Brazilian state-run energy giant Petroleo Brasileiro SA, or Petrobras, will surge its forecast costs for construction of the Comperj petrochemical refinery. For full story, click here
Continue reading "Brazil’s Petrobras: Comperj Refinery Costs Could Surge"
Thursday, July 16, 2009
State-run Oil and Natural Gas Corporation’s deep-sea project in Brazil has begun crude oil production and output is projected to touch 1,00,000 barrels a day soon. For full story, click here
Continue reading "ONGC of Brazil Project Commenced"
Friday, June 12, 2009
Petroleo Brasillerio, Brazil’s state-controlled oil company, declared that it wants to rival the trading operations of BP Plc and Exxon Mobil Corp. as surging crude output prompts the company to seek new markets for its products. For full story, click here
Continue reading "Petrobras will rival BP, Exxon Trading as output climbs"
Monday, June 1, 2009
State-controlled Petrobras declared that it has signed a deal with China Development Bank through which it will receive a 10-year loan worth $10bn. For full story, click here
Continue reading "Petrobras has signed agreement with China Development Bank"
Wednesday, April 15, 2009
Colombia’s state oil company Ecopetrol revealed that it has agreed to acquire a 50 percent stake in an offshore Brazilian oil block from U.S. driller Anadarko. For full story, click here
Continue reading "Ecopetrol will join Anadarko in Brazil Oil block"
Tuesday, February 17, 2009
French oil major Total is interested in entering the upstream offshore Brazil to help develop the huge resources in the Santos basin and is also eying new acreage in Venezuela, the company’s CEO Christophe de Margerie said. For full story, click here
Continue reading "Total eyes upstream assets in Brazil, Venezuela"
Tuesday, December 30, 2008
Brazil’s state-run oil company Petrobras said it discovered “large volumes” of light oil in the subsalt layer off the coast of Espirito Santo. For full story, click here
Continue reading "Brazil’s Petrobras makes another subsalt oil find"
Tuesday, November 25, 2008
Brazil’s state-run oil company Petrobras said it discovered “large volumes” of light oil in the subsalt layer off the coast of Espirito Santo. For full story, click here
Continue reading "Brazil’s Petrobras makes another subsalt oil find"
Friday, November 21, 2008
Brazil’s state-run oil company Petrobras said tht it discovered “large volumes” of light oil in the subsalt layer off the coast of Espirito Santo. For full story, click here
Continue reading "Brazil’s Petrobras makes another subsalt oil find"
Tuesday, July 15, 2008
Oil prices were steady amid concerns about disrupted supplies from Brazil due to strike at Petroleo Brasileiro, Brazil’s state oil company. Jeff Spittel, an analyst at Natixis Bleichroeder, was quoted as saying: A strike would have ”a pretty meaningful impact, especially given that it’s a source of crude from the Western Hemisphere from a regime [...]
Continue reading "Oil price steady amid supply concern from Brazil"
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Tuesday, August 4, 2009