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Oil and Gas

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.

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.