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 ...
Brazil's oil-workers' union began a strike on November 1, protesting asset sales and cuts in investment on the part of Petroleo Brasileiro SA, the nation's state-owned oil company, which is seeking to reduce its enor ...
The Swiss attorney general’s office has confirmed that it is helping Oman investigate alleged corruption in the country’s national oil company and oil ministry