Petrobras | Egypt Oil & Gas - Part 5
Brazil’s Petrobras Reduces Costs Affecting Up to 12,000 Jobs
Brazil’s troubled state-run oil company Petrobras announced a beefed up voluntary layoff program that could affect up to 12,000 jobs amid intense efforts to cut costs.
Brazilian Petrobras Selling Offshore Fields Worth $2b
Brazil's state- owned oil company Petrobras is marketing offshore oil and natural gas fields worth as much as $2b as part of its plan to sell assets and pay down debt. The company also aims to raise $14.4b from asset ...
Brazilian Tycoon Sentenced to 19 Years over Petrobras
Corruption case of Brazil's state oil company Petrobras has marked a new development as Marcelo Odebrecht, the former CEO of South America’s biggest construction company, Odebrecht SA, was sentenced to 19 years in pr ...
Brazil’s Ex-President Questioned in Petrobras Corruption Probe
Former Brazilian President Luiz Inacio Lula da Silva was briefly detained for questioning in a federal investigation of a vast corruption scheme related to the state oil company Petrobras. Brazil’s Petrobras Secures $10b in Chinese Loan to Pay Debts
The integrated Brazilian energy company Petrobras has secured a $10b loan from the China Development Bank (CDB) in exchange for supplying petroleum to Chinese companies or to be repaid in cash.
Peruvian President Investigated in Brazilian Petrobras Probe
Brazilian police, investigating a massive kickback scheme at state-run oil company Petrobras, are now looking closely at Peruvian President Ollanta Humala, suspected of having received $3m in bribes.
Shell CEO: Petrobras Should Cede Stakes to Foreign Firms
Brazil's state-run oil giant Petrobras should cede some of its drilling rights to foreign companies, the Royal Dutch Shell CEO, Ben van Beurden, said. The Brazilian government was reported to be considering these cha ... Brazil to Amend Oilfields Unitization to Withstand Oil Price Drop
Brazil is to amend its legislation regarding the unitization of oilfields in order to provide a stimulus package for the industry to withstand the global oil prices decline. 
