Tag: Santos basin

• Wednesday, October 15th 2014 - 23:32 UTC

  Petrobras sets a new oil and gas production record during September

  

  Petrobras announced a new oil output record in Brazil, during September with an average of 2.23 million barrels of oil per day (bpd) production in the country, including in this total the fields operated by the state-owned company for its partners. The volume is 0.3% higher than breaks August record.

• 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.

• Tuesday, January 8th 2013 - 19:50 UTC

  British Gas plays the Brazil card and begins oil production in pre-salt Santos basin

  

  British Gas started oil production at the Sapinhoa field off Brazil, one of the “Big Five” discoveries in the pre-salt Santos Basin. Along with Petrobras and Repsol, BG plans to pump an initial 25.000 barrels a day from the deposit in BM-S-9 Block, the England-based producer said in a statement.

• Tuesday, September 20th 2011 - 00:46 UTC

  Petrobras begins pumping natural gas from first pre-salt field of Santos Basin

  

  Brazil's energy giant Petrobras began pumping natural gas from the offshore Santos Basin on the new 216-kilometer Lula-Mexilhao pipeline Friday, the company said Monday in a statement.

• Friday, July 29th 2011 - 07:08 UTC

  Repsol-YPF earnings hit by civil war in Libya and labour strikes in Argentina

  

  Repsol-YPF, Spain’s largest oil company, said second-quarter earnings fell 7.3% after refining margins narrowed and output declined because of the civil war in Libya and strikes in Argentina.

• Friday, July 1st 2011 - 06:52 UTC

  British Gas doubles oil estimates off the coast of Brazil to 8 million boe

  

  Reserve estimates in the Santos Basin off the coast of Brazil have an upside potential of 8 billion barrels of oil equivalent, an energy company in London said.

• Tuesday, May 17th 2011 - 15:35 UTC

  Brazilian banks and funds create company to build deep-water rigs for Petrobras

  

  A group of Brazilian banks and funds have created a company called Sete Brasil that will build seven deep-water rigs for state-run oil company Petrobras offshore exploration campaign, Petrobras announced on Monday.

• Tuesday, May 3rd 2011 - 17:08 UTC

  Petrobras earmarks 73 billion USD for investment in Santos pre-salt basin

  

  Petrobras announced the increased investment plans for the emerging Santos basin pre-salt assets, earmarking 73 billion US dollars for the 2011-2015 period. The vast sum is a 63% increase compared with the company’s 2010-2014 plan said a company statement.

• Friday, February 25th 2011 - 06:23 UTC

  Repsol-YPF doubles profits; targets Brazil’s new fields instead of Argentina

  

  Repsol-YPF, Spain’s biggest oil company, said fourth-quarter profit more than doubled after refining margins improved and crude prices increased. Profit adjusted to exclude inventories and one-time items climbed to 499 million Euros from 241 million Euros a year earlier, the Madrid-based company said on Thursday.

• 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”.