Tag: Petrobras

• Friday, January 3rd 2014 - 23:12 UTC

  Brazil oil and gas production in November averaged 2.578 million boepd

  

  Brazil's oil and natural gas output rose 2.87% in November compared with the same month a year earlier as new oil fields came on line and platforms under maintenance returned to operation, Brazil's oil regulator, the ANP, said on Friday.

• Thursday, December 26th 2013 - 08:17 UTC

  Brazil conditions any future oil pre-salt bidding to local industry capacity to supply equipment and services

  

  Brazilian Government has decided that any future bidding rounds involving pre-salt blocks will only be launched according to the local industry capability to supply the demand in equipment and services needed by the sector. Local industry has been struggling to keep up with the demand placed by O&G players already involved in pre-salt E&P in Brazil, which are all Petrobras partners, such as BG and others.

• Thursday, November 28th 2013 - 10:26 UTC

  Rousseff reluctant to increase fuel prices fearing inflation and social unrest

  

  Brazilian president Dilma Rousseff is reluctant to allow the country's oil corporation Petrobras to increase the price of fuels this year, which would have an immediate impact on gasoline, transport and inflation, according to Folha de Sao Paulo.

• Wednesday, November 27th 2013 - 06:49 UTC

  Petrobras shares plummet on fears that fuel price increases will be further delayed

  

  Brazilian state-run oil firm Petrobras fell to its lowest level in more than a year on Tuesday, pushing the country's stock market to a near three-month low on concerns the government may delay a new pricing policy that could stem losses in the firm's refining division.

• Thursday, November 7th 2013 - 19:06 UTC

  Mercosur and Argentina top of the agenda in Mujica/Rousseff summit in Brasilia

  

  Mercosur negotiations, disputes with Argentina and economic complementation with Brazil are among the main issues of a long agenda that Uruguay and Brazil will address when President Jose Mujica visits his Brazilian peer Dilma Rousseff on Friday in Brasilia.

• Wednesday, October 30th 2013 - 06:57 UTC

  Petrobras negotiating sale of assets in Peru to Chinese company for 2bn dollars

  

  China National Petroleum Corp., the country’s largest oil producer, is nearing an agreement to buy Petrobras assets in Peru for more than 2 billion dollars. The proposed deal may be announced as soon as next month, according to sources quoted by Bloomberg.

• Monday, October 28th 2013 - 06:41 UTC

  Lack of refining capacity and capped fuel prices hit Petrobras profits

  

  Brazil’s state-controlled oil producer Petrobras said third-quarter profit slid 40%, missing analysts’ estimates, on higher fuel imports and refining losses. Net income dropped to 3.39 billion Reais (1.55bn dollars) from 5.66 billion Reais a year earlier, the company said on Friday in a regulatory statement.

• Monday, October 21st 2013 - 21:41 UTC

  Brazil auctions 35-year production rights to giant offshore Libra oil area

  

  Brazil sold production rights to develop the giant offshore Libra oil area to a consortium led by Brazilian state-run oil company Petroleo Brasileiro SA in an auction with a single bid on Monday. The auction in Rio do Janeiro took place amid strict security measures with hundreds of police forces clashing with protestors.

• Wednesday, October 9th 2013 - 05:38 UTC

  Brazil expected to announce “the largest oil discovery in the world this year”

  

  Petrobras CEO Maria das Gracas Foster described as ‘simply exceptional’ the latest discovery of hydrocarbons off the coast of the north-eastern state of Sergipe on the Atlantic but declined to give further details of the prospect. Even when the Brazilian administration has abstained from making any announcement the Sergipe government has said “it is the largest oil discovery in the world this year”.

• Tuesday, October 8th 2013 - 18:15 UTC

  Brazil limits Chinese state-controlled companies to joint bidding for largest offshore oil prospect

  

  Brazil is limiting Chinese state-controlled oil companies to joint bids to develop its largest offshore oil discovery, amid concerns the players could share data and reduce competition ahead of the 21 October auction, said Brazilian officials.