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.
A recovery in oil output and exports helped Petrobras reverse three quarters of straight losses as the Brazilian producer emerges from two years of graft investigations and falling crude prices.
Alpek is expected to offer up to $700million for the petrochemicals arm of Petrobras' business.
Norwegian operator Statoil has acquired a 66% stake in the BM-S-8 offshore licence in Brazil's Santos Basin from Petrobras in a $2.5billion deal.
Petrobras has said it is working hard to meet its production targets.
A man fell 65ft to his death from a fixed platform in the Campos basin.
Petrobras has extended its concessions contracts for the Marlim and Voador fields with the Brazilian National Petroleum Agency (ANP) until 2052.
Brazil's Senate has voted to put President Dilma Rousseff on trial in a historic decision brought on by a deep recession and a corruption scandal.
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.