Brazil

José Sergio Gabrielli, president and chief executive of Brazilian state-controlled oil company Petróleo Brasileiro (Petrobras) has stated that the current price of crude oil will... 2008-12-09

Brazilian state-controlled oil company Petróleo Brasileiro (Petrobras) has said it expects to raise more than US$1bn on international capital markets in December 2008. The loan,... 2008-12-04

Brazilian state-controlled oil company Petróleo Brasileiro (Petrobras) has announced first production from the Marlim Leste oil field in the Campos Basin, approximately 120km off... 2008-12-02

Petróleo Brasileiro (Petrobras) has informed the Brazilian Agência Nacional do Petróleo (ANP) that it has made another large offshore subsalt discovery in the Espírito Santo... 2008-11-24

Brazilian state-controlled oil company Petróleo Brasileiro (Petrobras) has said that it expects the offshore Parque das Conchas project in the Campos Basin to begin operations in... 2008-11-21

Brazil's hydrocarbons regulator Agência Nacional do Petróleo (ANP) has estimated the country's deepwater subsalt blocks under concession hold hydrocarbon reserves of 50-70bn barrels... 2008-11-11

Japanese exploration group Inpex has received regulatory approval to acquire half of Royal Dutch Shell's 40% stake in Block BM-C-31 in the Campos Basin offshore Brazil. The price... 2008-11-05

Brazilian state-controlled oil company Petróleo Brasileiro (Petrobras) has signed an agreement with Cuban state-owned oil company Companhia Cubana de Petróleo (Cupet) to explore... 2008-11-03

US major ExxonMobil has spudded its first exploration well on Block BM-S-22 in the Santos Basin. Block BM-S-22 is part of the same grouping that has yielded significant discoveries... 2008-10-23

Brazilian state-controlled oil company Petróleo Brasileiro (Petrobras) has delayed the release of its new business plan until the end of 2008 in order to evaluate the potential... 2008-10-20