Brazil Energy News

Latest Brazil Energy News from World News Report

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Colombia's Ecopetrol Tops Petrobras As Biggest Latin Company -Study
16 May 22:37 GMT

… the two oil companies have also tilted investor sentiment. While Petrobras shares … and services in oil exploration and production as Brazil, which boosts costs … shares. Petrobras, which is developing some of the largest oil discoveries made …
Multi-million dollar offshore vessel order for ABB
16 May 22:03 GMT

… from Daewoo to supply energy efficient propulsion and electrical power systems for … between French oil service company Technip and Brazilian company Odebrecht Oil & Gas, will … the coast of Brazil for oil company Petrobras. Wärtsila Ship Design developed …
Petrobras Rising on Exports
16 May 17:07 GMT

Brazil’s state-controlled energy giant Petroleo Brazileiro SA (NYSE: PBR), better known as Petrobras … , Petrobras produced an average of 2.676 million barrels of oil equivalent … . Petrobras is in the midst of the most aggressive oil and gas development …
Petrobras Q1 profit slides
16 May 16:47 GMT

… )- Brazilian state-run energy company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras … . Petrobras registered a first-quarter net profit of 9.21 billion Brazilian reais … figures were affected by crude oil and oil product shipments that were …
Ocean Rig UDW Inc. Announces Acceptance by Petrobras of the Ocean Rig Corcovado
16 May 13:14 GMT

Published: May 16, 2012 Ocean Rig UDW Inc. (the "Company" or "Ocean Rig"), (NASDAQ: ORIG) a global provider of offshore deepwater drilling services, today announced that on May 15, 2012, the Ocean Rig Corcovado completed the general …
Power Promise a Year After - Expectations for Electricity Get Darker
16 May 08:41 GMT

… on coal for their energy needs. Gas energy is just a … put more energy on the production of electricity through coal and hydro, … gas turbine. We can also explore the utilisation of wind and solar energy … Shell and Agip. Also, Brazil with a population of …
Brazil Petrobras Sees 'Negative Effect' From Weaker Real -CFO
16 May 04:29 GMT

… JANEIRO – Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, sees … at Brazilian companies with large portfolios of dollar-denominated debt, such as Petrobras …
Pre-Salt Hydrocarbons: This Summer to Reveal Potential Beyond Brazil
16 May 03:14 GMT

… Kazakhstan as two junior oil and gas explorers pursue … has been Brazil's Santos Basin, where Petrobras is … volumes of hydrocarbons, which includes high-quality, high-value oil. For example, … the technology, engineering and energy industries. Email Jon at …
Brazil planning to cut taxes on electricity to help reduce industry costs
16 May 02:13 GMT

… countries that tax electricity, but we tax it” Brazil has been on … become less competitive. Brazil's average electricity cost of 180 dollars … data from the International Energy Agency. High electricity rates have contributed to …
Bolivia seeks three new contracts with Petrobras
16 May 00:27 GMT

… state energy company YPFB plans to negotiate three new contracts with Brazil's Petrobras to explore natural gas fields in … where Petrobras extracts most of the natural gas that Bolivia pumps to Brazil …
Persico offers electric Leonardo machines
16 May 00:10 GMT

… electricity for heating and cooling the molds directly, instead of oil … oil,” said Zilioli, Persico sales manager for the United States and Brazil … policy.” The efficient electric mold technology reduces energy savings, … also is building a wind turbine next to …
Brazil Petrobras 1Q Net Profit BRL9.21 Billion Vs BRL10.99 Billion Year Ago
16 May 00:05 GMT

RIO DE JANEIRO – Brazil's large state-run energy company, Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said … . Petrobras registered a first-quarter net profit of 9.21 billion Brazilian reais …
Exclusive: Brazil to cut electricity taxes to boost economy
15 May 23:01 GMT

… Brazil's electricity industry includes state-run companies such as Eletrobras … Hydroelectric power supplies about three-quarters of Brazil's electricity needs, with nuclear … Energy Agency. High electricity …
Gran Tierra Energy: Is It Time To Invest In This Latin American Oil Small Cap?
15 May 21:18 GMT

… rise, including Canadian oil small-cap Gran Tierra Energy (GTE), which … of oil and gas in Colombia, Argentina, Peru and Brazil. The … testing showing significant hydrocarbon presence. In Brazil Gran Tierra … embarked in partnership with Petrobras and Statoil on …
Brazil Petrobras Could 'Rapidly' Raise Reserves To 30 Billion BOE With Presalt
15 May 20:46 GMT

RIO DE JANEIRO – Brazilian oil and gas producer Petroleo Brasileiro SA (PBR, … of oil equivalent as a result of massive presalt oil discoveries, a Petrobras … de Janeiro. Brazil's main presalt oil and gas reserves stretch over …
Brazil Petrobras Rescinds Two Contracts With Troubled Construction Firm
15 May 20:40 GMT

… JANEIRO – Brazilian state-run energy heavyweight Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said … meet Brazil's shortfall in oil products. The shortfall has forced Petrobras …
Exclusive: Brazil to cut electricity …
15 May 16:17 GMT

… Brazil's electricity industry includes state-run companies such as Eletrobras … Hydroelectric power supplies about three-quarters of Brazil's electricity needs, with nuclear … Energy Agency. High electricity …
‘Hydrogen is tomorrow’s biofuel’ say scientists
15 May 13:32 GMT

… , said “Fuel cells need clean energy to run them. If you … production, the bacteria can produce hydrogen. At the moment manufacturers pay … clean electricity instead.” “Bioethanol is the current biofuel of choice in Brazil but …
U.N. Law of the Sea: U.S. Accession Unnecessary to Secure Oil and Gas Resources
15 May 00:58 GMT

… Bureau of Ocean Energy Management currently leases … one foreign company (Brazil’s Petrobras) submitted successful bids … foreign oil exploration companies to begin developing hydrocarbon resources … forfeiture of valuable oil, gas and mineral deposits, …
Problematic Petrobras Plaguing Brazil ETFs
14 May 19:01 GMT

… the fact that Petrobras (NYSE: PBR), Brazil's state-run oil company, delayed … has been misunderstood by foreign energy companies operating in the region … said. Unfortunately for Brazil bulls, neither EWZ nor Petrobras seem capable of …
HRT may sell Amazon gas for power, chemicals
11 May 14:52 GMT

… them gas from its fields in the Amazon region to produce electricity … gas it expects to start producing commercially this year from remote Brazilian … centers that might use the gas. Oil, though, can be efficiently transported …

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