Tags Campos Basin

Tag: Campos Basin

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Despite the fallout from the on-going corruption scandal which has tarnished Brazil’s largest state-controlled company, Petrobras, the oil giant announced on Thursday, March 19th, that the output from the Santos...
By Jack Whibley, Contributing Reporter RIO DE JANEIRO, BRAZIL - Oil workers in the Campos Basin held a 24-hour strike on July 25th to protest against a reduction in overtime compensation by Petrobras. According to the Sindipetro Norte Fluminense...
By Maria Lopez Conde, Contributing Reporter RIO DE JANEIRO, BRAZIL – Macaé, located 180 km north of the city of Rio, today is a city transformed. Since the discovery of enormous oil and gas deposits in the Campos Basin in...
By Andrew Willis, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Deputies and senators from non-oil producing states have secured enough signatures to force a vote on President Dilma Rousseff’s partial veto of a controversial oil royalties bill. The politicians...
By Andrew Willis, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – A Brazilian court has overturned a ban that prevented Chevron from operating in Brazil, according to a statement by the second largest U.S. oil company. The ban was handed...
By Andrew Willis, Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian government has announced that it will restart oil exploration rights auctions in 2013, ending a five-year hiatus that has complicated the investment decisions of oil companies operating in...
By Andrew Willis, Contributing Reporter RIO DE JANEIRO, BRAZIL – Concerned by falling oil production in the Campos Basin off the Rio de Janeiro coast, Magda Chambriard the director of Brazil’s National Oil Agency (ANP) has said she may...
By Andrew Willis, Contributing Reporter RIO DE JANEIRO, BRAZIL - Chevron, the second largest U.S. oil firm, last week appealed a recent court injunction banning it, and drilling company Transocean, from operating in Brazil while legal cases are ongoing. The...
By Andrew Willis, Contributing Reporter RIO DE JANEIRO, BRAZIL – Petrobras, Brazil’s semi-public oil producer, suffered losses of R$1.35 billion (US$665 million) in the second semester of this year, making it the company’s worst three months since 1999. In a...
By Mary Carroll, Contributing Reporter RIO DE JANEIRO, BRAZIL – Solange Guedes, executive manager of Petrobras Exploration and Production, announced on Monday that they will invest US$5.6 billion in the Programa de Aumento da Eficiência Operacional da Bacia de Campos...
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