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Stories for May 5th 2015

• Tuesday, May 5th 2015 - 06:34 UTC

  Brazil pledges rule changes to make oil exploration and production concessions more dynamic

  

  Brazil's government is discussing changes to its oil regulations but any new rules will not be in place before an October auction of exploration and production concessions, the country's energy minister Eduardo Braga said on Monday.

• Tuesday, May 5th 2015 - 06:19 UTC

  Petrobras sets record for exploratory drilling in water depth of 3.000 meters

  

  Petrobras has set a new Brazilian record for exploratory drilling by reaching a water depth of nearly 3,000 meters, the state-controlled oil giant said. The 3-BRSA-1296-SES well was drilled to a water depth of 2,988 meters - eight meters more than the 3-SES-184 well Petrobras drilled in February in that same basin - and a total depth of 6,060 meters.