Brazil’s Petrobras Signs Credit Line with China Exim Bank

• Tuesday, 10th May 2016
• by Egypt Oil & Gas

Brazil's state-run oil firm Petrobras signed a preliminary deal with the Chinese lender China Exim Bank for a $1b loan, before originally planned as its debt service costs surge in the coming years amid the worst oil ...

Brazil’s Petrobras Reduces Costs Affecting Up to 12,000 Jobs

• Monday, 4th April 2016
• by Egypt Oil & Gas

Brazil’s troubled state-run oil company Petrobras announced a beefed up voluntary layoff program that could affect up to 12,000 jobs amid intense efforts to cut costs.

Brazilian Tycoon Sentenced to 19 Years over Petrobras

• Wednesday, 9th March 2016
• by Egypt Oil & Gas

Corruption case of Brazil's state oil company Petrobras has marked a new development as Marcelo Odebrecht, the former CEO of South America’s biggest construction company, Odebrecht SA, was sentenced to 19 years in pr ...

Shell Expects Oil, Gas Output in Brazil to Quadruple by 2020

• Wednesday, 17th February 2016
• by Egypt Oil & Gas

Royal Dutch Shell, Europe's largest oil company, expects to make robust investments in Brazil's offshore resources, hoping to quadruple oil and gas output of the country by 2020, while predicting that oil prices woul ...

Brazilian Petrobras Confirmed Oil Discovery

• Sunday, 22nd November 2015
• by Egypt Oil & Gas

The semi-public Brazilian multinational energy corporation has confirmed oil discovery in Pitu area, in deep waters of Brazil's Potiguar Basin following the drilling of an extension well.