On Friday, Brazilian state-run oil company Petrobras (PETR4.SA)(PBR.N) announced that the company’s exports of oil and oil products in 2009 reached an average 705,000 barrels per day, up 4.8 percent from 2008. The press release is quoted as saying: Exports of oil alone rose 8.9 percent to 478,000 barrels per day. The increase in exports [...]
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Tuesday, August 4, 2009
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
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Wednesday, June 17, 2009
Brazil state-controlled oil company Petrobras has approved the development project for its Siri field in the Campos Basin. For full story, click here
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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
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Sunday, February 22, 2009
Petrobras has formed six new wholly owned subsidiaries as part of its petrochemicals and plastics project in Rio de Janeiro state. The USD 8.5 bn Rio de Janeiro Petrochemical Complex (Comperj), will process heavy oil from the Campos Basin. For full story, click here
Continue reading "Rio de Janeiro petchems plan progresses"
Monday, February 2, 2009
State-controlled gas and oil multinational Petrobras announced that the company’s average oil production in Brazil was 1,844,940 barrels a day in November, an increase of 4.6% over the same month in 2007 and a reduction of 1.5% over October. For full story, click here
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Monday, February 2, 2009
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, said the offshore pre-salt oil fields, including Tupi, the largest discovery in the Americas since 1976, remain viable even after crude prices plunged. For full story, click here
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Thursday, January 22, 2009
Venezuela state oil company PDVSA is asking too much for the heavy oil that Brazil’s state-run oil company Petrobras hopes to use to supply its Abreu Lima refinery, a Petrobras official said . For full story, click here
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Wednesday, January 7, 2009
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, said the offshore pre-salt oil fields, including Tupi, the largest discovery in the Americas since 1976, remain viable even after crude prices plunged. For full story, click here
Continue reading "Petrobras CEO Says Tupi Oil ‘Viable’ at Current Price"
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"
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Monday, February 1, 2010