Brazil | Egypt Oil & Gas - Part 9

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.

Refinery Explosion, Fire in Brazil

An explosion and subsequent fire at Petroleo Brasileiro SA’s (Petrobras) 323,000-b/d Landulpho Alves refinery (RLAM) in Sao Francisco do Conde, Bahia, Brazil, has left three union workers seriously injured.

Petrobras Falls Short of Oil Production Target

Brazil's state-run oil company says it failed to reach its year-end production target even though its daily oil output increased 5.3 percent in 2014.

Second Deepwater Oil Discovery Confirmed Offshore Brazil

Petrobras has confirmed a second oil find in the Fanfan area in the deepwater Sergipe-Alagoas basin offshore Brazil.

Page 9 of 9


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