Batista’s Billions Bounce Back After Crash
Shares in Brazilian billionaire Eike Batista’s oil and gas company (OGX) dropped forty percent last week, knocking $3.8 billion off...
July 3, 2012Topic
Oil
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
ANP to Increase Fines for Oil Leaks: Daily
Brazil's National Petroleum Agency (ANP) plans to raise the fines companies will pay in the event of oil leaks, reflecting...
June 12, 2012
Vale Sells Colombia Coal Assets
Vale, the Brazilian mining giant, has sold its coal operations in Colombia to CPC S.A.S., a unit of Colombian Natural...
May 29, 2012
Petrobras Reveals Vast New Find: Daily
Brazilian petroleum giant Petrobras has confirmed that recently-discovered reserves of oil and gas at the Pão de Açúcar well amount...
May 25, 2012
Brazil Oil and Gas Salaries Up 28%: Daily
The average salary of workers in Brazil’s oil and gas industry rose 27.6 percent to R$215,000 (US$106,000) per year, between...
May 21, 2012
Rousseff Position on Oil Royalties: Daily
Brazil’s deputies are divided on President Dilma Rousseff’s new stance on how states share oil royalties, following boos from mayors...
May 17, 2012
Petrobras Makes Changes at the Top
Petrobras´ CEO, Maria das Gracas Foster, begins to oversee changes at the top of Brazil’s state-run energy giant after taking...
May 8, 2012
Sevan Drilling Celebrate Arrival of New Rig
Sevan Drilling, the Norwegian drilling contractor, celebrated the arrival of a new platform adding to the company’s presence in Brazil’s...
May 1, 2012