Although Chevron was fined $28 million and had its drilling rights in Brazil suspended for the recent offshore oil spill at their Frade field, some industry experts suggest the company will be able to avoid a long-term ban.
Monday, June 13, 2011
Oil companies are hoping this latest major find will provide further justification for speeding up the permit issuing process for deepwater drilling in the Gulf of Mexico.
Friday, June 3, 2011
Reuters reports that on Friday, Petrobras (SAO:PETR3) announced that the company will produce more than any at 6 million barrels of oil equivalent a day in 2020.
Continue reading "Petrobras Hikes 10-yr Oil Output Target"
Monday, May 9, 2011
A brief look at 3 oil exploration hotspots, all of which have already produced multi-billion barrel finds of recoverable crude in the last few years, and that may still hold much more.
Continue reading "Oil Exploration Hotspots"
Monday, July 6, 2009
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 [...]
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?"
The Crude Oil Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
OilInvestingNews.com maintains a focus on Oil exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
Get our exclusive independent commentary on oil trends and companies delivered to your inbox. Sign up to get exclusive access to our market catalysts a week before they are published online. Learn More »
Simply fill in your name and email to make better investment decisions.
Monday, November 28, 2011