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Keyword: petrobrasstrike

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  • Worst Petrobras strike in 20 years hurts Brazil oil output

    11/05/2015 5:17:41 AM PST · by thackney · 7 replies
    Reuters ^ | Nov 4, 2015 | Jeb Blount
    A four-day strike at Petrobras gathered steam on Wednesday, cutting crude and natural gas output from the No. 2 South American oil producer and threatening to become the most disruptive walkout at the state-run oil company in 20 years. On Wednesday, Petroleo Brasileiro SA, as Petrobras is formally known, said in a securities filing late Wednesday that oil output in Brazil was about 140,000 barrels a day, or 6.5 percent below pre-strike levels of about 2.1 million barrels a day. Using contingency plans management restored production that was cut by as much as 273,000 barrels a day, or 13 percent...