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Tag: Petrobras

Brazil’s Petrobras Restarts Trade With Major Oil Traders

Petrobras is resuming oil trade with the world’s top commodity trading houses Vitol, Trafigura, and Glencore, after nearly two years of suspension amid a bribery…

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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