US-based Era Group鈥檚 Brazilian joint venture Aeróleo Taxi Aero received notification from Petroleo Brasileiro (Petrobras) that Petrobras will cancel the ongoing tender process for heavy and medium helicopters, leaving the helicopter with a potential workforce reduction鈥
Brazil will lead global growth in the floating production, storage and offloading vessel (FPSO) industry despite the country鈥檚 national oil company, Petrobras, recently facing allegations of corruption, says research and consulting firm GlobalData鈥
Norwegian authorities performed a search and seizure of Sevan Drilling鈥檚 offices last week, after corrupt activities between Sevan Drilling and Brazil鈥檚 Petróleo Brasileiro (Petrobras) were exposed in an independent external review conducted by Sevan Marine鈥
Petrobras has further revised down its investment plans for 2015 and 2016, opting to cut US$3 billion in spending in 2015, and $8 billion in 2016, the Brazilian state-owned firm announced on 5 October. In June, embattled operator approved a new five-year investment plan for 2015-2019鈥
Petrobras announced a further hydrocarbon discovery at the giant pre-salt Libra field in the Santos basin, offshore Brazil. The Brazilian national said that well 3-BRSA-1310-RJS, in the central portion of the block, identified the presence of hydrocarbons in a low-porosity reservoir鈥
Brazil鈥檚 Petróleo Brasileiro (Petrobras) discovered high-quality light oil potential at the third well in the Carcará pre-salt discovery area offshore São Paulo. Carcará map. From Petrobras. The third well鈥
Brazil will need to drill around 300 development wells in deepwater in order to sustain and reach its production target. Douglas Westwood鈥檚 Mark Adeosun takes a look at what is at stake. The Cidade鈥
A hike in Petróleo Brasileiro鈥檚 (Petrobras) average production in oil and natural gas, in addition to pre-salt for the month of August set historic records for the Brazilian giant. Oil. Image from Petrobras鈥
Global rig provider Transocean is the latest to be named in the Petroleo Brasileiro SA (Petrobras) corruption scandal Lava Jato, after a Petrobras former executive testified to receiving payments from a Transocean representative. The Sedco Express鈥
Amidst its international corruption investigation, Petrobras terminated its US$1.6 billion contract with Vantage Drilling for the use of the Titanium Explorer ultra deepwater drillship citing a breach in Vantage鈥檚 obligations under the contract鈥
The 鈥淟ava Jato鈥 scandal, which US-based global energy law firm Mayer Brown is calling the 鈥渓argest corruption investigation in the world,鈥 has taken an economic toll on Petroleo Brasileiro SA (Petrobras), and is creating several business opportunities鈥
The Petroleo Brasileiro SA (Petrobras) Lava Jato scandal is in the forefront once again as the Brazil state-run company confirmed the findings of contract irregularities; convictions were handed down to three former executives in connection with the scandal鈥
Petrobras has begun production at the Iracema Norte development, in the Lula field of the pre-salt Santos basin, just less than 30 days after the FPSO Cidade de Itaguaí arrived at the field, the Brazilian national confirmed on 31 July. Cidade de Itaguaí鈥
Brazilian prosecutors presented formal charges against Marcelo Odebrecht, CEO of Brazil's largest construction firm Odebrecht SA; Otavio Marques Azevedo, CEO of Andrade Gutierrez; and 20 others on Friday 24 July with charges of corruption鈥
Embattled Brazilian state-owned energy firm Petrobras has approved a new five-year investment plan for 2015-2019, which slashes total investments by 41% from last year鈥檚 estimates, the company announced on 29 June. Last year, the company announced it planned a total capex of US$220鈥
