Brazil | Egypt Oil & Gas - Part 7
Petrobras Board Member Criticises Brazil’s Oil Policy
Brazil’s oil-exploration and local-content policies harm oil producer Petróleo Brasileiro SA and the nation as a whole, a government-appointed member of the state-run company’s board said on Tuesday in a r...
2 Workers Die at Brazilian Oil Terminal Run by Petrobras
Two workers died at a construction project at a Brazilian oil terminal operated by state-run Petrobras on Tuesday, adding to a string of fatal and life-threatening accidents, a union representing oil workers said in a... Landmark Bill Looks to Ease Pressure on Brazil’s Petrobras
Brazil’s congress is likely to pass a landmark bill that could ease financial pressure on state-controlled oil company Petrobras by opening the country’s biggest offshore oil discoveries to greater foreign and private... Brazil Debates Laws on Subsalt Oil Development
Brazilian senators on Wednesday debated alternatives to a 2010 law that requires state-run oil firm Petrobras to take a minimum 30 percent stake in new development contracts and function as operator in Brazil’s ...
Brazil Halts Production on Platform After Gas Leak
Brazil’s state-run oil company Petroleo Brasileiro SA was forced to stop oil and natural gas output at its P-40 offshore platform after a gas leak, the country’s petroleum regulator ANP said in a statement...
New ‘Megareserve’ Off Brazilian Coast All Gov’t Owned
The National Petroluem Agency (ANP) of Brazil found another “megareserve” in the Atlantic, this one off the coast of Sao Paulo. It is believed to big as large as the so-called Lula oil field, which holds between five...
Brazil Oil Regulator Eases Fines on Producers to Improve Development
Brazil’s oil regulator plans to ease future fines for producers who fail to meet strict local-content guidelines as the country seeks to accelerate development of offshore oil and gas resources. The first set of chang...
Petrobas Finds New Oil Reservoir Off Brazilian Coast
Petrobras and a partner firm, Oil and Natural Gas Corp (ONGC), have found a new oil reservoir in deepwater offshore the Brazilian state of Sergipe on the country’s northeastern Atlantic coast. The well, named Poco Ver...
