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Montevideo, July 16th 2019 - 10:31 UTC

Tag: Brazilian oil

  • Friday, May 10th 2019 - 09:11 UTC

    Shell to invest US$ 2bn annually in Brazil until 2025

    Shell will not focus its operations and investments only in the oil sector, and will pursue opportunities in natural gas, biofuels, and solar energy, van Beurden said

    Shell plans to invest as much as US$2 billion annually in its Brazilian operations by 2025, Shell’s chief executive officer Ben van Beurden told Brazilian business daily Valor Economico in an exclusive interview published on Thursday.

  • Monday, May 6th 2019 - 09:30 UTC

    Petrobras oil production fell 3.5% during the first quarter compared to a year ago

    The fall in production, to roughly 2.4 million boe/d, comes even as Petrobras initiated operations at three platforms in March in Brazil’s offshore

    Petrobras oil production fell 3.5% in the first quarter from the same period a year before, according to Brazil’s oil regulator ANP, which attributed the fall to a number of scheduled and unscheduled stoppages.

  • Friday, April 19th 2019 - 09:29 UTC

    Brazil to put up new pre-salt oil blocks for auction in October

    The blocks, in the pre-salt zone off the Brazilian coast, are part of an area the government awarded for exploration and development to Petrobras a decade ago

    Brazil will hold an offshore oil deposit auction in October featuring blocks that were the object of a long-running dispute with state energy giant Petrobras. Reuters reports, citing Economy Minister Paulo Guedes, that participants in the auction will need to cough up a signing bonus of a total US$26.9 billion for the four blocks.

  • Friday, June 22nd 2018 - 09:10 UTC

    Petrobras loses massive wage dispute, which could cost US$ 4.5 billion

    The head of the Superior Labor Court, Brito Pereira, had to vote to untie the ruling, which had 13 labor judges voting for the employees and 12 for the company

    Brazil’s top labor court on Thursday ruled in favor of workers at Petrobras in a wage dispute that could cost the world’s most indebted oil company up to 17 billion Reais (US$ 4.5 billion). Petrobras may still appeal the Superior Labor Court’s ruling in the case, brought by oil workers seeking more pay.

  • Wednesday, December 27th 2017 - 10:44 UTC

    Brazil is the world's ninth largest producer of hydrocarbons

    Brazil has produced 3.3 million barrels per day (b/d) of hydrocarbons so far in 2017, according to data through August, up from 3.2 million b/d in 2016

    Brazil has produced 3.3 million barrels per day (b/d) of petroleum and other liquids so far in 2017, according to data through August, up from 3.2 million b/d in 2016, making it the ninth-largest producer of petroleum and other liquids in the world. Production of crude oil in Brazil increased in recent years as producers targeted large, offshore, pre-salt oil deposits. Brazil’s pre-salt oil production in 2016 reached a record 1.02 million b/d, surpassing the 2015 production level by 33%.