Feeds
The Brazilian federal government may pump up to 100 billion real ($53 billion) into the state-run oil company Petrobras to bolster the company's exploration strength, a business newspaper reported Thursday.
Brazil's state-run oil company Petrobras says it plans investments of $174.4 billion (euro136.3 billion) in production, exploration and other activities in Brazil and around the world through 2013.
Brazil's state-run oil company says its total petroleum output jumped 4.3 percent last year compared to 2007.
RIO DE JANEIRO, Brazil — Brazil's state-run oil company says an accident on an offshore platform left one worker dead and halted production.
Brazil's state-run oil company Petrobras took out a loan worth $860 million from a state bank last month, but officials said Thursday the action was routine.
The Japanese firm Modec said Tuesday that it won a contract with Petrobras to build a floating production and storage facility that will drill for oil off the coast of Brazil in the nation's giant Tupi field.
Brazil's state-run oil company said Monday its profits fell 4 percent in the fourth quarter and 17 percent in 2007 as the country's strengthening currency eroded soaring dollar profits fed by record oil prices.
Brazil's state oil company said Thursday that it has discovered as much as 8 billion barrels of light crude in an ultra-deep field off the coast of Rio de Janeiro, an amount that could help transform the country into a major world oil exporter.
The death of OPEC. September 11, 2008, 07:01 AM by Douglas McIntyre.Saudi Arabia walked out on OPEC yesterday, saying it would not honor the cartel's production cut. It was tired of rants from Hugo Chavez of Venezuela and the well-dressed oil minister from Iran.
Brazil Oil Reserves to at Least Triple on New Finds, Lula Says Bloomberg reports: Brazil's President Luiz Inacio Lula da Silva said the country will at least triple its oil reserves from exploration of a new offshore area that includes the Western Hemisphere's largest discovery since 1976.
BG, Petrobras Find More Oil in Brazil's Santos Basin Well it looks like the more that they look offshore Brazil, the more oil that they find. I wonder how many hundreds of billions of dollars that we would save by doing the same?
Brazil in 'Major Oil Field' FindBrazil has discovered what could be the third biggest oil reserve in the world, according to the head of the country's National Petroleum Agency.
Brazil Discovers an Oil Field Can Be a Political ToolThe discovery of a huge new oil field has the potential to transform Brazil into a global energy powerhouse and to reshape the politics of this energy-starved continent.
Brazil may become major petroleum exporter. 11/09/2007 15:38 An offshore oil discovery and promising fields near the find could make Brazil to become one of the world's major exporters, but full-scale extraction is unlikely until 2013 and will be very expensive.
Depositary receipt trading tops $2 trillion Depositary receipt trading value reached $2.3 trillion in the first nine months of this year, a 53% jump over the same period last year, according to The Bank of New York Mellon, the US asset management and securities servicing company.
Submersible Captures Whale Footage at 10,000ft DepthAmazing footage shot in Macae (state of Rio de Janeiro) in March 2006 by a PetroBras (Brazilian Oil company) unmanned submersible, while inspecting a valve of a petrolium installation at about 3000 meters deep.
Brazil Petrobras to help Ecuador enter ethanol business - MarketWatchRIO DE JANEIRO (MarketWatch) -- Brazil's state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, plans to help Ecuador introduce ethanol into the country's energy matrix, Petrobras said in a late Friday release. [...]
Aljazeera.Net - Lula criticised over Bolivia gas dealBrazil's president has come under fire from critics who say he caved into pressure from neighbouring Bolivia and failed to defend Brazil's energy interests after Bolivia nationalised its natural gas sector.
The multinational oil company Petrobras has given a reply for Bolivia's pression about the control of natural gas liberation by suspending new investments in this country.
Brazil stocks rise on oil climbWhile the oil prise rise had depressed stockmarkets in America, the opposite happened in Brazil where the oil price climb was viewed as a boon to Petrobras the Brazilian Oil giant and a trigger for stocks prices rise.
Petrobras will cut profit to stay in BoliviaJose Sergio Gabrielli, president of Brazil's Petrobras, has said that the state-run oil company is willing to reduce its profits in order to guarantee its operations and investments in Bolivia.
Log In | Register
