Tag: Petrobras

• Saturday, January 5th 2013 - 05:41 UTC

  Blackouts and agriculture collapse forecasted in drought stricken north-east Brazil

  

  North-east Brazil is suffering its worst drought in decades, threatening hydro-power supplies in an area prone to blackouts and potentially slowing economic growth in one of the country's emerging agricultural frontiers.

• Wednesday, December 26th 2012 - 07:17 UTC

  Fuel-price controls force Brazil to import 12bn dollars in oil and refined products

  

  Brazil faces record trade deficits in petroleum products in 2012 and 2013 as a result of government fuel-price controls, problems with its refining system and rising consumer demand, the Folha de S. Paulo newspaper reported last weekend.

• Wednesday, December 19th 2012 - 06:50 UTC

  Brazil wants closer links with Mexico; Rousseff plans to travel next March

  

  Brazilian president Dilma Rousseff is planning to visit Mexico in early 2013 taking advantage of the good chemistry with the new leader Enrique Peña Nieto, and with the purpose of re-launching the deteriorated relations between the two main economies of Latinamerica.

• Saturday, December 15th 2012 - 20:59 UTC

  Petrobras selling its assets in Argentina; YPF one of the interested companies

  

  Brazil's state-run oil company Petrobras is putting its Argentine assets up for sale and will start accepting bids from interested buyers as early as this week, Buenos Aires newspaper La Nacion reported Friday.

• Tuesday, October 30th 2012 - 07:11 UTC

  Petrobras confirms: no fuel price increases in the immediate future

  

  Municipal elections are over and the Brazilian government had a good performance at the polls having recovered among others the City of Sao Paulo, but contrary to investors’ expectations, the country’s oil and gas corporation Petrobras will not be hiking gasoline prices in the immediate future.

• Monday, October 22nd 2012 - 23:37 UTC

  Brazil purchases high-tech oceanographic research vessel

  

  The Brazilian government announced on Monday that it will invest 162 million Reais (81 million dollars) in the purchase of a high-tech oceanography research vessel.

• Saturday, September 29th 2012 - 08:33 UTC

  Petrobras asks court to lift ban on Swiss rig supplier and Chevron

  

  Brazilian energy giant Petrobras on Friday asked a Rio do Janeiro court to lift a ban on operations of rig owner Transocean in connection with a major ocean oil spill last year. The company filed a civil action as “injured third party” to press for the immediate lifting of a July 31 injunction ordering US oil firm Chevron and Switzerland-based Transocean to stop drilling and shipping activities in Brazil within 30 days.

• 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.