Tag: oil

Sweeping Changes in Brazil on How Oil Riches Are Spread

Brazil is set to unveil today, August 31st, a sweeping reform of regulations covering ...

Brazil’s Petrobras Finds Oil Again. This Time, Light and Plentiful

Brazilian state-controlled gas and oil multinational Petrobras announced late last week a new oil ...

US Ready to Lend Brazil US$ 10 Billion for Oil Exploration

Brazil's Planning Minister Paulo Bernardo da Silva revealed that the United States is prepared ...

How Big Oil Can Avoid Being Left Out in the Cold Now that Brazil Is Hot Property

The recent discovery of potentially vast oilfields buried beneath a thick layer of salt ...

Brazil to Change Rules to Get More Control of Oil Reserves

Brazilian president Luiz Inácio Lula da Silva will present a bill aimed at increasing ...

Falling Oil Prices and Lower Domestic Demand Cut Brazil’s Petrobras Profit 20%

The retraction in demand in the domestic market and a 55% reduction in the ...

Brazilian President Touts Oil Discoveries as Brazil’s Second Independence

The president of Brazil, Luiz Inácio Lula da Silva, says that while his government ...

Brazil Starts 4-Mile-Deep Extraction of Oil in the Ocean

Petrobras, Brazil's state-controlled oil and gas multinational, will extract its first crude oil from ...

Despite Crisis Sale of Oil Products Grows 3% for Brazilian Petrobras

At least for now, the international financial crisis has not affected Brazilian state-controlled oil ...

Brazilian Oil Company Petrobras Reaches Production Record

Average oil production at state-controlled multinational Petrobras' oil fields in Brazil in September reached ...