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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Petrobras, the oil giant of Brazil, announced its third quarter results yesterday (Tuesday, November 14th), with a net profit of R$266 million for the three-month period. The results were significantly...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s oil giant, Petrobras, announced that it signed a Master Agreement with the French petroleum company Total, in connection with a Strategic Alliance Accord signed in October. In the agreement,...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The largest conference in Latin America in the oil and gas sector, Rio Oil and Gas 2016, began on Monday, October 24th, in Rio de Janeiro, with Brazilian officials...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Mines and Energy Minister of brazil, Fernando Bezerra Coelho, announced on Thursday that the federal government will be auctioning off old onshore petroleum fields in February of 2017...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A class action suit filed in the United States on behalf of stock investors at the New York Stock Exchange may yield ‘tens of billions of dollars’ for the plaintiffs,...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The National Agency of Petroleum (ANP), reported yesterday, April 4th, that the production of oil and gas in the pre-salt fields recorded an increase of six percent in February, compared...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Although media reports have hinted that President Rousseff’s government would be willing to review Petrobras’ exclusive role in exploring the country’s pre-salt oil reserves layers, Mines and Energy Minister, Eduardo...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – While Petrobras officials and union leaders negotiate a deal to end a two-week national strike, approximately ten oil workers remain on call at a São Paulo refinery, working overtime to...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The Federação Única dos Petroleiros (FUP), or Single Federation of Oil Workers, has filed a statement of indefinite strike yesterday (September 2nd) at the headquarters of Petrobras in Rio de...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The board of directors at Brazil’s oil giant Petrobras, announced that it had authorized the sale of 25 percent of stock from its subsidiary, BR Distribuidora. The state-owned oil giant...
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