Tags Pre-Salt Oil

Tag: Pre-Salt Oil

By Andrew Willis, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - The state of Rio de Janeiro is set to gain four new ports, with investments expected to reach roughly R$9 billion (US$4.5 billion). The moves are part of the...
By Helen Trouten Torres, Contributing Reporter RIO DE JANEIRO, BRAZIL - Petrobras, the world leader in sub-salt oil extraction which is 54 percent directly owned by the Brazilian government, is expanding its borders at sea with the deployment of self-sustaining...
By Sibel Tinar, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The federal government headed by President Dilma Rousseff is determined to prioritize the resolution of the controversy surrounding the proposed distribution of oil royalties, and is expected to send...
By Sibel Tinar, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – All eyes are on Brazil's new president Dilma Rousseff ever since she took the country's highest office on January 1st. As Brazil hopes she will be able to maintain...
By Sibel Tinar, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Upon the approval of the amendment of Brazil's existing oil laws that aims to redistribute oil royalties among all states and municipalities by the lower house of the Brazilian...
By Sibel Tinar, Contributing Reporter RIO DE JANEIRO – The eyes of the global oil industry will be on Rio de Janeiro as it once again hosts the biennial expo Rio Oil & Gas, the biggest event of its kind in...
By Jewellord T. Nem Singh, Contributing Reporter RIO DE JANEIRO - Petrobrás announced the discovery of new oil deposits on June 23rd in the offshore Albacora Leste field in the Campos Basin, Rio de Janeiro. Located 130 kilometers off the...
By Sibel Tinar, Contributing Reporter RIO DE JANEIRO – The Brazilian Senate has approved the bill on the new capitalization plan for Petrobras, marking the beginning of an overhaul in Brazil's oil industry regulations. Under the new plan, state-controlled energy...
By Sibel Tinar, Contributing Reporter RIO DE JANEIRO – When an explosion on the drilling rig Deepwater Horizon in the Gulf of Mexico on April 20th started sending tens of thousands of barrels of crude oil gushing into the ocean...
By Doug Gray, Senior Contributing Reporter RIO DE JANEIRO - As Petrobras faces something of a funding crisis having already blown the vast majority of its US$174 billion budget forecast up to 2013, the control of Brazil’s ‘goldmine’ of pre-salt...
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