Brazil | Egypt Oil & Gas - Part 6

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 ...

Brazil to Help Iran with Deep-Water Caspian Exploration

Brazil has agreed to set up a Joint Oil Committee with Iran.

Brazil’s Oil Union Strikes over Asset Sales, Slashed Investments

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 ...

Iran to Export LNG to Brazil in Bilateral Bid

Bijan Zangeneh Iran's oil minister says Brazil has indicated its willingness to buy LNG from Iran

Oil Majors, Petrobras Skip Brazil Bid Round

Major oil companies like Shell, BP, and Total failed to submit bids for new blocks in Brazil’s most recent auction yesterday,

Omani Corruption Trail Leads to Switzerland

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

Brazil’s Petrobras Braces for Strikes

The largest oil workers union in Brazil has announced that it will begin a strike against Petrobras on Sunday, Asia Shipping Media

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