Petrobras | Egypt Oil & Gas - Part 6
Petrobras to Re-Open its Rio de Janeiro Refinery
The board of Brazil’s Petrobras has voted to restart limited work at its idled refinery in Rio de Janeiro, but decided to cancel the proposed second processing train and lubricants plant at the complex, reported ICIS ... Brazil’s Petrobras Notes Record High Oil & Gas Outputs
Brazilian state-run oil company, Petroleo Brasileiro SA (Petrobras) has declared that new wells have helped push oil and natural gas output to a record high in June 2016 after falling to two-year lows in recent months...
Brazil to Auction 4 Sub-Salt Areas in 2017
According to the incoming Secretary of Oil and Gas at Brazil’s Ministry of Energy, Marcio Felix, the Brazilian government has announced its plans to hold its second auction of four sub-salt exploration and production ...
Petrobras Kicks Off Sale of Non-Essential Assets
Brazil’s Petrobras, the world’s most indebted oil firm, which aims to divest about $15b in non-essential assets by the end of the year in a bid to cut some of the company’s $130b debt burden, has kic...
New Petrobras’ CEO to Recover Company’s Credibility
The new president of Brazil’s state oil company Petrobras, Pedro Parente, said on June 2nd during his swearing in ceremony, that in order to improve the company’s performance, the oil giant needs to restore its credib... Petrobras Renews Two Offshore Leases for 27 Years
Brazilian petroleum regulator ANP had extended state-run oil company Petrobras’ concessions to explore and produce oil from the Marlim and Voador offshore fields for 27 years, to 2052, Reuters reported. The exte...
Brazil’s Petrobras Signs Credit Line with China Exim Bank
Brazil’s state-run oil firm Petrobras signed a preliminary deal with the Chinese lender China Exim Bank for a $1b loan, before originally planned as its debt service costs surge in the coming years amid the wors...
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. The movement came days after the company informe... 
