Tag: Brazilian oil

• Monday, November 25th 2019 - 09:46 UTC

  Brazilian oil spill keeps advancing and has reached the north of Rio do Janeiro state

  

  Oil from a spill that has contaminated a stretch of Brazil's coast was detected in Rio de Janeiro state, the navy said over the weekend, as President Jair Bolsonaro warned the country was preparing for the worst.

• Friday, May 10th 2019 - 09:11 UTC

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

  

  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

  

  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

  

  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

  

  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 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%.