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Oil and Gas

15/03/2018 at 13:29h

Petrobras posts USD 136 mn in losses

The state-run oil company’s 2017 result stemmed from one-off expenditures, without which it would have seen over USD 2 billion in net profit.

05/03/2018 at 12:56h

Oil from US, Brazil to meet demand

As per an annual report from the International Energy Agency (IEA), increasing output from those two countries, plus Canada and Norway, can keep the global market supplied for the next three years.

31/01/2018 at 17:00h

Pre-salt output exceeds post-salt for 1st time

Brazil produced 3.325 million daily barrels of oil equivalent in December. The pre-salt layer accounted for 50.7% of the total.

31/01/2018 at 07:00h

Brazilian power plant to use gas from Qatar

Acessar notícia

CELSE will use the product as fuel for thermoelectric plant. It’s still in construction and will be part of a venture that will also have regasification plants. Contract stipulates for supply to begin in 2020.

24/01/2018 at 16:19h

Oil royalties paid by companies up 51% in 2017

The amount forwarded to the Brazilian Union, states and counties by oil producing companies reached near BRL 27 billion (USD 8.72 billion).

12/01/2018 at 14:46h

Fuel prices from refineries up today

Brazil’s state-run oil company Petrobras said costs were raised by 1.4% and 0.7%, respectively, this Friday (12).

06/01/2018 at 07:00h

Aramco becomes joint-stock company en route to IPO

The Saudi Arabian state-run oil company is being converted into a joint-stock company to pave the way for an Initial Public Offering (IPO).

03/01/2018 at 14:53h

Oil production dropped in November

Output in Brazil amounted to 2.595 million barrels per day, down 1.2% from October and 0.5% from November 2016.

02/01/2018 at 14:54h

Gasoline, diesel prices change

Gas prices will drop by 0.1% at Brazilian refineries this Tuesday, while diesel’s will be up 0.6%.

21/12/2017 at 16:53h

Petrobras expects 0.5% investment hike

The Brazilian state-run oil company has released its plans for the next five years, which should see USD 74.5 billion be invested.

07/12/2017 at 16:19h

Pre-RFP out for oil exploration

Brazil’s National Agency of Petroleum, Natural Gas and Biofuels has issued a pre-request for proposals and the draft contract for the tender of 70 exploration blocks.

30/11/2017 at 12:51h

Oil industry tax break extended

The Brazilian Chamber of Deputies approved the extension of a draft Provisional Measure lifting taxes on imports of goods intended for oil and gas exploration, development and production.