Petrobras | Egypt Oil & Gas - Part 7
Brazil’s Ex-President Questioned in Petrobras Corruption Probe
Former Brazilian President, Luiz Inacio Lula da Silva, was briefly detained for three-hour questioning in a federal investigation of a vast corruption scheme related to the state oil company Petrobras, fanning a polit...
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. The state-owned oil producer withers under the ...
Peruvian President Investigated in Brazilian Petrobras Probe
Brazilian police, investigating a massive kickback scheme at the Brazilian state-run oil company, Petrobras, are now looking closely at Peruvian President, Ollanta Humala, and a former Argentinian Transportation Minis...
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, according to Merco Press, the South Atlantic News Agency. Sh... 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, reported Reuters. The current laws are alle... Brazilian Petrobras Slashes Production, Capital, Investment Plans
Brazil’s state-run oil producer, Petróleo Brasileiro SA (Petrobras), has slashed its production targets by 1.8% to 2.1mb/d and capital spending budget by 24.5% to $98.4m in the period between 2015-2019, Industry...
Petrobras Completes its 2015 Divestment Plan
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...
Brazilian Petrobras Confirmed Oil Discovery
The semi-public Brazilian multinational energy corporation Petrobras has confirmed oil discovery in Pitu area, in deep waters of Brazil’s Potiguar Basin following the drilling of an extension well. Informally kn... 
