Tag: oil

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Brazil Discovers Huge Oil Field and May Become Major Oil Exporter

Petrobras, Brazil's state-controlled oil company, announced Thursday, November 8, that it has discovered as ...

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Brazil’s Petrobras to Invest US$ 15 Billion. Most Goes to US

Brazil government managed oil corporation Petrobras announced international investments totaling US$ 15 billion US ...

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Big Oil in Brazil Opposes Rio Threat to End Tax Exemption

An initiative by Rio de Janeiro state government to withdraw from Brazil's nation-wide treaty ...

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Brazil’s Petrobras Invests US$ 112 Bi to Be Among World’s Top Five in Energy

Brazil's government-controlled oil company Petrobras announced plans to invest 112 billion US dollars in ...

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New Wells Give Petrobras an 8.6% Oil Production Boost

The Brazilian state-controlled oil company Petrobras recorded an average daily oil production of 1,827,392 ...

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Brazil to Increase Oil Production by 5% This Year

Oil production in Brazil should grow by 5.3% this year to reach a daily ...

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Light Oil Discovery in Brazil Opens Windows of Opportunity

Tests carried out by Petrobras through vertical well 1-RJS-628A drilled at 2,140 meters (7,021 ...

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Ten-Story High Floating Platform Goes in Service off Brazil’s Coast

Brazil's government managed hydrocarbons corporation Petrobras began yesterday oil and gas extraction from the ...

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Exports Help Brazil’s Petrobras Reach New Record High

Petrobras, the state-controlled Brazilian oil company, hit a record high oil processing level in ...

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Brazilian Invention Lowers Price of Pumped Oil

A new device capable of simultaneously injecting steam and extracting petroleum from wells and ...