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Petrobras audits did not hint at graft: Former chair

Regular audits of Petrobras gave no hint of the massive corruption scandal now engulfing the Brazilian state oil giant, its former chair said Thursday.

Petrobras and Videocon JVfind more oil in Brazil

Brazil`s state-run oil company Petroleo Brasileiro SA and its Indian partners have found more light crude oil in the Sergipe Basin off Brazil`s Northeast coast, according to a securities filing on Thursday.

Oil discovery in BPCL-Videocon block in Brazil

The state-owned firm has confirmed excellent productivity of good quality crude following a drilling test.

Brazil discovers large oil deposit

The reserve could yield nearly a billion barrels of crude, representing one of the world's largest finds of its kind in 2013, Xinhua cited the company as saying Friday.

Brazil oil giant Petrobras to invest $236.7 bn

About 62 percent of the funds (USD 147.5 billion) will be allocated for exploration and production; 27 percent (USD 64.8 billion) for refining, transportation and distribution; and 4 percent (USD 9.9 billion) for the gas and energy segments.

Brazil to auction new oil blocks in 2013

Brazil is planning an auction of new oil and gas exploration and production blocks for May 2013, although that long-delayed round will depend on prior approval of a new regulatory framework, Mines and Energy Minister Edison Lobao said.