Oil workers union strike hurt production, Brazil’s Petrobras says

Will Connors – The Wall Street Journal, 11/3/2015

Turmoil at Brazil’s state-run oil company Petroleo Brasileiro SA deepened late Tuesday, as the company said a strike by Brazil’s biggest oil workers union stopped a significant amount of oil and gas production, and that the company’s alternate board chairman was stepping down just two months after his appointment.

Petrobras said that the strike affected 13% of the company’s daily oil production and 14% of the company’s daily natural gas production on Monday. The strike affected 273,000 barrels of oil production and 7.3 million cubic meters of natural gas production, the company said.

The Oil Workers Federation, or FUP, began the strike on Sunday to protest a series of asset sales by Petrobras after the union held more than three months of negotiations with the company. The FUP represents platform and refinery workers, among others.

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