Three Petrobras Workers Die After Offshore Explosion – TheStreet.com

Three workers died of burn injuries received after a Petroleo Brasileiro SA (PBR) offshore drill rig explosion Friday, the Wall Street Journal reported.

The Brazilian state-run oil company's unions said the accident, which is the worst since 2015, is proof that recent layoffs and cost cuts aimed at reducing Petrobras' heavy debt load have impacted safety.

Petrobras hasn't commented on the cause of the explosion. A commission has been formed to investigate.

Petrobras stock traded down over 1% in early afternoon trading.

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Three Petrobras Workers Die After Offshore Explosion - TheStreet.com