Petrobras Completes its 2015 Divestment Plan

• Wednesday, 6th January 2016
• by Egypt Oil & Gas

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 Japanes...

Brazil’s Petrobras Says Scandal Cost Company Over $2Bn

• Thursday, 23rd April 2015
• by Egypt Oil & Gas

Brazil’s national oil company said a graft scandal cost it 6.2 billion reais ($2.1 billion) after a five-month internal debate that shut off access to bond markets, cost the chief executive her job and destabilized th...

Petrobras Post-Scandal Leadership Reshuffle

• Sunday, 29th March 2015
• by Egypt Oil & Gas

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...