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MercoPress, en Español

Montevideo, May 27th 2025 - 17:05 UTC

Tag: Petrobras

  • Monday, May 12th 2025 - 10:04 UTC

    Petrobras strikes high-quality oil in Santos Basin Pre-Salt Aram block

    The exploratory well in the Aram block, is located 248 kilometers off the Santos coast, at a water depth of 1,952 meters

    Petrobras has announced a new oil discovery in the pre-salt Santos Basin, identifying “high-quality oil without contaminants” at the 3-BRSA-1396D-SPS exploratory well in the Aram block, located 248 kilometers off the coast of Santos, at a water depth of 1,952 meters

  • Tuesday, April 22nd 2025 - 10:20 UTC

    At least 14 injured in Petrobras offshore platform incident

    The platform was not profucing any oil at the time of the incident

    At least 14 people were injured when a fire broke out on Petrobras' Platform PCH-1 (Cherne 1) in the Campos Basin, off the coast of Macaé, Rio de Janeiro. One worker was initially reported injured after falling into the sea, but the company later admitted that 13 others had also been affected. The rescued worker is stable, and the others are receiving medical care.

  • Monday, April 7th 2025 - 10:35 UTC

    Brazil receives UN approval to expand northern continental shelf to 350 miles

    Known as the Equatorial Margin, the area spans 360,000 square kilometers, and has been surveyed for presentation by the Brazilian Navy and Petrobras

    The United Nations Commission on the Limits of the Continental Shelf has recognized a new area of the Atlantic Ocean’s northern seabed and subsoil as belonging to Brazil, covering dimensions equivalent to the size of Germany. Previously, this region was not under any country’s jurisdiction.

  • Thursday, February 27th 2025 - 10:29 UTC

    Petrobras' 2024 profits below those attained the year before

    The exchange rate variation impacted negatively on the company's performance

    Brazil's State-owned oil company Petrobras activities yielded R$36.6 billion (US$7.5 billion) in profits last year, according to a report released Wednesday in Brasilia. However, these figures are below 2023's performance, when the company recorded a net profit of R$124.6 billion (US$24.9 billion), the exchange rate variation in debts between Petrobras and its subsidiaries abroad playing a key role in these results.

  • Tuesday, February 25th 2025 - 15:20 UTC

    Petrobras orders four homebuilt tankers

    Brazil's shipbuilding industry hopes to bounce back with this agreement

    Brazil's State-run oil company Petrobras and its subsidiary Transpetro Monday signed a contract for the building of four Handy-class tankers, each costing US$ 69.5 million, with a total investment of US$ 278 million. The new ships will become a part of Petrobras' Fleet Renewal and Expansion Program. The ceremony in Rio Grande do Sul was attended by President Luiz Inácio Lula da Silva, Vice-President Geraldo Alckmin, and other officials.

  • Tuesday, February 25th 2025 - 10:42 UTC

    Fossil fuels will finance Brazil's energy transformation, Lula says

    As long as people cannot do without fossil fuels they shall remain necessary, Lula argued

    Brazilian President Luiz Inácio Lula da Silva pointed out that his country would rely on fossil fuels to finance the transition to clean energy. He made those remarks during a contract signing ceremony with Transpetro and oil companies Rio Grande and Mac Laren.

  • Monday, February 17th 2025 - 10:19 UTC

    Brazil: Offshore oil platform begins pre-salt operations

    This platform has state-of-the-art technology to produce more with less environmental impact, Silveira said

    Brazilian authorities announced Saturday that the Almirante Tamandaré (Búzios 7) offshore oil production platform, the largest in the country, began operating in the Búzios Field, in the Santos Basin, around 180 kilometers off Rio de Janeiro. The platform ship can process up to 225,000 barrels of oil and 12 million cubic meters of natural gas per day.

  • Thursday, November 21st 2024 - 10:21 UTC

    Petrobras to spend US$ 111 billion in five years to consolidate as South America’s top oil and gas producer

    US$ 77 billion of the total is earmarked for oil and gas exploration and production activities

    Brazil’s oil and gas giant, Petrobras plans to spend US$ 111 billion in the five years between 2025 and 2029, with US$ 77 billion of this total earmarked for oil and gas exploration and production activities, according to a securities filing, and making the country South America’s main oil and gas producer.

  • Tuesday, November 19th 2024 - 09:19 UTC

    Brazil increasingly dependent on oil exports and energy production

    “We have reached the milestone of crude oil becoming Brazil’s top export, surpassing soybean meal, agribusiness, mining, and iron exports, said CEO Chambriand

    Crude oil has become Brazil’s main export product surpassing agribusiness and mining, according to the country’s hydrocarbons company Petrobras CEO Magda Chambriard. Brazil is not also becoming highly dependent on oil exports but also in energy generation.

  • Monday, September 30th 2024 - 09:47 UTC

    Bolivia stops gas sales to Argentina, shifts toward Brazil

    The western Brazilian market is a Bolivian gas market, Dorgathen explained

    After terminating the supply to Argentina, Bolivia will up its gas pumping towards Brazil according to an agreement between YPFB and Petrobras. Buenos Aires announced it would no longer be needing Bolivian gas since Vaca Muerta, the second-largest reserve in the world and the fourth-largest oil reserve, guarantees the supply for its domestic market.

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