Worst Petrobras Strike in 20 Years Hurts Brazil Oil Output

“It’s like the unions are saying, ‘Hey, Petrobras is in intensive care. Let’s pull the plug!’” Pires said. Members of Brazil’s national oilworkers federation said on Wednesday that Petrobras was underestimating… http://www.reuters.com/article/2015/11/05/us-brazil-petrobras-strike-idUSKCN0ST36R20151105#R2uu1Rl3QwxPBxLd.97

Brazil on the Bench

The Gist: Brazil’s National Petroleum Agency sells only 37 of 266 onshore and offshore blocks. Major players sat out. Related Stories: Why Petrobras is Missing from the Recent Brazil Oil Auction Petrobras and Majors Sit Out Worst Brazil Oil Round in Decade Alvopetro Announces Strategic Partnership With ENGIE and Successful Bids at Brazil’s 13th Bid Round