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Oil and Gas

06/12/2016 at 13:32h

Petrobras raises gas prices

The company’s refineries are now charging 8.1% more for gas and 9.5% more for diesel. The price raise was to align it with the increase in oil international prices.

01/12/2016 at 17:07h

Oil output up in October

Production in Brazil averaged 2.624 million barrels a day, gas included, up 9% from October 2015. In October from September, however, output was down 1.8%.

30/11/2016 at 17:03h

OPEC decides for output cut and oil prices surge

The organization approved a 4.5% cut starting January 2017. The commodity prices climbed by around 8% in the United States and London.

10/11/2016 at 16:18h

Shell to invest USD 10 billion in Brazil

Throughout the next four years, the amount will be directed to projects the company already has a stake in.

31/10/2016 at 18:23h

Sonatrach increases exports and makes new discoveries

The state-owned oil company shipped 89 million tons of oil equivalent until the end of October, up 9% over the same period of 2015.

24/10/2016 at 20:09h

Petrobras, Total strike partnership deal

The Brazilian and French oil companies signed on to a memorandum of understanding for exploration and production of gas and energy.

20/10/2016 at 17:12h

World Bank expects oil at a higher price in 2017

The bank revised up from USD 53 to USD 55 its forecast on the average price per barrel for next year. The price of commodities in general should go up.

14/10/2016 at 14:57h

Petrobras slashes fuel prices

Prices will be down 3.2% for wholesale gasoline and 2.7% for diesel. Whether or not consumers will pay less for their fuel will be up to the retailers.

03/10/2016 at 16:12h

Oil and gas output hits new record

Brazil produced 3.3 million barrels of oil equivalent per day in August and surpassed record mark for the third consecutive month.

30/09/2016 at 19:43h

Ministry wants partners in pre-salt

Márcio Félix, a secretary to the Brazilian Ministry of Mines and energy, spoke for the admission of partners to explore areas under concession since 2010 to the state-run oil company Petrobras.

23/09/2016 at 17:48h

Petrobras sells gas pipelines

The state-owned company will sell a 90% stake of a 2,000 km gas pipeline network to Brookfield for USD 5.2 billion.

20/09/2016 at 13:09h

Petrobras cuts investment by 25%

State-owned company reveals plans to invest USD 74.1 billion in the next five years, a lower figure than the one from the previous business plan.