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11/17/2015 Rio de Janeiro, November 17, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that the drilling of an extension well proved the occurrence of oil in the Pitu area. The discovery of this accumulation, the first in Potiguar Basin deep waters, was first announced to the market on December 17, 2013. The 3-BRSA-1317-RNS well,... Continue Reading →
11/17/2015 Rio de Janeiro, November 17, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that its average oil and natural gas production in October in Brazil and abroad reached 2.76 million barrels of oil equivalent per day (boed), 1.6% higher than the 2.72 million boed recorded in September. Considering the volumes produced in Brazil only,... Continue Reading →
11/17/2015 Rio de Janeiro, November 17, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that the unions are analyzing the proposal presented by the Company. Until now, 10 of the 17 unions communicated their approval of Petrobras’ proposal and the end of the strike in their respective bases. Nevertheless, there are still ongoing manifestations in... Continue Reading →
The Brazilian oilworkers union local responsible for the bulk of the country's oil and gas output told its members on Tuesday to leave all Petroleo Brasileiro SA vessels in the Campos Basin, Brazil's most productive oil district. The action by the local, Sindipetro Norte Fluminense, defied its national federation FUP, which on Friday recommended members... Continue Reading →
A union representing workers at state-run oil company Petroleo Brasileiro SA in Brazil's most important production area said on Monday it remains on strike over back pay and the state-owned oil company's plans for assets sales. Sindipetro Norte Fluminense workers operate oil platforms and other services in the Campos Basin, the source of 64 percent... Continue Reading →
11/16/2015 Rio de Janeiro, November 16th, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that in line with its strategy of diversifying funding sources, is concluding negotiations the Export Credit Agency (ECA) from Italy – SACE, from the United Kingdom - UK Export Finance (UKEF), from Japan - Nippon Export and Investment Insurance (NEXI) and... Continue Reading →
Brazil’s biggest corruption scandal has engulfed a Texas refinery where Petroleo Brasileiro SA officials allegedly took bribes to push through an acquisition. A team of police and prosecutors have found evidence that a Belgium trading company paid $15 million in bribes to secure the sale of the refinery in Pasadena, Texas, to Petrobras, police and prosecutors... Continue Reading →
Sindipetro NF has decided against the direction of workers union FUP to end the strike at Petrobras. Sindipetro NF represents the workers at the Campos Basin responsible for 65% of Petrobras oil and gas production. Four other regional workers unions , part of FUP, have also decided to maintain the walkout. It looks like Petrobras... Continue Reading →
Mon Nov 16, 2015 Brazil prosecutor says Petrobras' Pasadena refinery purchase could be annulled Reuters Nov 16 A Brazilian prosecutor said on Monday that new information turned up in the Petrobras corruption scandal that could lead to the annulment of the state-owned oil company's purchase of Pasadena Refining Systems Inc in Texas in 2006. Brazil's... Continue Reading →
Petroleo Brasileiro SA reached an agreement to end a two-week national strike that reduced output in 50 platforms to protest spending cuts and asset sales that threaten jobs, a workers group said. FUP, an umbrella group for Brazilian oil-worker unions, reached an accord with the state-controlled producer after meetings with Chief Executive Officer Aldemir Bendine,... Continue Reading →
Brazil Energy Insight 