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Oil and Gas

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.

20/02/2017 at 16:10h

Government wants foreign investment in refineries

The Brazilian federal government will create rules in a bid to attract international capital into the oil refinement market, currently near single-handedly dominated by state-run company Petrobras.

16/02/2017 at 17:28h

Fuel consumption drops in Brazil

The slumping economy led to a 4.5% decline in oil products consumption last year in the country. In 2015 from 2014, consumption had also gone down, but not at as sharp a rate.

02/02/2017 at 16:01h

Oil production breaks record

December 2016 average daily outputs were the highest for oil and natural gas, reported Brazil’s National Agency for Petroleum, Natural Gas and Biofuels (ANP).

27/01/2017 at 19:03h

Oil output cut to reach the target in February

Statement was made by Algeria’s minister of Energy, Noureddine Boutarfa. OPEC and non-OPEC countries have decided to lower their oil output this year in 1.8 million barrels per day.

19/01/2017 at 18:19h

Brazil’s ANP launches tender for oil rounds

The 4th bidding rounds of areas with marginal accumulations will be held on May 11. Seminar on the subject is scheduled to January 26.