28 April 2024
Record production buoys Petrobras, but troubles linger
Publication date: 23 March 2017
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
Editorials
Subscriptions
Petrobras reported a reversal in its flagging fortunes with a quarterly profit in Q4 2016, helped in part by record natural gas and oil production that turned the Brazilian state-run company back into a net energy exporter.
Petrobras nosed into the black in the fourth quarter with a net profit of BRL 2.5 billion (USD 0.8 billion), a marked turnaround from a loss of BRL 37 billion in the year-ago period.