Brazil’s Oil Union Strikes over Asset Sales, Slashed Investments
Monday, 2nd November 2015
Brazil's oil-workers' union began a strike on November 1, protesting asset sales and cuts in investment on the part of Petroleo Brasileiro SA, the nation's state-owned oil company, which is seeking to reduce its enormous debt load, according to Bloomberg.
Brazil Reconsidering Role of Foreign Firms in Deepwater
Tuesday, 14th April 2015
There’s a growing chorus of lawmakers advocating a bigger role for foreign oil companies in Brazil’s prized deepwater discoveries as the national producer grapples with the industry’s biggest debt load and funding constraints.