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Oil and Gas

16/02/2016 at 13:57h

Saudi Arabia, Qatar freeze oil output

In a concerted effort with Russia and Venezuela, the two Arab countries have pledged to keep production at January levels to prevent prices from diving further. The goal, however, is not to drive prices up.

15/01/2016 at 19:27h

Petrobras had record production in 2015

State-owned company produced, on average, 2.6 million barrels of oil equivalent of oil and gas in Brazil, an increase of 5.5% in comparison to 2014.

12/01/2016 at 16:26h

Petrobras slashes investment by 25%

The state-run oil company cut down its investment forecast through 2019 from USD 130 billion to USD 98 billion. The plummeting oil price and the US dollar hike were contributing causes.

08/01/2016 at 18:28h

Saudi Aramco considering share listing

Through a statement, the Saudi state oil company said that the measure is part of the reform process being executed by the Arab country.

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.