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MercoPress, en Español

Montevideo, November 17th 2024 - 11:21 UTC

Tag: Petrobras

  • 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.

  • Tuesday, August 6th 2024 - 10:39 UTC

    Petrobras finds gas in the Colombian Caribbean and sets eyes on Namibia's potential

    The consortium made up of Petrobras and Ecopetrol will continue operations to complete the project and carry out a formation test by the end of 2024.

    Brazil's oil giant has reported the discovery of a significant gas resource from a well drilled off shore Colombia in the Caribbean. The Uchuva 2 well is some 32 kilometers from the coast at a depth of 804 meters. This new drill is considered an extension of a natural gas field drilled at the Uchuva 1 well back in 2022, at a depth of 830 meters.

  • Thursday, August 1st 2024 - 23:00 UTC

    Petrobras increases yoy output in 2Q of 2024

    A milestone for Petrobras milestones in this quarter was the arrival of the Marechal Duque de Caxias FPSO vessel platform

    Brazil's State-run company Petrobras posted this week a 2.4% interannual increase in oil and natural gas output in the second quarter of 2024, with 2.7 million barrels of oil equivalent per day (boed) thanks to improving performances at five sea platforms and 12 wells, eight of them in the Campos Basin and four in the Santos one. However, compared to this year's first quarter of this year, average production fell 2.8% due to maintenance shutdowns and the natural decline of mature fields.

  • Wednesday, July 10th 2024 - 08:56 UTC

    Petrobras subsidiary seeks to expand logistics capabilities

    Petrobras aims to be less dependent on third-party carriers

    Transpetro, a subsidiary of Brazil's State-run oil company Petrobras launched a tender this week for the construction of four vessels for the transport of fuels such as gasoline, Agencia Brasil reported. The winning shipyard is to be announced by the end of this year.

  • Thursday, June 20th 2024 - 10:55 UTC

    Petrobras CEO says oil will lead Brazil's energy transition

    Chambriard has already been in charge of the company since late May when she replaced Jean-Paul Prates

    Despite being de-facto the new CEO of Brazil's state-run oil company Petrobras for a while, Magda Chambriard took her oath of office Wednesday during a ceremony in Rio de Janeiro, Agencia Brfasil reported. In her speech at the event attended among others by President Luiz Inácio Lula da Silva, Chambriard insisted that oil would lead the way into energy transition progressively reducing carbon emissions and zeroing them by 2050.

  • Friday, June 14th 2024 - 21:18 UTC

    Petrobras CEO regrets time spent without exploring Equatorial Margin

    ”I took part in the discovery of the pre-salt,” Chambriard had noted on her first day as CEO

    Petrobras' newly appointed CEO Magda Chambriard said this week that Brazil's state-run oil company “lost 10 years” by not exploring an area known as the new “pre-salt” and criticized the Brazilian Institute for the Environment and Renewable Natural Resources (Ibama) for the delay in authorizing oil explorations in the so-called Equatorial Margin, Agencia Brasil reported.

  • Tuesday, May 28th 2024 - 14:01 UTC

    Petrobras' new CEO upholds current pricing policy

    The goal is to be profitable while remaining sustainable, Chambriard explained three days after taking over as CEO of Petrobras

    The new CEO of Brazil's State-run oil company Petrobras Monday defended during a press conference the company's current pricing policies to preserve domestic market stability, Agência Brasil reported. Magda Chambriard had been on her post three days after a reshuffle ordered by President Luiz Inácio Lula da Silva.

  • Wednesday, May 15th 2024 - 19:54 UTC

    Petrobras' shares plummet after Prates' departure from CEO post

    Prates said he was happy having averted full privatization rumors shadowing Petrobras

    Brazilian President Luiz Inácio Lula da Silva's decision to have Jean-Paul Prates removed as CEO of the State-run oil company Petrobras resulted in shares dropping more than 8% at the Sao Paulo Stock Exchange on Wednesday. Ordinary shares (PETR3) fell 8.36% while preferred shares (PETR4) went down 6.75%, it was reported. In addition, Petrobras' ADRs (American Depositary Receipt) in New York were down around 7.5% on Wednesday.

  • Thursday, May 2nd 2024 - 10:04 UTC

    Petrobras hits new environmental achievement

    The latest environmental achievement was deemed an important element for Petrobras’ investors said Director Maurício Tolmasquim

    Brazil's state-run Petrobras oil company announced this week a 41% reduction in carbon dioxide (CO2) emissions between 2015 and 2023, Agencia Brasil reported. The result was “exceptional,” said Petrobras' Energy Transition and Sustainability Director Maurício Tolmasquim.

  • Wednesday, April 10th 2024 - 19:51 UTC

    Petrobras finds oil not far from Amazon River mouth

    Petrobras' deep sea explorations have drawn heavy criticism from environmentalist groups

    Brazil's state-owned oil company Petrobras said Wednesday it had discovered a new reservoir in the ultra-deep waters of the Potiguar Basin, in the Anhangá exploratory well, located between the states of Amapá and Rio Grande do Norte.

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