Brazilian state-controlled energy giant Petrobras declared that it has begun refining the first oil extracted from the ultra-deep Tupi field, one of the massive, “pre-salt” discoveries in the Santos Basin. For full story, click here
Continue reading "Petrobras has begun refining ‘Pre-Salt’ Crude"
Wednesday, June 24, 2009
Inpex Corp. and Sojitz Corporation have declared that Frade Japão Petróleo Limitada, together with its partners Chevron and Brazil’s national oil company Petrobras, has started crude oil output from the Frade Field in Brazil on June 20, 2009. For full story, click here
Continue reading "Inpex has declared First Oil Output from Frade Field in Brazil"
Wednesday, March 18, 2009
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, reported that its plan to invest $95 million a day isn’t easy after oil dipped more than $100 a barrel since July. For full story, click here
Continue reading "Petrobras says spending isn’t easy"
Monday, March 9, 2009
Brazil’s crude oil major Petrobras, due to additional output from new production facilities, reported that it touched a company production record of 2,012,654 b/d on Mar. 4, surpassing by 12,420 b/d its previous high mark set on Dec. 25, 2007. For full story, click here
Continue reading "Petrobras production facilities boost output to record level"
Sunday, March 8, 2009
Brazil’s energy managed corporation Petrobras announced its plans to extract its first crude oil from the potentially huge offshore Tupi field find, below the salt layer of the Santos basin next May. President Lula da Silva, said: What will happen is very important. We’re going to extract the first barrels of oil at a depth of 6,000 [...]
Continue reading "Petrobras to extract its first Cude-Oil output"
Friday, February 20, 2009
The jump was all too clear. A surprise drop in U.S. oil inventories caused crude prices to jump 14 per cent on Thursday, in New York, powering a broad commodities rally that pushed copper and corn higher. The only noticeable drop was in gold, which closed lower for the first time in three days.
Continue reading "Demand Set To Recover Soon?"
Tuesday, February 17, 2009
Petrobras needed financing to develop the reserves in the offshore basin but Total was not interested in merely becoming a financial partner in Brazil. For full story, click here
Continue reading "Petrobras needed financing to develop reserves"
Thursday, January 22, 2009
Venezuela state oil company PDVSA is asking too much for the heavy oil that Brazil’s state-run oil company Petrobras hopes to use to supply its Abreu Lima refinery, a Petrobras official said. For full story, click here
Continue reading "Petrobras says PDVSA asks too much for its oil"
Thursday, November 27, 2008
Brazil’s Petrobras on Friday announced a new offshore discovery of as much as 2 billion barrels of light crude in ultra-deep deposits about a mile below the ocean floor. For full story, click here
Continue reading "Brazil’s Petrobras Discovers Another Oil Patch"
Wednesday, November 12, 2008
Brazil’s state-run oil firm signed an agreement to explore for oil in deep Caribbean waters north of Cuba that officials in Havana say could contain 20 billion barrels of crude. For full story, click here
Continue reading "Petrobras signs offshore oil exploration, output deal with Cuba"
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Monday, July 6, 2009