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Oil and Gas

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.

15/09/2016 at 19:19h

Old onshore oil fields to be auctioned

According to the Brazilian minister of Mines and Energy, the federal government should auction old onshore fields in February and halfway through the first half of next year.

13/09/2016 at 18:52h

Oil demand growth weaker than expected

The International Energy Agency slashed its consumption growth forecast for this year by 100,000 barrels per day and sees an even weaker expansion in 2017.

08/09/2016 at 14:03h

Petrobras completes gas pipeline deal

The company finalized the arrangements for the sale of NTS, which operates its network of gas pipelines in Brazil’s southeast.

05/09/2016 at 16:06h

Marginal oil fields to go on auction

The Brazilian government authorized the 4th tender for marginal wells, i.e. those where extraction is not profitable for operators, but could be for smaller companies. No date has been set yet.

02/09/2016 at 17:36h

Brazilian oil, gas output a record

In July, 3.255 million barrels of oil equivalent per day were produced in the country, with extraction levels going up for both commodities.

30/08/2016 at 13:40h

Petrobras broadens agreement with Statoil

The Brazilian oil company and its Norwegian counterpart entered into a deal to expand a partnership for bidding in tenders for oil and gas exploration blocks, and technological development.

17/08/2016 at 15:15h

Abreu e Lima refinery output a record

The facility in Pernambuco, Brazil put out over 3 million barrels of oil in July. Diesel and petroleum naphtha production also hit all-time highs.

02/08/2016 at 17:10h

Oil and gas output reaches new high

Brazil produced 3.21 million barrels of oil equivalent per day in June, with 2.558 million of oil barrels and 103.5 million of cubic meters of natural gas.

29/07/2016 at 14:08h

Petrobras sells pre-salt block to Statoil

The Brazilian state-run oil company is handing over its 66% stake in the block known as Carcará for USD 2.5 billion.