Tag: Petrobras

• Sunday, July 14th 2013 - 23:48 UTC

  Brazil’s Libra deepwater oilfield expected to yield a million bpd

  

  The Libra deepwater oil field that Brazil plans to auction off Oct 21 will yield minimum output of 1 million barrels of crude per day, the National Petroleum Agency, ANP, said on Friday. That production would be equivalent to half of Brazil's current output of 2 million bpd.

• Friday, May 24th 2013 - 06:38 UTC

  Petrobras will continue to operate in Argentina but may sell some assets

  

  Brazilian state-controlled energy giant Petrobras plans to continue operating in Argentina although it may sell some assets there, CEO Maria da Graças Foster said.

• Wednesday, May 15th 2013 - 06:50 UTC

  BP and Total win exploration rights in virgin waters of Brazil’s Amazon basin

  

  BP and Total, Europe’s biggest oil companies after Shell, won exploration rights in the Amazon basin as Brazil’s first oil auction in five years attracts a record level of bids. Total, based in Paris, gained exploration access to operate five blocks at the Foz do Amazonas basin in northern Brazil together with partners BP and Petrobras, the oil regulator said on Tuesday.

• Tuesday, May 14th 2013 - 06:36 UTC

  Petrobras completes record bond offering and collects 11 billion dollars

  

  Brazil’s state-controlled oil firm Petrobras sold 11 billion dollars of global debt on Monday in the largest-ever bond offering by a Latin American company. The deal was split in six tranches comprised of fixed- and floating-rate debt with maturities ranging from three to 30 years, according to a report from Thomson Reuters.

• Wednesday, May 8th 2013 - 08:57 UTC

  Petrobras finds ‘good quality’ oil in the sub-salt area of the Santos Basin

  

  Brazil's state-run oil company Petrobras found “good quality” oil in a sub-salt area of the offshore Santos Basin, one of the world's most promising oil frontiers, according to a securities filing by Petrobras on Tuesday.

• Thursday, May 2nd 2013 - 06:18 UTC

  Petrobras continues divestment program: sells blocks in US Gulf of Mexico

  

  Brazil’s Petrobras is selling its 20% stake in the Gila prospect in the US Gulf of Mexico as part of its ongoing divestment program. The state-owned company said it had signed a sale and purchase agreement for the sale of its equity in exploration blocks KC 49, 50, 92, 93, 94 and 138, which make up the BP-operated asset.

• Wednesday, April 24th 2013 - 05:49 UTC

  Brazil to the rescue of the sugar-ethanol industry with lower taxes and soft credit

  

  The Brazilian government has come to the rescue of the sugar-ethanol industry announcing that as of next May first the mandatory content of ethanol in gasoline will increase from 20% to 25%, taxes on the sugar-cane fuel will be eliminated and there will be soft loans to keep expansion going.

• Wednesday, April 10th 2013 - 07:33 UTC

  Petrobras calls for clear rules to foster investment in shale production development

  

  Brazil’s oil and gas Petrobras said Argentina needs clear rules to foster investments if it wants to develop its unconventional oil and gas resources.

• Monday, March 18th 2013 - 07:59 UTC

  Petrobras keeps target of 2.5m bpd in 2016 and 4.2m bpd in 2020

  

  Brazilian state-controlled oil company Petrobras has unveiled its business plan for the 2013-2017 period projecting investment of 236.7 billion dollars and maintaining its goal of raising crude-oil output from 2 million barrels per day in 2012 to 4.2 million bpd in 2020.

• Thursday, March 7th 2013 - 06:42 UTC

  Cash-short Petrobras shares surge following raise in diesel prices

  

  Brazil’s Petrobras shares surged in Wednesday trading after the company surprised investors with a 5% increase in domestic diesel wholesale prices. The latest increase helps offset investor disappointment with January's lower-than-expected jump in gasoline and diesel prices, which had pushed Petrobras's shares to a seven-year low in recent sessions.