
Brazilian state-run oil firm Petrobras said it has asked to withdraw its participation in a program certifying good governance and limited political interference in state companies set up by the Sao Paulo stock exchange.

Brazil has decided to stay out of OPEC for the time being as it seeks to expand its oil production, according to media reports quoting energy minister Bento Albuquerque. “The idea is just to increase our production and to participate more in the international oil and gas market,” Albuquerque said in an interview.

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.