Brazil’s Petrobras Divestment Program to Increase in 2016
CEO says state-controlled oil giant will have a smaller structure but be much more profitable than today.
December 16, 2015Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
Brazil’s Petrobras Registers R$3.76 Billion Loss in Q3
Despite recent company troubles, foreign investors continue to show interest in Brazil's oil giant.
November 13, 2015
Only Ten Workers Remain at Petrobras Plant During Strike
Approximately ten oil workers remain on call at the São Paulo refinery, working up to sixteen-hour shifts to keep machines...
November 11, 2015
Oil Workers Strike in Brazil for Wages, Investments, Assets
Strikers are protesting against Petrobras’ asset sales, investment cuts, project suspensions, and reduction of workers' rights.
November 3, 2015
Shrinking Petrobras Investments Lead to Reduction of Brazil’s GDP
A reduction in investments by Petrobras is expected to be responsible for at least a two percent contraction in the...
October 22, 2015Brazil’s Petrobras Announces Reduction in Investments
The announcement of US$ 11 billion cut in investments was well received by the market and company's stock prices rose.
October 7, 2015
Brazil’s Petrobras to Layoff 5,000 Third-Party Workers
The company approved the non-renewal of third-party contracts, a reduction of over five thousand employees.
September 21, 2015
Oil Workers in Brazil Announce Strike Starting Friday
The FUP oil workers union strike is to start Friday (September 4th), and covers all administrative and operating units of...
September 3, 2015
Brazil’s Petrobras Approves IPO of BR Distribuidora
The state-owned oil giant wants sell part of its subsidiary's stock to improve the company’s financial situation.
August 19, 2015