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2014-08-08 18:10:00

PETROBRAS: GOD IS BRAZILIAN

PETROBRAS: GOD IS BRAZILIAN

When Brazil's state-run oil company Petroleo Brasileiro SA disclosed its biggest-ever oil find, in 2007, then-president Luiz Inácio Lula da Silva quipped that the discovery proved that God is Brazilian.

New production figures are making believers out of many in the industry. Output from the "pre-salt" fields has passed 500,000 barrels of oil a day, nearly triple that of 2012, and now accounts for nearly a quarter of the company's total production of two million barrels a day.

It is a quick ramp-up for Petrobras, and is taking place in one of the most challenging oil patches in the world. The deposits lie nearly…

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Tags: BRAZIL, PETROBRAS, OIL,
Chronicle:
PETROBRAS: GOD IS BRAZILIAN
2019, August, 19, 11:20:00
CHINA'S GREEN INVESTMENT $1 BLN
Chinese financial institutions provided at least $1 billion in “green” financing to coal-related projects in the first half of this year, a review of financial data showed, with fossil fuels still playing a major role in Beijing’s energy strategy.
PETROBRAS: GOD IS BRAZILIAN
2019, August, 19, 11:15:00
U.S. RIGS UP 1 TO 935
U.S. Rig Count is up 1 rig from last week to 935, with oil rigs up 6 to 770, gas rigs down 4 to 165, and miscellaneous rigs down 1 to 0. Canada Rig Count is up 2 rigs from last week to 142, with oil rigs up 7 to 101 and gas rigs down 5 to 41.
PETROBRAS: GOD IS BRAZILIAN
2019, August, 16, 10:50:00
OIL PRICE: NEAR $59
Brent was up 52 cents, or 0.9%, at $58.75 a barrel , U.S. crude was up 65 cents, or 1.2%, at $55.12 a barrel
PETROBRAS: GOD IS BRAZILIAN
2019, August, 16, 10:35:00
U.S., RUSSIA SANCTIONS AGAIN
The US is set to impose sanctions on Rosneft if it continues to trade crude oil and fuel with Venezuela's PDVSA in exchange for debt repayments and stakes in joint venture projects in the South American nation,
PETROBRAS: GOD IS BRAZILIAN
2019, August, 16, 10:30:00
ZOHR GAS OUTPUT UP TO 11.3 BCM
In H1 2019, the production on the Zohr field amounted to 11.3 bcm of gas, which is 3.6 times more than in the same period last year.
PETROBRAS: GOD IS BRAZILIAN
2019, August, 16, 10:25:00
U.S. GAS PRODUCTION UP
U.S. natural gas production continued to increase in August despite relatively low natural gas spot prices
PETROBRAS: GOD IS BRAZILIAN
2019, August, 16, 10:20:00
U.S. OIL INVENTORIES 440.5 BBL
At 440.5 million bbl, US crude oil inventories are 3% above the 5-year average for this time of year
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