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Tag Results for "Petrobras"

New Fuel Pricing for Brazil’s Petrobras

Brazilian state-controlled oil giant Petrobras said it planned to adopt a new fuel-pricing system this year that would feature automatic adjustments, allowing the company to produce better fi continue reading »

Petrobras Oil Spill Reaches Sao Paulo Beaches

Fluids from a terminal operated by state-controlled oil giant Petrobras have reached several beaches in Sao Paulo state, forcing authorities to close off the area, Brazilian officials said. continue reading »

Brazil’s Petrobras Looking to Boost Daily Oil Output to 3.4 Million Barrels by 2017

Brazilian state-controlled oil company Petrobras, which is striving to boost daily domestic crude and natural gas output to 3.4 million barrels of oil equivalent per day by 2017, said it plans to earmark 62 percent of its investments over the next five years to exploration and production. continue reading »

Petrobras Reveals 28-Gallon Oil Leak Off Brazil’s coast

Brazilian state-controlled oil company Petrobras said it discovered a 108-liter (28-gallon) oil leak off the coast of the southeastern state of Rio de Janeiro. continue reading »

Latin America News: Brazil’s Petrobras Profit Decline 36 Percent

State-controlled oil giant Petrobras said it posted net income of 21.18 billion reais ($10.61 billion) in 2012, down 36 percent from the prior year. continue reading »

Petrobras Sells Stakes in Edesur Worth $35 Million

Petrobras Argentina, the Argentine unit of Brazilian oil giant Petrobras, said it was selling two companies that together have a 48.5 percent stake in the holding company that controls electric utility Edesur. continue reading »

Presidents Discuss Pemex, Petrobras Oil Alliance

Mexican President Enrique Peña Nieto and Brazilian President Dilma Rousseff discussed forging strategic alliances between oil giants Pemex and Petrobras during a meeting at the CELAC-EU summit in Chile. continue reading »

Petrobras Announces Oil Find Off of Brazilian Coast

Brazilian state-controlled oil giant Petrobras announced a new oil discovery in ultra-deep waters of the Atlantic Ocean. continue reading »

Petrobras Announces Deep-water Oil Find in Brazil

State-controlled oil company Petrobras on Wednesday announced a new light oil find in ultra-deep waters off Brazil's northeastern coast. continue reading »

Petrobras Looking to Overturn Ban on Transocean, Chevron in Brazil

Brazilian state-controlled oil company Petrobras has taken legal action to suspend a court order barring U.S. oil supermajor Chevron Corp. and drilling contractor Transocean from operating in the South American country because of an oil spill. continue reading »

Brazil’s Petrobras Makes Deepwater Oil Discovery in Atlantic

Oil and gas have been found in a field in the deepwater Sergipe-Alagoas basin in the Atlantic, Brazilian state-controlled oil giant Petrobras said. continue reading »

Petrobras Discovers New Oil Deposit in Brazil

Brazilian state-controlled oil company Petrobras has announced the discovery of a new oil accumulation at a deep-water well off the country's northeast coast. continue reading »

Colombia’s Ecopetrol Market Value Hits $126.72 Billion, Overtakes Brazil’s Petrobras

Colombian oil company Ecopetrol overtook Brazilian energy firm Petrobras earlier this week to become Latin America's largest public company by market value, according to a study by Sao Paulo-based consultancy Economatica. continue reading »