Tag: Petrobras

• Wednesday, August 29th 2012 - 05:59 UTC

  Brazil to deploy first floating oil terminal for refueling tankers in the high seas

  

  Brazil’s energy giant Petrobras said on Tuesday it will deploy the world’s first floating oil terminal capable of refueling tankers on the high seas.

• 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.

• Monday, August 6th 2012 - 07:29 UTC

  Petrobras posts loss in second quarter; blames depreciation of the Real

  

  Brazil state-controlled oil company Petrobras reported a net loss of 1.35 billion Reais (some 633 million dollars at the current exchange rate) in the second quarter, attributing the result to the depreciation of the Real relative to the dollar.

• Friday, August 3rd 2012 - 07:01 UTC

  Petrobras and BP discover oil in deep-water at the northeast basin off Ceara

  

  Brazil’s government controlled oil and gas corporation Petrobras and Britain’s BP announced the discovery of oil in a deep-water offshore well in a new area for exploration off Brazil's northeast coast, according to a securities filing on Thursday.

• Thursday, July 5th 2012 - 22:40 UTC

  Brazil oil and gas production reached 2.78 million barrels equivalent per day

  

  Brazilian oil and natural gas output rose 1.89% in May from April to 2.78 million barrels of oil and gas equivalent a day (boepd) as crude output from giant, new offshore fields increased, Brazil's oil agency ANP said on Thursday.

• Wednesday, June 27th 2012 - 08:38 UTC

  Petrobras Argentina second oil and gas strike in Patagonia’s Santa Cruz

  

  Petrobras Argentina, the local unit of Brazil's state-owned energy firm, said on Monday it had found new oil and natural gas resources in its Estancia Agua Fresca concession in the Patagonian province of Santa Cruz

• Tuesday, June 26th 2012 - 03:49 UTC

  Major change in Petrobras exploration policy looking to diversity from two main basins

  

  Brazil’s Petrobras which has become the world’s biggest deepwater oil producer is looking past its largest discoveries to avoid a fate similar to Mexico, where output has plummeted 25% since 2004.

• Sunday, June 24th 2012 - 02:49 UTC

  Brazil raises fuel prices for the first time since 2008, effective next Monday

  

  Brazil's state managed oil company Petrobras said it will raise gasoline and diesel prices for the first time since 2008, a move aimed at ending refining losses and paying for the world's largest corporate spending plan.

• Friday, June 22nd 2012 - 08:13 UTC

  Brazilian government studying fuel price increase to support Petrobras

  

  Officials from Brazil's state-run oil company, Petrobras and the government on Thursday confirmed they are studying a fuel price increase to help offset the costs of fuel sector investments.

• Friday, June 22nd 2012 - 08:03 UTC

  Brazilian iron ore exports drop 19% in value, first time since 2002

  

  Brazilian exports of iron ore from January through May were down 19% in value from the same period last year, according to a report from Sao Paulo based newspaper Folha on Thursday.