Tag: Petrobras

• Friday, March 30th 2012 - 07:05 UTC

  Brazil’s union files lawsuit against Chevron and Transocean over oil spill

  

  Brazil's largest oil workers union filed a lawsuit against US oil company Chevron and drilling firm Transocean that seeks to cancel their rights to operate in the country as the result of an offshore oil spill last November.

• Sunday, February 5th 2012 - 07:47 UTC

  Brazil strikes onshore light oil in the Amazonas state; record oil and gas in 2011

  

  Brazil's state-controlled oil company Petrobras announced last week it had struck good-quality light oil in the Solimoes Basin, in the state of Amazonas.

• Wednesday, February 1st 2012 - 06:55 UTC

  Brazil’s Petrobras admits second oil spill in less than a week

  

  Brazil's state-run energy giant Petrobras on Tuesday reported that 160 barrels of crude oil may have spilled from a deep-water well off Sao Paulo state but said the situation was under control.

• Monday, January 23rd 2012 - 04:30 UTC

  A woman of gritty character will head Brazil’s largest corporation, Petrobras

  

  Maria da Gracas Foster, (58), will be head of Brazil’s largest corporation, Petrobras as of next February. This is the first time that the Brazilian oil corporation among the largest in the world will have a woman as CEO.

• Wednesday, January 4th 2012 - 05:20 UTC

  Petrobras announced discovery of light oil offshore Espirito Santo basin

  

  Petrobras has discovered light oil and gas accumulation in the Tambuata prospect in Brazil’s offshore Espirto Santo basin. Well 4-GLF-31-ESS was drilled in 1.520 metres water depth in the Golfinho Concession (4-BRSA-1001-ESS).

• Sunday, November 27th 2011 - 05:54 UTC

  Petrobras domestic oil production stable at 2m bpd during October

  

  Brazil's government managed oil and gas company Petrobras said on Friday its average October domestic crude output remained stable versus September at 2.00 million barrels per day.

• Wednesday, September 28th 2011 - 06:24 UTC

  Brazil adapts to weaker Real: cuts fuel tax to prop Petrobrás and contain inflation

  

  Brazil cut a tax on fuel sold by Petrobras by 16% helping prevent surging import costs from squeezing profit margins at the state-run company and reducing the need for price increases as inflation quickens.

• Thursday, September 22nd 2011 - 08:27 UTC

  Petrobras confirms ultra-deep water Sergipe-Alagoas oil and gas province

  

  Brazilian major oil corporation Petrobras has discovered oil and natural gas accumulations in the ultra-deepwater of the Sergipe-Alagoas Basin offshore northeast Brazil.

• Friday, September 2nd 2011 - 08:23 UTC

  Brazil to reclaim sub-salt oil exploration blocks awarded in 2006 auction

  

  Brazil's government will reclaim promising oil exploration blocks won by companies in a bidding round five years ago but never formally leased to the winners, the country's energy minister Edison Lobao said.

• Tuesday, August 23rd 2011 - 06:20 UTC

  Petrobras expects to lower costs and increase earnings in coming quarters

  

  Operating costs for Brazil's state oil company Petrobras will be lower in the coming quarters Chief Financial Officer Almir Barbassa told financial newspaper Valor Economico in an interview published on Monday.