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By Stephen Eisenhammer, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - Petrobras, the Brazilian state-run energy giant, has found “good quality” oil in a well in the pre-salt Santos basin, offshore Brazil, the company announced on Friday (June 8th). The...
By Stephen Eisenhammer, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - Brazil's National Petroleum Agency (ANP) plans to raise the fines companies will have to pay in the event of oil spills, reflecting the country's concern over the environmental consequences of...
By Stephen Eisenhammer, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - Having replaced two executives at the end of April, there are rumors of more to come, as Petrobras´ CEO, Maria das Gracas Foster, begins to oversee changes at the top...
By Jaylan Boyle, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - State-controlled but market-floated petroleum giant Petrobras announced last Friday the discovery of a new onshore ‘light’ crude oil field in the Amazonia state, for which Petrobras owns...
By Jaylan Boyle, Contributing Reporter RIO DE JANEIRO - Petrobras announced recently that a bidding process is to begin between tenders for the construction of 28 oil-drilling platforms, most of which will be employed in retrieving reserves of sub-salt Atlantic...
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 Sarah Coursey, Editor RIO DE JANEIRO - Petrobras continues to lead the pack of oil pioneers in the field of subsea technologies. It recently signed a US$90 Million contract with FMC Technologies Inc. that will provide the Marlim...
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