Related Articles
Company profile
Forward article link
Share PDF with colleagues

Trying to right the Petrobras ship

Brazil's oil major is on the course of recovery, but has a long way to go

The one-two punch of the multi-billion dollar Lavo Jato (Carwash) corruption scandal followed by a collapse in the oil price was punishing for Petrobras, leaving the company's reputation and balance sheet in tatters. The task of putting it all back together and delivering its promise of world-beating production growth has fallen to new chief executive Pedro Parente. It's a monumental ask, but the company might have put the worst behind it. Start with the upstream business, where the company's fortunes ultimately lie. After years of disappointingly stalled output, Petrobras is at last starting to reap the gains from years of heavy investment in its pre-salt oilfields. Three new floating, pro

Also in this section
Energy Web Atlas Partners with Stanford University’s Natural Gas Initiative to Leverage LNG Real-Time Global Project Information
12 April 2018
Gulf Publishing Company, a leading provider of data and technical information for the global energy industry, announced today that Energy Web Atlas (EWA) has entered into a partnership with Stanford University’s Natural Gas Initiative (NGI). EWA is a platform that allows users to examine real-time natural gas project information.
KPC—outside the political bubble
3 April 2018
Kuwait Petroleum Corporation is expanding its global footprint as it targets increased domestic oil and gas capacity
Adnoc opens up
28 March 2018
The company now faces a group-wide transformation