Buried off the coast of Brazil, beneath miles of seawater, rock and salt, lie vast oil reserves—at least 50 billion barrels—that were supposed to yield untold riches for this nation.
Petroleo Brasileiro SA, the world’s most indebted oil producer, is bolstering ties to China as a corruption scandal has shut the company out of international bond markets.
The heads of Brazil’s two houses of Congress, former ministers and an ex-president are among a list of 54 names who will be investigated in relation to corruption at Petrobras
Technip, a leader in project management, engineering and construction for the energy industry, has won a major deal for the ongoing development of the Lula Alto field, located in the Santos Basin pre-salt area, Brazil.
Petrobras announces that the Libra Consortium has drilled and tested the first appraisal well in the Libra area, 3-BRSA-1255-RJS (3-RJS-731), known as NW1. Located in the Northwest portion of the Libra block, which s ...
The Petrobras board of directors has elected Aldemir Bendine as CEO. He succeeds Maria das Graças Silva Foster, who will also be leaving the company’s board of directors.
Maria das Gracas Foster, chief executive officer of Petroleo Brasileiro SA (Petrobras) since 2012, has resigned along with five other senior executives.
Petrobras announces the start of production at the Lucius field today. The field is located approximately 236 miles (380 km) southwest of Port Fourchon, Louisiana, in water depths of 7,086 feet (2,160 m).