ANP Says Brazil Pre-Salt Production Increases Six Percent
The ANP in Brazil reports that the production of oil and gas in the pre-salt fields recorded an increase of...
April 5, 2016Topic
Oil
Brazil’s Senate Approves Reducing Petrobras Requirements
Upper House approved bill ending requirement for Petrobras to participate in at least thirty percent of all pre-salt oil exploration...
February 26, 2016
Brazil’s Petrobras Reduces Investment Forecast by 25%
This is the second adjustment to the 2015-2019 business plan announced in June of 2015 by the oil giant.
January 13, 2016
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, 2015
Brazil’s Petrobras Registers R$3.76 Billion Loss in Q3
Despite recent company troubles, foreign investors continue to show interest in Brazil's oil giant.
November 13, 2015
Only Ten Workers Remain at Petrobras Plant During Strike
Approximately ten oil workers remain on call at the São Paulo refinery, working up to sixteen-hour shifts to keep machines...
November 11, 2015
Oil Workers Strike in Brazil for Wages, Investments, Assets
Strikers are protesting against Petrobras’ asset sales, investment cuts, project suspensions, and reduction of workers' rights.
November 3, 2015
Brazil’s Petrobras Announces Reduction in Investments
The announcement of US$ 11 billion cut in investments was well received by the market and company's stock prices rose.
October 7, 2015
Brazil’s Petrobras 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