Total and Petrobras today confirmed they had signed an Assets Package Agreement.
Petrobras has agreed to sell a 49% stake in a joint venture.
Statoil has completed its $2.5billion deal to buy 66% of an offshore licence in Brazil’s Santos Basin from Petrobras, the Norwegian oil major said yesterday.
Spanish police have arrested a man suspected of being a "financial mastermind" in a corruption network at Brazil's semi-public oil company Petrobras.
The Ibovespa fell the most among major global equity benchmarks after Petroleo Brasileiro SA missed earnings estimates because of a corruption scandal, reminding investors that Brazil’s politics still pose a risk to the country’s recovery from recession.
Petrobras is reportedly looking to stop renting a drillship from engineering conglomerate Grupo Schahin.
The chief executives of Petrobras and Total have teamed up to work on new exploration, distribution and power projects in Brazil and elsewhere.
Petrobras has struck a deal to sell its Okinawa refinery to Taiyo Oil for $129.3million, according to a securities filing.
Brazil’s state-controlled oil company Petroleo Brasileiro SA is preparing to announce a domestic fuel policy that will avert costly subsidies that drained profits during Brazil’s previous government, Chief Executive Officer Pedro Parente said in an interview.
Petrobras is negotiating the sale of two offshore oil fields to Karoon Gas Australia Ltd. as Brazil’s state-controlled producer disposes of assets to reduce the industry’s biggest debt load.
Petrobras and Statoil said they are expanding an existing partnership to help the Brazilian state-controlled company get a hold of declining production at again wells in the offshore Campos Basin.
Brookfield Asset Management Inc., Canada’s largest alternative asset manager, and its partners agreed to buy a 90 percent stake in a Brazilian natural gas distribution network owned by Petroleo Brasileiro SA for $5.2 billion.
Petroleo Brasileiro SA reduced investments by 25 percent and is accelerating asset disposals in its latest business plan as it downsizes to withstand low international oil prices amid Brazil’s deepest two-year recession on record.
Brazil’s main oil workers union is meeting Monday and doesn’t rule out a strike as it battles with state-controlled Petroleo Brasileiro SA for more compensation, union leader Jose Maria Rangel said in an interview.
A woman has died after being hit by the water from a fire hose offshore Brazil.
Petrobras’s oil and gas output slipped 1.42% in August following the sale of assets in South American neighbour Argentina, a news report said.
Norwegian operator Statoil has said changes to Brazil's oil industry laws will be mandatory to attracting foreign investment.
Nearly 12,000 employees have taken voluntary redundancy at Petrobras, the Brazilian state-run oil firm said yesterday, according to a news report.
Brazil’s state-controlled oil company Petrobras plans to save billions of dollars after completing a voluntary dismissal program to help reduce debt and adjust to lower oil prices.
Petrobras has said it will spend $3.25million to buy marketing rights to the financially troubled Rio de Janeiro Paralympic Games.
Statoil and Petrobras have signed a Memorandum of Understanding (MoU) with one another.
On what could be her last day as Brazil’s president, Dilma Rousseff mounted a forceful defence of her time leading Latin America’s most populous nation.
When Petrobras' Pedro Pullen Parente took to the stage at this year's ONS his voice was shaking.
Petrobras said a voluntary redundancy program of more than 6,000 workers has now been accepted.
Technip and DOF said today their 50/50 joint venture in Brazil has chartered out a pipe-lay support vessel to Petrobras.