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. At a meeting yesterday, the Petrobras board approved by majority vote the election of Luciano Galv...
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, con...
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, Brazil’s supreme court said on Friday ni...
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 by Moody’s Investors Service. The ratings agency wrote that the downgrade reflects “increasing concern about corrupt...
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 si... 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 said that six of the 74 workers who were on... 
