Brazil's Petrobras, the world's most indebted oil firm, has kicked off the sale of a network of liquefied natural gas (LNG) terminals and thermal power plants.
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 ...
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.
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 ...
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.
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.
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 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.
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 ...