Petrobras August Output Falls after Sale of Argentine Oil Assets
August oil and natural gas output at Petroleo Brasileiro SA, Brazil's state-led oil company, fell 1.42 percent from July after a sale of Argentine assets slashed the company's international output. Petrobras, as the company is known, produced an average…
Brazil May Open Petrobras Subsalt Area to Other Companies
Brazil may allow companies besides Petrobras to bid for the right to produce extra oil from areas it sold to the state-led oil company in 2010, the head of the exploration and production policy at the energy ministry, Jose Botelho, said on Wednesday.
Petrobras to Gain $11 Bln on Sale of Brazil Oil Rights to Statoil
The sale of a stake in Carcara, the giant Brazilian offshore oil prospect, to Norway's Statoil ASA will gain Brazil's state-led oil company Petrobras as much as $11 billion to pay debt or invest in other projects that promise to generate cash more quickly, Petrobras' chief executive said on Tuesday.
Petrobras' Output up 5% in May
Brazil's Petroleo Brasileiro SA said on Wednesday that output rose 5 percent in May from April to 2.83 million barrels of oil and equivalent natural gas a day. Petrobras, as the state-run company is known, said average oil output rose 6 percent in May to 2.24 million barrels per day…
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. Petrobras, as the state-run company is known, said the lowest February output…
Petrobras August Output Hits All-time High
Brazil's Petroleo Brasileiro SA said on Wednesday that output rose 4.5 percent in August to an all-time high of 2.88 million barrels of oil and equivalent natural gas a day from a year earlier. Petrobras, as the state-run company is known, said production…
Brazil Oil Workers: Petrobras Strike Starts Friday
Brazil's largest oil workers' union advised Petroleo Brasileiro SA that it plans to begin an open-ended strike against the state-run oil company starting at midnight (0300 GMT) on Friday. The strike is in protest at a recent cut of about 40 percent in investments by Petrobras…
Petrobras oil platform output cut not due to strike - Union
An output cut at an offshore oil and gas platform owned and operated by Brazil's state-led oil company Petroleo Brasileiro SA was not caused by a 24-hour strike, a union involved in the action said late Friday. The output cut on the P-15 platform happened on July 20…
Petrobras June Oil, Gas Output Up 4.3%
Brazil's state-run oil company Petroleo Brasileiro SA said on Friday that oil and natural gas output rose 4.3 percent in June compared with a year earlier as it added new offshore production systems. Petrobras, as the company is commonly known, produced…
Brazil Govt. Expects Petrobras to Lose Key Oil Rights
Brazil's government expects a bill ending state-run Petrobras' dominant role in key offshore oil areas to pass Congress, reversing one of President Dilma Rousseff's signature policies, a source told Reuters on Thursday. The bill, which is before Brazil's Senate…
Petrobras Promises Fail to Convince Investors
Brazilian state-run oil company Petroleo Brasileiro SA's long history of failed spending and output plans may be the biggest obstacle to its efforts to convince investors it will reduce its massive debt. The company's $90 billion cut on Monday from…
Brazil Oil, Gas Output Above 3 mln Barrels a Day
Brazil produced more than 3 million barrels of oil and equivalent natural gas a day (boepd) for the second straight month in January, 20 percent more than a year earlier, as the country benefited from the startup of long-delayed production systems.
Brazil O&G Production Rose 13% in November
Brazil's oil and natural gas production in November increased 13.3 percent compared with the same period last year as new fields started up and older fields came back onstream after maintenance, oil agency ANP said on Tuesday. Oil and gas production…
Petrobras September Output Up 0.8 pct
Brazil's state-run oil company Petroleo Brasileiro SA said its production in September rose to 2.781 million barrels of oil and equivalent natural gas per day (boepd), up 0.8 percent from August, according to a securities filing on Wednesday. The company…
Brazil Oil Output Rose 16% in August
Brazil's oil and natural gas output rose 16.1 percent in August compared with a year earlier as state-run Petroleo Brasileiro SA and its partners started overdue offshore oil platforms, the country's oil regulator ANP, said on Friday. Output rose to…
Petrobras Says August Output Rises 2.2 %
Brazil's state-run oil company Petroleo Brasileiro SA said its production in August rose to 2.759 million barrels of oil and equivalent natural gas per day (boepd), up 2.2 percent from July, according to a securities filing on Friday. The company, known as Petrobras…
Brazil Output Bolstered in June
Brazil produced 2.79 million barrels of oil and equivalent natural gas a day in June, 2.57 percent more than in May, bolstered by new output from deepwater fields south of Rio de Janeiro, Brazil's oil regulator, the ANP, said on Thursday. The oil was…
Petrobras O&G Output Rises 2% in May
Brazil's state-run oil company Petrobras said on Tuesday it produced an average of 2.61 million barrels per day (boepd) of oil and equivalent natural gas in May domestically and abroad, up 2 percent from the previous month. Petroleo Brasileiro SA, as the firm is formally known…
Bankrupt Brazilian Firm to Produce Offshore Oil by 2016
Bankrupt Brazilian oil company Oleo e Gas Participacoes SA expects to produce its first oil from the Atlanta offshore field in the BS-4 block in the Santos Basin in late 2015 or early 2016, company executives said on a conference call on Monday. Oleo…
Oleo e Gas Expects Atlanta Field First Oil in Late 2015
Bankrupt Brazilian oil company Oleo e Gas Participacoes SA expects to produce its first oil from the Atlanta offshore field in the BS-4 block in the Santos Basin in late 2015 or early 2016, company executives said on a conference call on Monday. Oleo…
