RIO DE JANEIRO, Oct 17 Brazilian state-run oil
firm Petroleo Brasileiro SA posted a significant
production boost in the third quarter, as heavy investments in
its deepwater, pre-salt zone showed signs of paying off.
RIO DE JANEIRO Brazil's Senate passed the main text of a bill late on Tuesday defining the distribution of proceeds from a blockbuster auction of oil prospecting rights, a key milestone for the enormous offshore region known as TOR - the 'transfer-of-rights' area.
RIO DE JANEIRO, Oct 16 Brazil's Senate passed
the main text of a bill late on Tuesday defining the
distribution of proceeds from a blockbuster auction of oil
prospecting rights, a key milestone for the enormous offshore
region known as TOR - the 'transfer-of-rights' area.
RIO DE JANEIRO Ten companies on Thursday agreed to pay more than $2 billion for the exploration and production rights in 12 offshore oil blocks in Brazil, in what could be a promising sign for even bigger upcoming oil auctions.
RIO DE JANEIRO, Oct 10 BP PLC, Chevron
Corp and Royal Dutch Shell PLC are among firms
that will compete for exploration and production rights off the
Brazilian coast on Thursday, in the first of three oil bidding
rounds scheduled for coming weeks.
RIO DE JANEIRO/SAO PAULO Brazil's environmental agency Ibama said on Thursday that an analysis of a vast oil spill along the country's northeastern beaches showed the spilled crude did not originate in the country.
RIO DE JANEIRO, Sept 26 Brazil's Navy and
state-controlled oil company Petroleo Brasileiro SA
have concluded after investigating an oil spill along the
northeastern coast of the country that it was not produced in
RIO DE JANEIRO Brazilian state-run oil firm Petrobras has in the last five years battled an epic corruption probe, a crippling recession and unsteady crude prices.
RIO DE JANEIRO Brazilian federal police proposed criminal charges against Vale SA, auditor TÜV SÜD and 13 of their employees, alleging fraud in relation to a deadly dam collapse in January, according to a document seen by Reuters on Friday.
RIO DE JANEIRO/BRASILIA/SAO PAULO Faced with public outrage after its second mining dam collapse in four years killed at least 240 people in Brazil, Vale SA misrepresented what it had done to shut down its riskiest dams, a review of the company's statements shows.