ANP Says Brazil Pre-Salt Production Increases Six Percent
The ANP in Brazil reports that the production of oil and gas in the pre-salt fields recorded an increase of...
April 5, 2016Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
Biodiesel Mixture Increases to Eight Percent in Brazil
Until 2019 the Brazilian Congress has authorized the mixture to increase to ten percent of biodiesel.
March 28, 2016
Brazil’s Petrobras Registers Highest Net Loss in History
Due to declining international oil prices and the depreciation of the Brazilian currency Petrobras' net loss for 2015 was R$34.8...
March 22, 2016
Brazil Extends Contracts and Tax Breaks for Oil & Gas Industry
New measures have the objective of encouraging the exploration and production of petroleum and natural gas in Brazil.
March 10, 2016
Brazil’s Senate Approves Reducing Petrobras Requirements
Upper House approved bill ending requirement for Petrobras to participate in at least thirty percent of all pre-salt oil exploration...
February 26, 2016
Brazil’s Government Defends Petrobras’ Pre-Salt Monopoly
Senate project would release Petrobras from the requirement of being involved in all areas of the pre-salt layer exploration.
February 17, 2016
Brazilian Judge Halts Petrobras’ Gaspetro Sale to Japan’s Mitsui
According to a federal judge, the R$1.93 billion Gaspetro deal could lead to losses similar to those seen with the...
January 28, 2016
Brazil’s Petrobras Surpasses Production Target in 2015
Oil giant surpassed its annual petroleum production target for the first time in thirteen years.
January 18, 2016
Brazil’s Petrobras Reduces Investment Forecast by 25%
This is the second adjustment to the 2015-2019 business plan announced in June of 2015 by the oil giant.
January 13, 2016