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  • Petrobras returns pre-salt block

    Brazil's state-run oil company Petrobras (NYSE: PBR) has returned its first pre-salt block to regulator ANP. The Rio de Janeiro-based firm ceded the rights to develop the BM-S-10 block after appraisal drilling found hydrocarbon...

  • Petrobras rig shut down until mid-April

    A damaged offshore rig under contract by Brazil's state-run oil company Petrobras (NYSE: PBR) will remain idle until at least mid-April, according to the vessel's owner, Noble Corp. Crew aboard the Paul Wolff SS-33 semi-submersi...