential election to Luiz Inácio Lula da Silva , ending a tense silence of 45 hours in which he had refused to acknowledge the results even as his allies urged him to do so. Mr. Bolsonaro didn’t comment on his loss in Sunday’s runoff vote in a press conference in Brasília, the capital. His chief of staff, Ciro Nogueira, flanking Mr. Bolsonaro in the briefing, told reporters that the president had authorized him to begin the transition process that would end with Mr. da Silva’s inauguration on Jan. 1.

☆ Bolsonaro declines to concede Brazil defeat in first address since losing election
▼ + stars: | 2022-11-01 | by ( ) www.cnbc.com time to read: +3 min

But afterward, Chief-of-Staff Ciro Nogueira told reporters that Bolsonaro has authorized him to begin the transition process. Bolsonaro's address didn't mention election results, but he said he will continue to follow the rules of the nation's constitution. Bolsonaro lost Sunday's race by a thin margin, garnering 49.1% of the vote to da Silva's 50.9%, according to the nation's electoral authority. That has led many political analysts to warn that Bolsonaro appeared to be laying the groundwork to reject election results. Earlier Tuesday, Brazil's Supreme Court ordered the federal highway police to immediately clear the roads.

☆ Brazilian President and Trump ally Jair Bolsonaro won't publicly say he's conceding, but a senior staffer said he's told them to move on after losing the election
▼ + stars: | 2022-11-01 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

He did not concede defeat, nor did he congratulate Lula on his victory, according to media reports. But Bolsonaro's chief of staff said the president will allow the government to start transitioning power. Some feared that Bolsonaro would turn to baseless election fraud claims — mirroring a playbook like that of his ally former President Donald Trump — should he lose. "President Bolsonaro has authorized me — when requested, based on the law — to start the transition process," Bolsonaro's chief of staff Ciro Nogueira said on Tuesday, the New York Times reported. During his speech on Tuesday, Bolsonaro thanked his supporters but asked them to stop the blockades, according to the Times.

☆ Brazil's Bolsonaro avoids concession to Lula, but transition to begin
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: 1 min

RIO DE JANEIRO, Nov 1 (Reuters) - Brazil's far-right President Jair Bolsonaro on Tuesday avoided conceding defeat to leftist Luiz Inacio Lula da Silva in his first public remarks since Sunday's election, saying protests since then were the fruit of "indignation and a sense of injustice" over the vote. His chief of staff, Ciro Nogueira, speaking after Bolsonaro's brief public address, said they would begin the process of a transition to Lula's government. Reporting by Gabriel Stargardter Editing by Brad HaynesOur Standards: The Thomson Reuters Trust Principles.

☆ Lula's running mate Alckmin to manage Brazil's government transition
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Nov 1 (Reuters) - Brazil's Vice President-elect Geraldo Alckmin will coordinate the transition to the future government led by Luiz Inacio Lula da Silva and is aiming to start it on Thursday, the head of Lula's Workers Party, Gleisi Hoffmann, said on Tuesday. She said she will speak again about the transition with Ciro Nogueira, chief of staff to outgoing President Jair Bolsonaro, who has yet to concede defeat after losing Sunday's tight race to Lula. The president-elect will take office on Jan. 1. Reporting by Lisandra Paraguassu; Writing by Peter Frontini; Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ Pinterest to offer free mental health resources to content creators
▼ + stars: | 2022-10-23 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

In October, Pinterest announced its partnership with Headspace to give content creators mental health help. TikToker Mikayla Nogueira received backlash for complaining about her struggles with mental health while being a full-time influencer. Eligible creators will receive a free six-month subscription to Headspace. The regular cost of a Headspace subscription is $12.99 per month or $69.99 per year. "We're trying to build a better space for Creators at Pinterest, and as an industry, we believe there's an opportunity to prioritize inspiring content by prioritizing inspiring creators," he said.

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