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Oil and Gas

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.

12/01/2017 at 16:21h

Oil rounds could generate USD 1.41 billion

The minister of Mines and Energy, Fernando Coelho Filho, said that bidding rounds for the concession of onshore, pre-salt and post-salt blocks should take place this year.

11/01/2017 at 17:08h

Petrobras: record production in Brazil in 2016

The state-owned company produced, on average, 2.14 million daily oil barrels last year, an increase of 0.75% over 2015.

28/12/2016 at 17:38h

Natural gas output hits record

Brazil produced, on average, 111.1 million cubic meters per day in November, an increase of 2.4% over October and 18% in comparison to November 2015.

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.