Brazil | Egypt Oil & Gas - Part 8
Iran to Build Refineries Abroad from Brazil to India
Iran and Brazil have signed a memorandum of understanding (MoU) to build a new oil refinery in Latin America, an Iranian deputy minister of petroleum says. Speaking to reporters on the sidelines of the 20th Internatio...
Petrobras Makes Light Oil Discovery in Ultra-Deep Waters
Petrobras has finished drilling well 3-BRSA-1296-SES (ANP nomenclature) in the Sergipe Basin’s ultra-deep waters, in concession BM-SEAL-10, block SEAL-M-499. The test results confirmed the presence of light oil (highe...
Brazil’s Petrobras on the Road to Recovery, but Challenges Remain
Petroleo Brasileiro SA’s new chief executive officer is close to overcoming his first major hurdle: getting auditors to approve financial results. His next big task will be figuring out how to generate the cash needed...
Petrobras Shuts Four Platforms in Brazil After Leak
Four Petrobras oil platforms off the north-east coast of Brazil have halted production after a leak of about 44 barrels of oil was detected coming from a pipeline linking the platforms, a local oil workers union head ... Brazil’s Petrobras Says Scandal Cost Company Over $2Bn
Brazil’s national oil company said a graft scandal cost it 6.2 billion reais ($2.1 billion) after a five-month internal debate that shut off access to bond markets, cost the chief executive her job and destabilized th...
Brazil’s Petrobras Floundering
Buried off the coast of Brazil, beneath miles of seawater, rock and salt, lie vast oil reserves—at least 50 billion barrels—that were supposed to yield untold riches for this nation. But, as so often happens in Brazil... Petrobras Makes Onshore Wild-Cat Discoveries in Brazil
Petrobras has announced two onshore discoveries, one in its Amazon Basin block and another in the onshore section of the Espirito Santos Basin. Petrobras has discovered a new oil and gas accumulation in the Amazon Bas...
Brazil Reconsidering Role of Foreign Firms in Deepwater
There’s a growing chorus of lawmakers advocating a bigger role for foreign oil companies in Brazil’s prized deepwater discoveries as the national producer grapples with the industry’s biggest debt load and funding con...
