Skip Navigation
The University of Texas at Austin
 

Petrobras News


Bolivia’s YPFB confirms talks with Petrobras to extend natural-gas supply deal

Petrobras is in talks with its Bolivian counterpart Yacimientos Petroliferos Fiscales Bolivianos to extend the natural-gas supply contract that is set to expire in 2019. The new contract will cover 2020 and beyond. Petrobras currently imports around 30 million cubic meters of natural gas a day from Bolivia due to the fact that Brazil is…

Petrobras’ Sergipe-Alagoas discoveries hold light oil, condensate

Brazilian state-run oil company, Petrobras has discovered very light oil in the Sergipe-Alagoas Basin off the northeast coast. The oil has been rated with an API anywhere from 39 to 44, averaging at about 40 API. The string of six discoveries is helping out the country by creating exploration buzz. by Jeff Fick, Platts, September 18,2014…

Brazil Says Oil Output To More Than Double In 10-Year Plan

Brazil plans to reach oil and gas production of 5 million bpd by 2023, after receiving $550 billion in investments. A 10-year plan released Wednesday revealed that 63 percent of these investments will go to oil and gas. In addition to the increase in production, expected exports in 2023 should reach 1.5 million bpd. by Reese…

Petrobras sets new presalt production records in June

Offshore Staff, Offshore Magazine, July 21, 2014 RIO DE JANEIRO – Petrobras’s June oil production in Brazil averaged 2,008,000 b/d, up 1.7% from May’s production of 1.975 MMb/d. Including production operated by Petrobras for its partners in Brazil, the volume reached 2,135,000 b/d, up 2.1% from last month’s production of 2,092, b/d. In June, presalt…

Brazil eyeing Japan’s help in oil project

Agence France-Presse, via Globalpost.com,  July 20, 2014 Brazil plans to use Japanese technology in building a floating structure and ships for its huge offshore oil development project, media reports said Sunday. Japanese Prime Minister Shinzo Abe and Brazilian President Dilma Rousseff will announce the use of Japanese technology in building a so-called “logistics hub” for…

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…

China CNPC sees to invest at least $2bn in Peru after Petrobras deal

by Reuters, via Business Recorder, May 28, 2014 LIMA: The China National Petroleum Corporation (CNPC) expects to invest at least $2 billion in Peru over the next 10 years, after having recently bought Petrobras’ assets in the country, a top CNPC executive told Reuters on Tuesday. “We are looking for more opportunities in Peru, to…

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…

UT Main  |  UT Directory  |  UT Direct  |  Blackboard  |  Privacy Policy  |  Accessibility
© 2014 Jackson School of Geosciences, The University of Texas at Austin
Site Last Modified: October 8, 2014