Brazil | Egypt Oil & Gas - Part 5
New Petrobras’ CEO to Recover Company’s Credibility
The new president of Petrobras, Pedro Parente, said during his swearing in ceremony that to improve the company’s performance, the oil giant needs to restore its credibility and recover its economic, financial and so ...
Petrobras Renews Two Offshore Leases for 27 Years
Brazilian petroleum regulator ANP said that it extended state-run oil company Petrobras' concessions to explore and produce oil from the Marlim and Voador offshore fields for 27 years, to 2052. Brazilian Petrobras Selling Offshore Fields Worth $2b
Brazil's state- owned oil company Petrobras is marketing offshore oil and natural gas fields worth as much as $2b as part of its plan to sell assets and pay down debt. The company also aims to raise $14.4b from asset ...
Brazil’s Ex-President Questioned in Petrobras Corruption Probe
Former Brazilian President Luiz Inacio Lula da Silva was briefly detained for questioning in a federal investigation of a vast corruption scheme related to the state oil company Petrobras. Brazil’s Petrobras Secures $10b in Chinese Loan to Pay Debts
The integrated Brazilian energy company Petrobras has secured a $10b loan from the China Development Bank (CDB) in exchange for supplying petroleum to Chinese companies or to be repaid in cash.
Peruvian President Investigated in Brazilian Petrobras Probe
Brazilian police, investigating a massive kickback scheme at state-run oil company Petrobras, are now looking closely at Peruvian President Ollanta Humala, suspected of having received $3m in bribes.
Brazil to Amend Oilfields Unitization to Withstand Oil Price Drop
Brazil is to amend its legislation regarding the unitization of oilfields in order to provide a stimulus package for the industry to withstand the global oil prices decline.
Petrobras Completes its 2015 Divestment Plan
Brazil's state-controlled oil corporation, Petróleo Brasileiro SA (Petrobras), has completed its divestment plan for 2015 by selling its 49% stake in the Gaspetro gas distribution unit worth $500m to the Japanese com ...
