Skip Navigation
The University of Texas at Austin
 

Brazil News


Petrobras hits 500,000 b/d output from presalt

by OGJ Editors, Oil & Gas Journal, July 3, 2014 Petroleo Brasileiro SA (Petrobras) has reached 500,000 b/d in production from the Brazilian presalt, a region that has already seen aggregate output of 343 million boe (OGJ Online, June 20, 2014). The company, which didn’t reach the same level of total production until 31 years…

Brazil’s President, Petrobras CEO Defend No-Bid Oil Production Rights Deal

State-Run Oil Company Doesn’t Anticipate Capital Increase Before 2030 By Paul Kiernan and Will Connors, The Wall Street Journal, July 1, 2014 RIO DE JANEIRO—Brazil’s president and the chief executive of state-run oil company Petroleo Brasileiro Petrobras SA made a joint appearance on Tuesday to defend a controversial deal announced last week that gives the…

Brazil will be the 6th largest oil producer by 2035

Estimate was disclosed by Petrobras chairwoman Graça Foster. By 2020, output should reach 4.2 million barrels per day. by Brazil-Arab News Agency, June 2, 2014 Rio de Janeiro – Petrobras chairwoman Graça Foster said this Monday (2nd) that by 2035 Brazil will be the sixth largest oil producer in the world, with a 6.1% share…

Brazil raises biodiesel requirement in diesel blend

By Jeferson Ribeiro, Reuters, May 28, 2014 May 28 (Reuters) – Brazil will increase the amount of biodiesel that must be blended into diesel to 6 percent in July and to 7 percent in November from the current 5 percent, Mines and Energy Minister Edison Lobao said on Wednesday. The increase is aimed at replacing…

Brazil’s Oleo e Gas Expects Atlanta Field First Oil In Late 2015

by Jeb Blount, Reuters via Rigzone.com, June 2, 2014 RIO DE JANEIRO, June 2 (Reuters) – Bankrupt Brazilian oil company Oleo e Gas Participacoes SA expects to produce its first oil from the Atlanta offshore field in the BS-4 block in the Santos Basin in late 2015 or early 2016, company executives said on a…

Brazil’s Petrobras confirms light oil find in subsalt field

By Roberto Samora, Reuters, May 21, 2014 RIO DE JANEIRO May 20 (Reuters) – Brazil’s state-run oil firm Petroleo Brasileiro SA confirmed on Tuesday that it has found light oil in well 1-SPS-98 drilled in subsalt layers of the Santos Basin. “Test results confirmed a commercial discovery,” a Petrobras statement said of the discovery first…

Petrobras to Start Diesel Hydrotreater to Offset Record Imports

By Lucia Kassai, Bloomberg News, May 15, 2014 Petroleo Brasileiro SA will start a new diesel hydrotreater unit in the second half of year to increase supplies of low sulfur diesel after imports jumped to a record last year. The unit can process 10,000 cubic meters (61,910 barrels) a day and will be part of…

Donors commit $215 million for Amazon conservation in Brazil

by Paulo Prada, Reuters, May 21, 2014 (Reuters) – Brazil’s government, the World Wildlife Fund and various partners are expected to unveil an agreement on Wednesday that would establish a $215 million fund for conservation of protected jungle in the Amazon rainforest. The fund, which seeks to ensure conservation of over 90 protected areas in…

Brazil’s OGPar, OSX agree to extend testing at Tubarao Azul Field

by Jeff Fick, Platts.com, May 20, 2014 Brazilian independent oil producer Oleo e Gas Participacoes, formerly known as OGX, and shipbuilder OSX Brasil once again agreed to extend testing at OGPar’s offshore Tubarao Azul oil field, the firms said late Monday. OGPar, which filed for protection from creditors in 2013, will continue testing at Tubarao…

Brazil’s Petrobras to start refining at Abreu e Lima in Nov

By Jeb Blount, Reuters, May 12, 2014 RIO DE JANEIRO May 12 (Reuters) – Brazil’s state-run oil company, Petroleo Brasileiro SA, will start operations at its Abreu e Lima refinery in November, Chief Executive Maria das Gracas Foster said in a teleconference on Monday. Petrobras, as the company is known, expects the refinery, also known…

UT Main  |  UT Directory  |  UT Direct  |  Blackboard  |  Privacy Policy  |  Accessibility
©2011 Jackson School of Geosciences, The University of Texas at Austin
Site Last Modified: July 22, 2014