Tag: light oil

• Thursday, August 30th 2012 - 05:04 UTC

  Mexico strikes light crude oil in deep water deposits; boost for Pemex morale

  

  Mexico’s state oil company Pemex has made a new light crude oil find in the Gulf of Mexico, President Felipe Calderon said on Wednesday, the first such discovery in the country's push to exploit deep water deposits and boost output.

• Tuesday, August 14th 2012 - 23:23 UTC

  Petrobras says it struck light oil in deep waters offshore Sao Paulo state

  

  Brazil's state-managed energy giant Petrobras confirmed the presence of significant quantities of light oil in deep waters off the country's south-eastern coast. Petrobras said in a statement released late Monday that the high-grade oil was in the Carcara well, located 230 kilometres off the coast of the Sao Paulo state, in the BM-S-8 block.