Petrobras CEO Resigns

• Thursday, 5th February 2015
• by Egypt Oil & Gas

Maria das Gracas Foster, chief executive officer of  Petrobras since 2012, has resigned along with five other senior executives. The Petrobras board will meet on Feb. 6 to elect new senior executives, according to Reu...

Refinery Explosion, Fire in Brazil

• Tuesday, 20th January 2015
• by Egypt Oil & Gas

An explosion and subsequent fire at Petroleo Brasileiro SA’s (Petrobras) 323,000-b/d Landulpho Alves refinery (RLAM) in Sao Francisco do Conde, Bahia, Brazil, has left three union workers seriously injured. The blast ...

Petrobras Falls Short of Oil Production Target

• Thursday, 15th January 2015
• by Egypt Oil & Gas

Brazil’s state-run oil company says it failed to reach its year-end production target even though its daily oil output increased 5.3 percent in 2014. The oil firm Petrobras said in a statement late Monday that l...

Second Deepwater Oil Discovery Confirmed Offshore Brazil

• Sunday, 11th January 2015
• by Egypt Oil & Gas

Petrobras has confirmed a second oil find in the Fanfan area in the deepwater Sergipe-Alagoas basin offshore Brazil. In August the company reported an initial discovery with well 9-SES-188D in the BM-SEAL-11 concessio...