Petrobras

Luis Inácio Lula da Silva, the 77-year-old leftist icon and former president of Brazil from 2003 to 2010, secured a return to the country’s top job on Sunday, narrowly defeating incumbent Jair Bolsonaro in a bitterly contested presidential runoff election. The victory by da Silva, known to supporters and detractors alike simply as Lula, marks…

Petróleo Brasileiro SA (Petrobras) said on Monday it will allow prices indexed to Henry Hub to be used in the sale of natural gas to distributors. The move is part of an ongoing gas market reform spurred by new legislation opening the midstream and downstream segments to new players. Inspired by the “prospect of a…

National oil companies (NOC) across the world plan to cut exploration budgets by more than a quarter on average in 2020, according to new research by Wood Mackenzie.

A major contraction is underway across North America’s natural gas and oil industry from Covid-19 and unyielding commodity prices, and operators are responding in every way possible to sow the seeds of an eventual recovery.

A major contraction is underway across North America’s natural gas and oil industry from Covid-19 and unyielding commodity prices, and operators are responding in every way possible to sow the seeds of an eventual recovery.

CEO Roberto Castello Branco of Brazil’s Petroleo Brasileiro SA (Petrobras) at his recent swearing-in ceremony said the state-owned energy giant needs to divest natural gas assets and end its domination of the gas supply chain to increase the number of participants in the market.

Murphy Oil Corp. has formed a pact with a unit of Brazil’s Petróleo Brasileiro SA, aka Petrobras, to build a substantial outpost in the U.S. Gulf of Mexico (GOM).