Petrobras Slashes Platform Decommissioning Budget
Brazil's state-run oil firm Petrobras PETR4.SA cut $1.1 billion in planned investments in decommissioning oil and gas platforms in its strategic plan for the 2025-2029 period, compared…
Sources: Petrobras is in discussions with Raizen, BP, and Inpasa about a joint venture for ethanol
Two sources familiar with the matter said that Brazilian state-run Petrobras was in discussions with Raizen, BP, and Inpasa about a potential joint venture for ethanol. Earlier that day…
Petrobras, Brazil's natural gas company, will pump gas from a reopened offshore oil well
Petrobras, the Brazilian oil giant, is planning to reopen an oil well that was closed in its offshore Roncador oil field to obtain natural gas quickly. This decision was made by the company's CEO on Thursday.
Petrobras Likely to Get Credit for Oil-for-shares Transfer
The revision of a massive exploration contract between Brazil's government and Petrobras will be based on the price of oil at the end of 2014, likely leaving the state-run oil company with a credit…
Brazil Cuts Oil Output Outlook, Fuel Imports to Continue
Brazil's oil regulator ANP cut its outlook for petroleum production in Brazil to 4 million barrels a day in 2025 or 2026 from 4.5 million barrels a day in 2022, the agency's director…
Petrobras Expects to Export 350,000 bpd in 2015
Brazil's state-run oil company Petroleo Brasileiro SA expects to export 350,000 barrels of petroleum per day in 2015, crude oil manager Fernando Colares Nogueira said at an event on Wednesday.
Brazil offers Good Investment Climate to foreign Cos in Oil & Gas
Brazil offers opportunities for foreign companies planning to operate in the country’s oil and gas sector. This message was conveyed yesterday in Houston, USA, by Paulo Sergio Rodrigues Alonso…
Brazil: Exports to Exceed Imports in 2014
Brazil will export more crude oil in 2014 than it will import, Magda Chambriard, director general of Brazil's oil regulator, the ANP, said on Tuesday. If her prediction comes true…
Brazil Says to Export More Oil in 2014 Than Will Import
Brazil will export more crude oil in 2014 than it will import, Magda Chambriard, director general of Brazil's oil regulator, the ANP, said on Tuesday. If her prediction comes true…
Brazil's ANP Opposes Subsalt Oil Rights Sale until 2016
Brazil's oil regulator the ANP won't recommend the sale of new production-sharing contracts in the country's promising offshore subsalt region until at least 2016, the agency's chief told Reuters on Friday.
Offshore Oil & Gas: Brazil’s Northern Frontier
In an effort to spread out oil and gas production to other parts of the country and increase overall oil production, Brazil has finally intensified hydrocarbon exploration along its northeastern and northern coasts.
