The CEO of Brazil's state-owned oil company Petrobras, who has stayed in his post despite being fired by Jair Bolsonaro in May, resigned Monday after a new fuel price hike that enraged the far-right president.
Brazilian President Jair Bolsonaro decided on Monday to change the president of state-owned Petrobras, Joaquim Silva e Luna, amid strong pressure due to recurrent increases in fuel prices.
12 Jul 2018
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has sent a warning signal to investors against purchasing of any assets from an oil firm, Petrobras Nigeria Limited, over alleged anti-labour practices. PENGASSAN alleged that the company has been involved in anti-union practices such as severance of workers without due process, refusal to…
10 Jan 2018
The perennial fuel scarcity in Nigeria was once described by a reputable international journal as the wonder of modern times, which indeed is a fair assessment...
8 Dec 2017
Total Upstream Nigeria Limited (TUPNI), operators of the Egina field has said the $16billion project is expected to be completed in before year end...
29 Jul 2016
Former Brazilian president Luiz Inacio Lula da Silva will stand trial on charges that he attempted to obstruct a giant corruption probe at Petrobras oil company, officials said Friday.