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Oil and Gas Business

Oil heads for sixth monthly drop and the worst performance since 2015

Business - Brazil
By Paul Burkhardt and Yongchang Chin Despite the slight rise in West Texas Intermediate (WTI) crude for June on Friday (28), the commodity's prices are...

Petrobras announces US$5.2 billion to expand gas supply

Brazil
The president of Petrobras, Jean Paul Prates, announced this Monday (17) an investment plan of US$5.2 billion to expand the supply of gas production and flow during a seminar at the headquarters of the...

Brazil’s oil and gas production dropped 11.95% in March vs. February

Brazil
Brazil's average oil and natural gas production retreated 11.95% in March from a record high in the previous month to 3.68 million barrels of...

Goldman Sachs: Petrobras would remain profitable with the new pricing policy

Brazil
By Monique Lima What would happen if Petrobras changed its pricing policy? The shareholders' meeting to...

Petrobras will expand natural gas production in the Northeast...

Brazil
By Tomaz Silva Petrobras will increase national natural gas production in the Northeast region by beginning the hiring process for...

Brazil: oil workers cross arms on Friday and evaluate the possibility of a strike

Brazil
The workers linked to Brazil's Unique Petroleum Workers Federation (FUP) will paralyze activities on Friday (24) to assess the possibility of going on strike...

Argentine oil company YPF registers record profit and production in 2022

The state-owned oil company Yacimientos Petrolíferos Fiscales (YPF) closed in 2022 with a net profit of more than US$2.2...

Brazil produced a record 3.25 million barrels of oil per day in January

Brazil's oil production rose 5.9% in January from the previous month and registered a record 3.255 million bpd (barrels...

How is the key oil pipeline for Vaca Muerta that will transport 125,000 barrels per day?

Argentina
By Belén Escobar On Tuesday, the Minister of Economy, Sergio Massa, announced the inauguration of...

Petrobras: oil and gas production falls 2.1% in the fourth quarter

The total production of Petrobras in the fourth quarter of 2022 reached 2.64 million barrels...

What is Equatorial Margin? See 10 questions and answers about Brazilian Petrobras’ new bet

By Gabriela Ruddy The year 2023 could mark the return of Petrobras to a region that has not received new...

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