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"
Monday, November 3, 2008
Petrobras has formed a venture with Cuba’s Cupet oil firm to carry out oil and gas exploration and production offshore Cuba, in order to tap oil from a 1,600 sq km concession block. For full story, click here For Petrobras’s website, click here
Continue reading "Petrobras to begin oil exploration with Cubapetrol"
Monday, October 6, 2008
Clearly Monday was not particularly good news for oil companies. With futures settling below $90 per barrel, ($87.81 when Benchmark went to proofing) the industry is seeing the lowest prices since February.
Continue reading "Benchmark: How low can it go?"
Tuesday, August 26, 2008
Japanese firm Modec reported that it had it won a contract with Petrobras to build a floating production and storage facility that will drill for oil off the coast of Brazil. Rick Hall, president of Modec International Inc., said: The contract represents a significant milestone for Modec in its efforts to partner with Petrobras “to start to [...]
Continue reading "Modec secures Petrobras contract"
Monday, August 25, 2008
Barrel prices nosed upward of $115 on Monday, largely due to a sagging US dollar. Analyzing this in reference to last week’s barrel and dollar prices shows the extent to which crude is tied to currency differentials. The relationship is not one sided, either. For us Canadians, high oil prices are keeping our dollar near parity with that of our neighbours.
Continue reading "Benchmark: August 25"
Tuesday, August 12, 2008
At this point, there are much more pressing threats to the pipeline’s continued functioning. A long simmering dispute between Georgia and Russia over the disputed South Ossetia region erupted into war. Reports on Monday morning confirmed that Russian forces had pressed along the Greater Liakhvi River, beginning to enter the city of Gori.
Continue reading "Benchmark: August 11"
Monday, August 11, 2008
Brazilian company Petrobras Singapore Private Limited was awarded a three month term contract to supply the Ceypetco with fuel oil. For full story, click here
Continue reading "Petrobras Singapore awarded contract in Sri Lanka"
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Tuesday, February 17, 2009