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Oil and Gas

19/07/2017 at 20:17h

Algeria’s GDP increased 3.7% in Q1

The performance is attributed to the oil industry, which registered 7.1% growth in the same period. The country increased output and benefited from a higher average oil price.

17/07/2017 at 13:59h

Pre-salt drives up output to a record

Petrobras announced this Monday (17) an oil and gas output record in June, boosted especially by the pre-salt at the Santos Basin.

07/07/2017 at 16:44h

Petrobras starts selling assets in Paraguay

The state-run company is active in fuel distribution and sales, LPG and lubricants in the neighboring country, where it owns 197 service stations.

04/07/2017 at 16:58h

African bank funds oil project in Tunisia

The Africa Finance Corporation will lend USD 28 million to enable the start of production in the Halk El Menzel field, which is under concession to Tunisian company Topic.

03/07/2017 at 15:52h

Pre-salt drives oil output for 3rd year

Brazilian production averaged at 2.5 million barrels per day in 2016, up 3.2% from 2015. Exports reached an all-time high.

23/06/2017 at 07:00h

Oil agreement sees highest compliance level

The goal of slashing global output by 1.8 million barrels per day was exceeded in May. Opec members and non-members agreed to reduce supply in order to drive prices up.

19/06/2017 at 13:31h

Petrobras’ oil output up 4%

The state-owned company produced, on average, 2.18 million daily barrels per day in Brazil in May.

02/06/2017 at 16:27h

Itaipu opens biomethane plant

The first plant in Brazil to make the product, which has similar characteristics to those of natural gas and will be used for fueling vehicles, opened this Friday (2) in Foz do Iguaçu.

01/06/2017 at 16:10h

Brazil’s oil output up 11%

Production increased year-on-year in April. In April from March, however, it slid by 0.4%.

25/05/2017 at 18:03h

Petrobras to exercise preferential rights in pre-salt blocks

State-owned company decided to exercise its right in three areas of the Santos Basin. The company will be the operator with a minimum share of 30%.

25/05/2017 at 16:45h

Oil: cuts to last more nine months

OPEC members and other large producers decided to keep output cuts until March 2018.

18/05/2017 at 13:29h

Petrobras begins new pre-salt project

Production by Brazil’s state-run oil company started this Wednesday (17) in an area of the Santos Basin with FPSO vessel P-66.