The chairman of Petroleo Brasileiro SA Petrobras steps down from his position to focus on other priorities. According to the recent news, the CEO and a well renowned person of Vale SA, Murilo Ferreira, has stepped back from his position of…

The nationwide strike started by the FUP to block the company's assets is costing the company. Brazil nationwide main oil union puts the work on halt on Sunday to stop state-controlled Petroleo Brasileiro SA from cutting down their investm…

The article takes a look at why Petrobras has cut expenditure on chauffeured cars, parties, other benefits to save $12 billion by 2019. Petroleo Brasileiro Petrobras is planning to reduce its corporate expenses by almost $12 billion, by th…