Brazil’s Petrobras Announces Further Investment Cuts
Investment forecasts for the 2017-2021 period will total US$74.1 billion, twenty five percent less than the previous plan of US$98.4...
September 20, 2016Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
Brazil Announces Onshore and Pre-Salt Field Auctions
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Mines and Energy Minister of brazil, Fernando Bezerra...
September 16, 2016
Brazil’s Petrobras Increases Market Value by US$23.35 Billion
The state-owned giant is now the fourth largest oil and gas company in Latin America and the U.S.
August 4, 2016
Brazil’s Petrobras Sells Chilean Distribution Subsidiary
The sale is part of the cash-strapped company's on-going plan to sell off assets and reduce investments.
July 26, 2016
Brazil’s Petrobras Allowed to Halt Oil Production in 16 Platforms
The latest request by Petrobras is part of the company’s plan to reduce costs and reverse some of the losses...
July 15, 2016
Brazil’s Petrobras Registers Best June Production in History
In 2015, despite surpassing its annual petroleum production target for the first time in thirteen years, Petrobras registered the largest...
July 12, 2016
Brazil’s Petrobras May Pay Billions in U.S. Class Action Case
A class action suit filed in the United States on behalf of stock investors at the New York Stock Exchange...
June 6, 2016Petrobras’ CEO Seeks to Recover Company’s Credibility
Pedro Parente promised to put the state-owned company’s interest above political interests to rebuild oil giant.
June 3, 2016
Brazil’s Interim Government Replaces Petrobras President
The new interim government is replacing Aldemir Bendine with former Energy Minister, Pedro Parente, as the head the country’s state-run...
May 20, 2016