Brazil’s Petrobras Posts Weaker Than Expected Q3 Results
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Petrobras, the oil giant of Brazil, announced its third quarter...
November 15, 2017Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
Petrobras and Shell Lead Way in Brazil’s Pre-Salt Auction
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - Representatives from the oil industry’s heavyweights were in Rio de...
October 30, 2017
Brazil’s Petrobras Reports Oil and Gas Production Up 2.8%
According to state-controlled oil giant, Petrobras, last month, Brazil oil and natural gas production were up 2.8 percent and two...
October 19, 2017
Brazil Attracts ExxonMobile into Investing in Oil Fields
After offering R$1.2 billion in bonus, ExxonMobile wins exploration rights of Campos Basin block
October 2, 2017
Petrobras of Brazil Decreases Gasoline Prices 2.3% and Diesel 5.8%
Gasoline prices will drop by 2.3 percent while diesel prices will be reduced by 5.8 percent which should lead to...
June 15, 2017
Brazil’s Petrobras to Sell Off Assets in Amazon Region
In addition to selling participation of two natural gas fields in the Amazon region Petrobras will sell assets in the...
May 23, 2017
Brazil’s Petrobras Free to Sell Shares of Subsidiary
A Federal Court in Sergipe is allowing the oil giant to continue its divestment program, by permitting it to sell...
May 9, 2017
Brazil’s Petrobras Credit Note Upgraded by Moody’s
Although the oil giant is still below investment grade, the risk agency shifted its outlook to positive, indicating that the...
April 11, 2017
Court in Brazil Finds R$544 Million in Fraud at COMPERJ
Overpayment was found in the construction of the atmospheric and vacuum distillation units in the company owned by Petrobras.
April 6, 2017