A new dawn for Petrobras?

The government-controlled oil giant is trying to change strategy - and market perceptions

When Pedro Parente took over as the head of Brazil's scandal-hit oil company Petrobras, he promised a badly needed course correction. Gone, Parente says, are the government shackles that many blame for dragging the company down. The country's new president Michel Temer had given him the freedom to take the company its own way. "We don't have to ask anything of anyone. We can take actions that address the interests of the company," Parente exclaimed at his first press conference in June. Amid a shattering and ongoing corruption probe, Parente was tasked by Temer to turn around the world's most indebted oil company-one of the toughest tasks in the industry. He plans to do so by re-doubling the