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Oil and Gas

30/12/2015 at 16:16h

Algeria to host oil and gas salon

Slated for May 2016 in Oran, the International Exhibition on Oil, Gas and Petrochemistry will feature industry discussions, as well as products and services in exhibition. Seven thousand visitors are expected.

18/12/2015 at 17:32h

Lower oil prices favor the Sudanese

Sudan’ ministry of Finance announced it will not perform new cuts in fuel subsidies until international oil prices decline again.

17/12/2015 at 13:40h

Petrobras pre-salt output up

The Brazilian state-run oil company produced 1.023 million barrels of oil equivalent per day in November, a 1.8% increase over October.

15/12/2015 at 17:29h

Petrobras to be smaller and more profitable, says CEO

The state-owned company’s chief Aldemir Bendine told the press that it will emerge stronger and more mature from the crisis, and that performance will improve within four years.

19/11/2015 at 18:00h

Middle East must invest USD 700 bn in oil

The sum will be needed for projects over the next ten years, according to the Saudi minister of Oil, Ali Al-Naimi.

14/10/2015 at 19:50h

Petrobras to streamline governance

In a statement this Wednesday (14th), CEO Aldemir Bendine expressed optimism regarding the future of Petrobras. He will improve governance in a bid to restore the image of the state-run oil company.

13/10/2015 at 15:40h

Chinese bank lends Petrobras US$ 2 bn

The loan's term is ten years and, according to the company, represents an advance of 2016 funding operations.

07/10/2015 at 17:41h

Brazil’s Petroleum Agency sells 37 blocks

Round of bids for 266 oil exploration blocks closes with 37 blocks sold to companies in seven countries.

22/09/2015 at 17:08h

Petrobras in talks to sell 49% Gaspetro stake

The Brazilian state-owned oil company reported that negotiations with Mitsui are in their final stages concerning the latter’s acquisition of a stake in the former’s gas industry subsidiary.

02/09/2015 at 16:22h

Brazil’s oil production goes up

The country produced 2.46 million barrels per day in July, an increase of 8.8% in comparison to the same month of 2014. Natural gas production registered a increase of 8.5% in the same comparison.

31/08/2015 at 15:54h

Oil auction will have 37 companies competing

This is the number of approved registrations in the 13th Bidding Round of the petroleum agency. The bidding is scheduled to October 7th.

28/08/2015 at 07:00h

Project screens foreigners for joint ventures

National Petroleum Industry Organization and Apex-Brasil will start looking for foreign-based enterprises for production-oriented partnerships with Brazilian oil and gas industry suppliers.