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Petrobras plans to cut 12,000 jobs

2016-04-04 01:00:00| Offshore Technology

Brazil's state-run oil company Petroleo Brasileiro (Petrobras) reportedly plans to cut around 12,000 jobs as part of its voluntary dismissal programme at a cost of $1.2bn.

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Brazil's Petrobras to axe 12,000 jobs

2016-04-01 16:54:08| BBC News | Business | UK Edition

Brazil's state-run oil producer, Petrobras, is to cut 12,000 jobs as it struggles to save money following a bribery and price-fixing scandal.

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Brazil's federal police launches new raid in Petrobras case

2016-03-22 16:08:09| Oil & Gas - Topix.net

Brazilian federal police were seeking to arrest 15 people on Tuesday as part of the corruption investigation centered on state-run oil producer Petroleo Brasileiro SA, police said. Tuesday's operation, codenamed "Xepa", uncovered a bribe-payment scheme led by engineering conglomerate Odebrecht SA, police said in a statement.

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Petrobras posts $10bn quarterly loss

2016-03-22 01:37:47| BBC News | Business | UK Edition

Brazil's Petrobras, which is at the centre of a major corruption scandal, posts its biggest ever quarterly loss due to the plunge in oil prices.

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Petrobras halts production at P-48 platform after fire

2016-03-18 01:00:00| Offshore Technology

Brazilian oil company Petrobras has suspended production after its P-48 floating production, storage and offloading (FPSO) platform caught fire.

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