Petrobras scrambles diesel armada from India after refinery fire

HOUSTON/NEW DELHI: Brazil's state-run Petrobras has booked extra cargoes of fuel from India, most of it diesel, market sources said on Friday, after a fire two weeks ago shut down its fifth-largest refinery.

Petrobras Debt Crunch Buoys Exxon’s Prospects in Brazil: Energy

Petroleo Brasileiro SA (PETR4)’s worst debt position in a decade is boosting chances the Brazilian oil company will step aside and let Exxon Mobil Corp. (XOM) and Royal Dutch Shell Plc (RDSA) buy offshore exploration licenses in Latin America’s biggest auction this year.

Exclusive: Chevron, Transocean agree to change offshore Brazil procedures

RIO DE JANEIRO (Reuters) - Chevron Corp and Transocean Ltd have agreed to change offshore safety and operating procedures as part of a lawsuit seeking nearly $20 billion in damages from the companies for a November 2011 oil spill, Brazilian public prosecutors told Reuters on Friday.

Chevron appeals Brazil ban, seeks oil field restart

RIO DE JANEIRO (Reuters) - Chevron , the No. 2 U.S. oil company, has appealed against an injunction banning it and its drilling contractor Transocean Ltd from operating in Brazil while civil and criminal charges over an oil spill last November are judged.

Brazil to charge Chevron executives over fresh oil leak

Brazilian prosecutors say they will bring criminal charges against 17 executives from the US oil company Chevron and drilling contractor Transocean after a new leak of crude.

End of ethanol subsidy will raise the price of gas

Gasoline could cost 4.5 cents a gallon more starting as early as this week, and it's not because of rising oil prices.

Obama plans for energy security

PRESIDENT Barack Obama is calling for the United States to reduce its oil imports by one third by 2025.

Facing pressure to curb rising fuel prices, President Obama outlined the lofty but difficult goal.

The White House said Obama will seek to reduce the US dependence on foreign oil by boosting domestic energy production, increasing the use of biofuels and natural gas, and making cars and trucks more fuel-efficient.