What used to be corporate Brazil’s top job as chief executive officer is now a tough gig to sell.
Senators in Brazil have started a debate on whether to oust President Dilma Rousseff, a movement that has built up steam and turned into a referendum on her leadership amid several crises facing Latin America’s largest nation.
Technip has landed a contract extension with the Petrobras.
Aker Solution has won a NOK1billion deal with Petrobras for work in Brazil.
New guidelines for leak detection systems for offshore fields has been launched by DNV GL.
Petrobras said it has approved a voluntary layoff program to reduce its headcount by an estimated 12,000 job losses by 2020.
Seadrill has been awarded an 18 month contract extension for the drillship West Tellus by Petrobras after cutting its day rate.
Brazil's state-controlled oil company Petrobras has posted its biggest-ever quarterly loss after booking a large writedown for oil fields and other assets as oil prices slumped and refinery projects faltered.
Production has been halted by Petrobras on its P-48 FPSO (floating production, storage and offloading) vessel after a fire earlier this week.
Petrobras has been told it must pay $1.9billion in back taxes and fines related to deductions on its 2007 and 2008 filings.
Petrobras’s stock is worthless and a growing group of investors believe Brazil’s state-controlled oil company will convert debt into equity in a move that will benefit bondholders over shareholders, BTG Pactual said in a research report.
State-controlled oil producer Petroleo Brasileiro SA sank to the lowest level since 1999 as the Ibovespa fell for a third consecutive day, joining a global market selloff.
Brazil’s state-controlled oil company is reducing management positions and streamlining operations to save $440 million a year as it navigates the worst oil market in a generation and a sprawling corruption investigation.
Norway said its sovereign wealth fund has placed its investment in Brazil’s Petrobras under observation.
Ensco said it has ended a contract with Petrobras for a drillship over allegations of corruption. The rig contractor said the Brazilian company had chartered the DS-5 in 2008, when it was owned by Pride International.
DOF Subsea has won two new contracts set to commence this month.
Brazilian prosecutors said 12 people have been charged in connection with an alleged bribery scheme involving SBM Offshore and Petrobras. Police said they had executed four arrest warrants as part of an investigation known as "Operation Black Blood". It is understood two of the suspects are already in jail.
Thousands of Brazilians have marched to demand that Congress impeach President Dilma Rousseff, whose government is plagued by an overwhelming corruption scandal and a dismal economy.
This was the year Petroleo Brasileiro SA investors got what they had sought for decades: a chief executive with a mission to streamline and an independent chairman. Now one of them is gone.
SBM Offshore has been invited by Petrobras to tender for the provision of two FPSOs.
Police investigating historic bribery and corruption claims at the heart of Petrobras's contracting culture are set to question more than a dozen new people.
Union bosses and Petrobras have reached a deal to suspend a two-week national strike campaign.
Petroleo Brasileiro SA will start a road show next week to talk to investors and find “strategic partners” for its Brazilian operations as part of an effort to reduce the biggest debt load in the oil industry, Chief Financial Officer Ivan Monteiro said Thursday.
Support for a strike at Petrobras is growing according to Brazilian union leaders as workers show their opposition to privatisation of the state-owned oil company. A strike began last Sunday and has become the biggest stoppage in 20 years at Petrobras as workers back union efforts to rationalise the company and cut foreign participation in the oil industry. The focus of industrial action has recently changed to focus on nationalist and anti-capitalist demands rather than wages.
Diamond Offshore Drilling said two contracts for a pair of rigs with Petrobras have been ended ahead of schedule.