Petrobras Kicks Off Sale of Non-Essential Assets

• Wednesday, 8th June 2016
• by Egypt Oil & Gas

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...

South Africa’s Power Plants to Shift Gears from Scandal

• Wednesday, 30th September 2015
• by Egypt Oil & Gas

Anglo American Platinum Ltd. (Amplats) said it has started buying power from a venture that uses the heat generated by its smelters to produce electricity, reported Bloomberg. The company will source 4.3MW from the $1...

Brazil’s Petrobras Says Scandal Cost Company Over $2Bn

• Thursday, 23rd April 2015
• by Egypt Oil & Gas

Brazil’s national oil company said a graft scandal cost it 6.2 billion reais ($2.1 billion) after a five-month internal debate that shut off access to bond markets, cost the chief executive her job and destabilized th...

Petrobras Scandal Shakes Brazil to its Foundations

• Sunday, 8th March 2015
• by Egypt Oil & Gas

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, Brazil’s supreme court said on Friday ni...