BP Plc has reached a comprehensive $18.7 billion settlement with the U.S. government and five states, a landmark deal that effectively ends years of litigation over environmental damage and human casualties caused by the 2010 Gulf of Mexico spill. It could be the largest settlement with a single entity in U.S. history, the U.S. Justice Department... Continue Reading →

Shares of Petrobras extended a three-day plunge as crude sank 4.2 percent to $56.96 a barrel after data showing U.S. stockpiles rose for the first time in nine weeks and OPEC production increased. The state-run company has said that investments in oil and gas offshore production are economically viable with the commodity above $45. Read... Continue Reading →

Eike Batista, the story of one of history’s most dramatic collapses in personal wealth will be told on the big screen. For those who remember OGX, OSX, LLX, etc... Read More

The real fell 1.1 percent to 3.1383 per dollar at 3:22 p.m. in Sao Paulo. One-month implied volatility on options for the real, reflecting projected shifts in the exchange rate, remained the highest among 16 major tenders. Read More

Brazilian President Dilma Rousseff’s approval rating decreased in a poll conducted by Ibope amid a shrinking economy and a growing corruption scandal. The president’s administration approval rating on June 18-21 was 15 percent compared with 19 percent in the previous poll in March, according to Ibope. Contracted by the National Confederation of Industry, the survey... Continue Reading →

Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from the current feast to famine within just a few years, leading to a price spike that would give a new boost to the U.S. shale industry. Brazil and Iraq had been expected to add over... Continue Reading →

Attached is the English version of the press presentation of the 2015-2019 Petrobras Business Plan petrobras business plan press presentation