Brazil | Egypt Oil & Gas - Part 9

After Effects of Petrobras Scandal Spreads to US and UK

Investors in Petroleo Brasileiro SA, the state-run oil company at the center of a kickback scandal in Brazil, expanded their lawsuit against the company by adding claims that auditor PricewaterhouseCoopers LLP turned ...

Petrobras Post-Scandal Leadership Reshuffle

Economist Guido Mantega resigned on 23 March from the Petrobras’ Board of Directors, leaving his position as chairman

Petrobras Consortium Awards Geo-Hazard Contract to DeepOcean

Axa Engenharia Submarina Ltda. (AXA), a subsidiary of DeepOcean Group Holding BV (DeepOcean), has been awarded a contract for the provision of geo-hazard surveys on the Libra Field from a Petrobras-led consortium

Petrobras Scandal Shakes Brazil to its Foundations

The heads of Brazil’s two houses of Congress, former ministers and an ex-president are among a list of 54 names who will be investigated in relation to corruption at Petrobras

Technip Flexible Pipes for Brazil’s Lula Alto Field

Technip, a leader in project management, engineering and construction for the energy industry, has won a major deal for the ongoing development of the Lula Alto field, located in the Santos Basin pre-salt area, Brazil.

Moody’s Downgrades Petrobras to Junk Status

Brazil's state-run oil company Petrobras' debt was downgraded to junk status on Tuesday by Moody's Investors Service.

First Drilling and Testing Completed in Libra Area Offshore Brazil

Petrobras announces that the Libra Consortium has drilled and tested the first appraisal well in the Libra area, 3-BRSA-1255-RJS (3-RJS-731), known as NW1. Located in the Northwest portion of the Libra block, which s ...

Oil Platform Explosion in Brazil Kills 3

At least three workers were killed and 10 were injured Wednesday in an explosion at an offshore oil and gas platform in Brazil, according to the state oil company.

Petrobras Board Elects New CEO, Executive Officers

The Petrobras board of directors has elected Aldemir Bendine as CEO. He succeeds Maria das Graças Silva Foster, who will also be leaving the company’s board of directors.

Petrobras CEO Resigns

Maria das Gracas Foster, chief executive officer of Petroleo Brasileiro SA (Petrobras) since 2012, has resigned along with five other senior executives.

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