The Dutch company SBM Offshore has been awarded a much-coveted long-term FPSO contract by Petrobras, it was announced Wednesday.
Swiss investigators have executed search warrants at addresses linked to Vitol and Trafigura, their counterparts in Brazil said on Thursday, as a sprawling probe into the global commodity trading industry intensifies.
Argentine oil company YPF SA has sold its first commercial liquefied natural gas (LNG) cargo to Brazilian state energy firm Petrobras, according to media reports in Buenos Aires.
Brazil's auction of drilling rights to four deep-sea oil fields raised a disappointing US$17 billion on Wednesday, officials said, well short of expectations for the highly-anticipated mega sale.
Oil spills washing up on beaches along more than 2,000 kilometers of Brazil’s northeast coastline could be the worst environmental “attack” in the country’s history, the CEO of Petrobras said on Tuesday.
Brazilian police conducted raids on Wednesday in a new phase of the “Car Wash” corruption investigation, targeting alleged bribery by Italo-Argentine group Techint to secure contracts from state-run oil firm Petrobras.
Brazil has collected more 600 tons of oil from its northeastern beaches since Sept. 12, the government said, more than double an estimate of oil and sand collected by state-run oil company Petrobras.
A huge oil spill off Brazil's northeastern coast may have involved a “ghost ship” carrying Venezuelan oil in breach of US sanctions, a Petrobras expert close to the probe into the disaster said on Tuesday.
Brazil expects to pocket some US$ 1.45 billion from the sixth round of oil and gas block licensing for the pre-salt zone offshore. Reuters reports, citing the special secretary to the Economy Ministry, Waldery Rodriguez, that the total minimum sum of signing bonuses for all the blocks that will be tendered on November 7th is US$ 1.9 billion.
Large blots of oil that have turned up on more than 130 Brazilian beaches are “very probably” of Venezuelan origin, Brazil's environment minister said on Wednesday. The oil began appearing in early September and has been seen along a 2,000-kilometre stretch of the northeastern Atlantic coast - with around 130 tons of oil residue collected by Monday.