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Oil and Gas

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.

16/05/2017 at 13:49h

Petrobras to sell Amazonas gas field

The Brazilian state-run oil company announced that procedures have begun for the divestment sale of the Azulão Field, a potential natural gas production site in the Amazonas River Basin.

12/05/2017 at 18:53h

Bank to support Egypt in petchems

The European Bank for Reconstruction and Development (EBRD) will provide a USD 11 million loan to a petrochemical industry company.

12/05/2017 at 13:28h

Petrobras output up

In the first quarter, the state-run oil company produced 2.805 million barrels of oil equivalent per day, up 7% from a year ago.

10/04/2017 at 18:07h

Moody's upgrades Petrobras’ rating

The credit rating agency raised the Brazilian state-run oil company’s grade to B1 with a positive outlook. Petrobras now sits four grades below investment grade.

03/04/2017 at 14:06h

Oil production up 14.6%

Output reached 2.6 million barrels per day in February, according to Brazil’s National Petroleum, Natural Gas and Biofuels Agency.

28/03/2017 at 17:26h

UAE reduces oil output by 200,000 barrels a day

Acessar notícia

The minister of Energy said that the cuts in oil extraction are due to maintenance works, but underlined that the reduction should remain in place for the next two months.

23/03/2017 at 20:02h

Santarém auction grosses USD 22 million

The winning bidder for two seaports in Santarém, Pará was Consórcio Porto Santarém, a consortium formed by Petróleo Sabbá and Petrobras Distribuidora.

22/03/2017 at 18:09h

Sonatrach plans to invest USD 50 billion through 2021

Algeria’s government-run oil company intends to increase national reserves and step up oil and gas output.

01/03/2017 at 15:46h

Petrobras sells off assets to Total

Agreements signed on Tuesday amount to USD 2.225 billion and include stakes in pre-salt oilfields.