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The Brazilian government has reached an agreement with state-controlled oil company Petróleo Brasileiro SA over the so-called transfer of rights…
Tuesday, 11 December 2018 05:42

AET Grows in Brazil

With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels,…
Friday, 07 December 2018 05:04

Petrobras Nears Terms Over TAG Pipeline Sale

Brazil’s state-controlled oil company Petróleo Brasileiro could present a new sale and purchase agreement (SPA) before the end of December…
Petroleo Brasileiro SA's next CEO is already working within the Brazilian state-controlled oil firm and is talking with employees about…
Thursday, 06 December 2018 07:47

Revisions to Petrobras' Investment Plan Likely

Brazil's right-wing President-elect Jair Bolsonaro is likely to revise the just-announced investment plans of state-controlled oil company Petroleo Brasileiro SA,…
Wednesday, 05 December 2018 11:24

Petrobras Fires Employee Accused of Corruption

Brazil's state-controlled oil company Petroleo Brasileiro said on Wednesday it had fired a Houston-based employee accused of participating in a…
Wednesday, 05 December 2018 03:23

Major Traders Bribed Petrobras Staff -Prosecutors

Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees…
Wednesday, 05 December 2018 02:37

Execs of Big Oil Traders Knew of Petrobras Bribes

Brazilian investigators said on Wednesday that "top executives" of trading giants Vitol , Trafigura and Glencore had full knowledge that…
Tuesday, 04 December 2018 02:24

Petrobras Refinery Halted After Fire

Brazil's state-run oil company Petroleo Brasileiro SA said on Tuesday it has halted operations at its Abreu and Lima refinery…
Monday, 03 December 2018 18:14

Murphy Oil Closes Gulf of Mexico JV

Murphy Oil Corporation announced  that it has closed its previously announced deal to form a Gulf of Mexico joint venture…
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