Tag: pre-sal

By Andrew Willis, Contributing ReporterRIO 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 Melissa Rossi, Contributing ReporterRIO DE JANEIRO, BRAZIL - While Brazil’s economic power-engine cools down as a reflection of the global financial crisis, the economy of the State of Rio de Janeiro continues to grow on the fast-track of...
By Stephen Eisenhammer, Contributing ReporterRIO DE JANEIRO, BRAZIL – Consumption of gasoline in Brazil continues to reach record heights as the country’s development powers forward, new data has shown. The first three months of 2012 registered new peaks for energy...
By Sarah de Sainte Croix, Senior Contributing ReporterRIO DE JANEIRO, BRAZIL – The Brazilian branch of U.S. oil company, Chevron, announced yesterday that they had identified a new leak in their Frade oil field in the Campos Basin. ...
By Sarah de Sainte Croix, Senior Contributing ReporterRIO 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 Helen Trouten Torres, Contributing ReporterRIO 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 Jewellord T. Nem Singh, Contributing ReporterRIO DE JANEIRO – The National Agency of Petroleum, Natural Gas and Combustibles (ANP) has recently confirmed operational difficulties causing interruptions in running the main well in the Libra drilling project. This is...
By Doug Gray, Contributing ReporterRIO 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 Doug Gray, Contributing Reporter RIO DE JANEIRO - One year after President Lula’s promise to use profits from the pre-salt oil deposits in Brazil’s Tupi oilfield to eradicate poverty, he has spoken of the importance of electoral support in...
By Bruno De Nicola, Contributing ReporterRIO DE JANEIRO - Last week Lula and his government presented the new model for oil and gas extraction in Brazil, a plan to control the gigantic underwater reserves of the Santos Basin and...
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