MIAMI, March 25 (UPI) -- Tens of thousands of Brazilian oil workers have walked off the job as part of a five-day strike over unsafe work conditions and recent wage cuts that came as a result of falling global oil prices.

MIAMI, Feb. 5 (UPI) -- The Brazilian government appears eager to approve new oil legislation in the coming months in order to begin exploration of offshore oil reserves believed to hold up to 70 billion barrels.

Bolivia nationalizes its energy company; Petrobras will invest billions more in pre-salt exploration; CNPC expands its global business

MIAMI, Aug. 13 (UPI) -- Brazil has discovered yet another offshore oil field, this time a light-crude find neighboring the 5 billion to 8 billion barrel Tupi oil field discovered last year.

MIAMI, Jan. 16 (UPI) -- Brazil has signed a deal with Cuba to begin exploring its potentially oil-rich waters in the Gulf of Mexico in exchange for a multimillion-dollar aid program.

RIO DE JANEIRO, Nov. 7 (UPI) -- Brazil's state-run Petrobras plans to invest in Bolivia's natural gas.

RIO DE JANEIRO, Feb. 10 (UPI) -- Brazil's new government has impressed markets with its fiscal austerity, but analysts remain cautious on certain fronts. That's nowhere more true than the direction of state-run oil giant Petrobras, especially in light of a potential war in Iraq.

RIO DE JANEIRO, Jan. 23 (UPI) -- Winning sessions were scarce this week for Latin American stock markets, despite Argentina's temporary salvation courtesy of the International Monetary Fund and continuing moderate signals from Brazil's government. The biggest culprit may be what is worry