Brazil Federal Police Investigate Greek Ship in Connection with Oil Spill
Brazil's federal police on Friday announced a potential breakthrough in the investigation into the causes of a mysterious oil spill that has baffled authorities and Brazilians…
Shell Consortium, Petronas Win Oil Blocks Off Brazilian Coast
A consortium of Royal Dutch Shell Plc, Chevron Corp and Qatar Petroleum won oil exploration and production rights in the C-M-713 block off the coast of Brazil on Thursday, paying the government a signing bonus of ro
Brazil, Petrobras Paving Way for Giant Tender
Brazil's government will announce "within days" a deal with state-run oil company Petrobras to settle a multi-billion-dollar contract dispute and clear the way to auction billions…
Exxon Leads Oil Majors in Aggressive Offshore Brazil Bids
Exxon Mobil Corp roared into Brazil's prolific offshore oil fields again on Thursday, clinching eight blocks in partnership with other oil firms eager to lap up the country's…
Brazil Oil Regulator Clears Four More Companies
Brazil's oil regulator ANP authorized four more companies to bid in auctions for exploration and production rights in the presalt region off the Brazilian coast this month, the regulator said on Tuesday.
Brazil's Petrobras Output falls to 2-year Low
Brazil's Petroleo Brasileiro SA said on Friday that output dropped 5.2 percent in February to 2.65 million barrels of oil and equivalent natural gas a day from a year earlier.
Subsalt Break-even Price Below $35/barrel -Brazil Minister
The break-even price for oil production in the ultra deep subsalt layer off the Brazilian coast currently is below $35 per barrel, said on Thursday Brazil's Mines and Energy minister Eduardo Braga.
Petrobras Starts Production on Offshore Rig P-61
Petrobras began production of the P-61 platform in the Papa-Terra field located at the southern end of the Campos Basin, in the state of Rio de Janeiro, 110 kilometers off the…
Highest OTC Award for Petrobras
For the third time, Petrobras is set to receive the highest award that an oil company can be given, bestowed by the Offshore Technology Conference (OTC) committee, based in Houston, USA.
Petrobras is Largest Operator of Floating Production Platforms
Petrobras now operates more floating production platforms (including self-owned and chartered ones) than any other company in the world, according to Petrodata, a consulting…
