Landmark Bill Looks to Ease Pressure on Brazil’s Petrobras

• Monday, 6th July 2015
• by Egypt Oil & Gas

Brazil’s congress is likely to pass a landmark bill that could ease financial pressure on state-controlled oil company Petrobras by opening the country’s biggest offshore oil discoveries to greater foreign and privat ...

Brazil Debates Laws on Subsalt Oil Development

• Thursday, 2nd July 2015
• by Egypt Oil & Gas

Brazilian senators on Wednesday debated alternatives to a 2010 law that requires state-run oil firm Petrobras to take a minimum 30 percent stake in new development contracts and function as operator in Brazil's subsa ...

Petrobas Finds New Oil Reservoir Off Brazilian Coast

• Thursday, 4th June 2015
• by Egypt Oil & Gas

Petrobras and a partner firm, Oil and Natural Gas Corp (ONGC), have found a new oil reservoir in deepwater offshore the Brazilian state of Sergipe on the country’s northeastern Atlantic coast.