Government Considers Fuel Price Hike
The first quarterly loss in thirteen years at Petrobras sparked a debate within the Brazilian government over the need for...
August 14, 2012Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
Petrobras Sees Worst Quarter in 13 Years
Petrobrás, Brazil’s semi-public oil producer, suffered losses of R$1.35 billion in the second semester of this year, the company’s worst...
August 7, 2012
Petrobras to Invest US$5.6B by 2016: Daily
Solange Guedes, executive manager of Petrobras Exploration and Production, announced on Monday that they will invest US$5.6 billion in the...
July 31, 2012
Subsea 7 Plant Moves to Rio State
The newest addition to Rio de Janeiro state’s Superporto do Açu will be a Subsea 7 unit for manufacturing oil...
July 24, 2012
Chevron May Reopen in Frade Field: Daily
The ANP is to release the final report this week on the Chevron oil leak in November 2011 at the...
July 17, 2012
Transpetro Launches Third PROMEF Ship
Petrobras Transporte S.A. (Transpetro), a subsidiary of Petrobras received a new product shipment vessel made by PROMEF, which launched in...
July 10, 2012
Ethanol Industry Faces Crisis in Brazil: Daily
The ethanol industry used to fuel a large percent of vehicles on the roads of Brazil is in a state...
July 2, 2012
Rio de Janeiro State Oil Exports Soar: Daily
While Brazil’s economic power-engine cools down in the global financial crisis, the economy of the State of Rio continues to...
June 25, 2012
Petrobras Boosted by Pre-Salt Oil Find
Petrobras, the Brazilian state-run energy giant, has found “good quality” oil in a well in the offshore pre-salt Santos Basin...
June 12, 2012