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By Stephen Eisenhammer, Contributing Reporter RIO DE JANEIRO, BRAZIL - Argentina is seeking greater partnership with Brazilian state-run energy company, Petrobras, to develop the country’s energy resources after announcing the nationalization of YPF, its main oil producer, last week. ...
By Sarah de Sainte Croix, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Norwegian oil company Statoil, in conjunction with operator Repsol Sinopec and partner Petrobrás, confirmed on Monday that they had made a “high-impact” discovery in the Pão...
By Amy Skalmusky, Contributing Reporter RIO DE JANEIRO, BRAZIL - With the recent Libra oil field discovery promising reserves of up to fifteen billion barrels of oil and Sinochem and BP coughing up billions for space in the Campos Basin,...
By Doug Gray, Contributing Reporter RIO DE JANEIRO – Just a week after President Lula promised to tackle poverty with the oil riches held in the pre-salt layers some 500km off the coast of Rio de Janeiro, industry insiders are...
By Bruno De Nicola, Contributing Reporter RIO DE JANEIRO - Brazilian Mining Giant Vale has confirmed the existence of hydrocarbon in the Vampira offshore well, in the BM-S-48 block of the Basin of Santos. The company holds 12.5% of the...
By Juliana Tafur, Contributing Reporter RIO DE JANEIRO – Foreign companies and investors have flocked to Brazil since the extent of the pre-salt oil fields became known in 2006. Companies like Exxon Mobil, Shell and Repsol hurried in and acquired...
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