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Brazil debates economic cost of corruption investigation
Brazil debates economic cost of corruption investigation

Brazil's former president Luiz Inacio Lula da Silva is warning that the Petrobras corruption probe is paralyzing the Brazilian economy.

Brazil debates economic cost of corruption investigation
©Reuters/Sergio Moraes
Chinese oil firms, Europe's giants win Brazil auction

China's CNOOC and CNPC, Anglo-Dutch giant Royal Dutch Shell and France's Total joined Brazilian state operator Petrobras on Monday in winning production rights to the huge "Libra" Atlantic oilfield.

Chinese oil firms, Europe's giants win Brazil auction
©Reuters/Sergio Moraes
Brazil's Petrobras announces new oil find

Brazil's oil giant Petrobras announced a new crude find Friday off the country's northeastern coast.

Brazil's Petrobras announces new oil find
Brazil leader accuses US of spying for 'economic' interests
Brazil leader accuses US of spying for 'economic' interests

Brazil President Dilma Rousseff Monday accused the United States of spying on oil giant Petrobras for its own "economic and strategic" reasons -- not for national security.

Brazil leader accuses US of spying for 'economic' interests
©REUTERS/Sergio Moraes
US spied on Brazil's Petrobras oil firm: report

The US government spied on Brazilian state-run oil giant Petrobras.

US spied on Brazil's Petrobras oil firm: report
Petrobras aims to triple Brazil's offshore oil output
Petrobras aims to triple Brazil's offshore oil output

Brazil's state-run energy giant Petrobras said Tuesday it aims to triple oil production from its huge deep-water fields by 2017.

Petrobras aims to triple Brazil's offshore oil output
Photo courtesy of gcapitain.com
Brazil to deploy world's first floating oil terminal

Brazil's state-owned energy giant Petrobras said Tuesday it will deploy the world's first floating oil terminal capable of refueling tankers on the high seas.

Brazil to deploy world's first floating oil terminal

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