Petrobras commences oil and gas production near Brazil’s Búzios oil field

The company will utilise the P-70 floating, production, storage and offloading platform for the oil and gas production

Petrobras sells Brazilian oil and gas stakes worth $823m

The firm said the sales mark a shift in focus to investments in Brazilian deepwater

Petrobras, Total and Total Eren sign Memorandum of Understanding

The companies will collaborate to help develop Brazil’s renewable energy sector

Brazilian oil firm Petrobras’ boss resigns amid protests

Lorry drivers took part in a strike, which ended last week, against diesel prices which led to major shortages across the country

BP and Petrobras sign exploration MoU

The energy giants have committed to exploring areas of mutual interest in the upstream, downstream, trading and low carbon sectors

Petrobras joins CEO-led oil and gas climate initiative

Petrobras is to join a CEO-led group of oil and gas companies that intends to lead the industry’s response to climate change. The Oil and Gas Climate Initiative (OGCI) aims to increase the ambition, speed and scale of the projects undertaken by individual firms to reduce greenhouse gas emissions and explore new businesses and technologies. […]

Shell-Petrobras announce deep water partnership

Shell and Petrobras have signed a Memorandum of Understanding (MoU) to strengthen their deep-water partnership. They aim to share their experiences and best practice, learnings on safety and governance management, technical and operational solutions, wells construction and air transportation safety. The agreement focuses on sharing cost-efficient solutions in developing pre-salt fields in Brazil. According to […]

Petrobras’ workers announce open-ended strike action

Workers at Brazil’s largest oil company have announced an open-ended strike action. Petrobras’ employers plan to begin the protest against the state-owned firm on Friday. In a statement, the union known as Federação Única dos Petroleiros (FUP) stated the protest is against the company’s new business plans. It added: “It represents impacts across the country such […]

Brazil confirms successful bids for oil exploration rights

A handful of the world’s largest oil firms have won the rights to explore the biggest oil field in Brazil. The group made up of Anglo-Dutch oil firm Shell, Brazil’s state-run Petrobras, France’s Total and China’s CNOOC and CNPC made the only bid in the auction at the Rio de Janeiro hotel. The hotel was […]

Eleven companies register for Brazil’s oil auction

Brazil’s National Petroleum Agency (ANP) has announced that 11 oil companies have registered for the auction of the Libra oil field – one of the world’s largest offshore oil discoveries – although some of the world’s biggest firms have backed out according to reports. The list of companies which stumped up the 2 million Brazilian […]