Petrobras Reaches Agreement with Workers to End Strike

The Oil and Gas industry is commonly divided into the three major sectors: Upstream, which includes oil and gas exploration and production;

Union workers at Phillips 66’s 285,000-barrel-per-day Bayway refinery in Linden, NJ, voted against a three-year contract on Friday evening, raising the chances of a strike or lockout at the largest petrochemical complex on the U.S. East Coast.

Brazil’s state-run oil company Petroleo Brasileiro SA, or Petrobras, said on Friday it had launched the binding phase for the sale of Gabriel Passos Refinery, known as REGAP, according to a securities filing.

The United States on Thursday temporarily blocked a creditor seizure of Citgo, a win for political leaders in Venezuela struggling to retain control over the U.S. refiner owned by the chaotic South American nation.

Brazil’s state-controlled oil company Petrobras said on Tuesday it has signed a deal with local antitrust regulator CADE regarding the proposed sale of some of its refineries.

French energy major Total has postponed the restart of a distillation unit at its 220,000-barrel-per-day Donges Refinery until Friday due to a nationwide strike over planned pensions reform, the company said on Wednesday.