Tag: Petrobras

• Wednesday, November 24th 2010 - 21:02 UTC

  Promoting trade and political links with Africa, Lula da Silva’s next job

  

  A Lula da Silva Institute will be fully involved in Africa, the world’s poorest continent, and (Brazilian) President Lula will be fully dedicated to that task when he steps down from office next January first, announced a top Brazilian official.

• Wednesday, November 10th 2010 - 04:44 UTC

  Petrobras leases 20 drilling rigs to become operational in next two years

  

  Brazil’s government managed oil and gas corporation Petrobras announced it leased 20 foreign drilling rigs that will start operating in the next two years as it seeks to boost its capacity to explore for and produce oil.

• Saturday, October 30th 2010 - 05:16 UTC

  New ultra-deep pre-salt offshore find confirms Brazil an oil giant

  

  Brazil’s oil industry regulator announced Friday that a recent ultra-deep offshore find is estimated to hold between 3.7 billion and 15 billion barrels of oil equivalent, which could make it the largest crude accumulation in the country’s pre-salt region and the biggest discovery in the Western Hemisphere in more than three decades.

• Monday, October 25th 2010 - 03:49 UTC

  Petrobras Confirms Tupi Field Could Hold 8 Billion Barrels

  

  Brazilian state-controlled energy giant Petrobras said Friday that the drilling of a new exploratory well at the offshore Tupi field confirms potential recoverable reserves of between 5-8 billion barrels of oil equivalent.

• Friday, September 10th 2010 - 04:39 UTC

  Brazil’s Real at its highest in eight months; government promises a cap

  

  Brazilian Finance Minister Guido Mantega said the government won’t allow the Real to strengthen excessively as the currency reached its strongest in eight months.

• Saturday, September 4th 2010 - 05:24 UTC

  Petrobras unveils world’s largest public share offering, but there are questions…

  

  The Brazilian state managed oil company Petrobras unveiled on Friday plans to sell up to 64.5 billion US dollars of new stock, in one of the world's largest public share offerings.

• Monday, August 23rd 2010 - 22:09 UTC

  Brazil assures fearful Bolivia it will keep purchasing natural gas

  

  Brazilian government managed energy giant Petrobras said Bolivian natural gas will remain important for energy-hungry Brazil, where demand for that fuel is expected to triple over the next four years, Bolivian daily La Razon reported.

• Tuesday, August 17th 2010 - 09:22 UTC

  Petrobras admits ‘minor’ conservation problems on several oil platforms

  

  Brazil's government managed oil giant Petrobras CEO admitted Monday that minor conservation problems exist on some of the company's platforms in the Campos Basin, off the country's south-eastern coast.

• Friday, August 13th 2010 - 06:33 UTC

  Brazil halts operations on Petrobras oil platform citing safety reasons

  

  Brazil's oil regulator said on Thursday it halted operations of state oil company Petrobras' (PETR4.SA: Quote) offshore P-33 platform, citing safety concerns. The announcement follows oil workers union claims that the rig was “dangerous”.

• Friday, July 16th 2010 - 08:01 UTC

  Petrobras begins deepwater pre-salt commercial crude production

  

  Brazil’s government controlled energy giant Petrobras began commercial crude production Thursday from a deepwater deposit in the pre-salt region, which the government anticipates will turn the country into a global leader in oil production.