MercoPress, en Español

Montevideo, September 19th 2018 - 01:39 UTC

Tag: Brazilian oil

  • Friday, June 22nd 2018 - 09:10 UTC

    Petrobras loses massive wage dispute, which could cost US$ 4.5 billion

    The head of the Superior Labor Court, Brito Pereira, had to vote to untie the ruling, which had 13 labor judges voting for the employees and 12 for the company

    Brazil’s top labor court on Thursday ruled in favor of workers at Petrobras in a wage dispute that could cost the world’s most indebted oil company up to 17 billion Reais (US$ 4.5 billion). Petrobras may still appeal the Superior Labor Court’s ruling in the case, brought by oil workers seeking more pay.

  • Wednesday, December 27th 2017 - 10:44 UTC

    Brazil is the world's ninth largest producer of hydrocarbons

    Brazil has produced 3.3 million barrels per day (b/d) of hydrocarbons so far in 2017, according to data through August, up from 3.2 million b/d in 2016

    Brazil has produced 3.3 million barrels per day (b/d) of petroleum and other liquids so far in 2017, according to data through August, up from 3.2 million b/d in 2016, making it the ninth-largest producer of petroleum and other liquids in the world. Production of crude oil in Brazil increased in recent years as producers targeted large, offshore, pre-salt oil deposits. Brazil’s pre-salt oil production in 2016 reached a record 1.02 million b/d, surpassing the 2015 production level by 33%.