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
Galp Energia SGPS SA, Portugal’s biggest oil company, surged as much as 8.8 percent in Lisbon trading to the highest in seven months after production tests began at the Tupi field offshore Brazil and crude oil traded near a five-week high. For full story, click here
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 [...]
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