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Tag: Petrobras

Brazil’s Oil Giant Has A Creative Solution For Its Gas Flaring Problem

Brazil’s state-owned oil firm Petrobras aims to make better use of the associated natural gas in its prolific oil-rich pre-salt area by having offshore liquefied…

Petrobras posts profit in the first half and reduces its deb

Petrobras reported net income of R$ 17 billion in the first half of 2018. The positive result was mainly influenced by the increase in international…

Brazil aims for 6.8 bln reais in 5th round pre-salt oil auction

The Brazilian government expects to rake in 6.8 billion reais ($1.89 billion) through the so-called fifth round of bidding for stakes in the country’s choice…

Petrobras starts up at Buzios field

Brazilian state-owned giant Petrobras has started production from the Buzios field, located in the pre-salt Santos Basin off Brazil, through the P-74 FPSO.  As part of…

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