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Pre-Salt Oil and Gas News

Pre-salt is the path for Brazil to become a major exporter of oil

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15 Mar 2010 - by PreSalt.com - Source: Café com o Presidente

The President Luiz Inácio Lula da Silva said today (15) wants the country to produce oil products of better quality and that this could be achieved through investment in refineries by Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA). In his weekly "Breakfast with the President", he noted that oil and gas will be extracted from the pre-salt layer is the path that Brazil would become a major oil exporter.

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Brazil, Minister talks about pre-salt projects sent to the Senate

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12 Mar 2010 - by PreSalt.com - Source: Agencia Brasil

The Minister of Institutional Relations, Alexandre Padilha, said yesterday (11) expect the Senate to resolve the problem created by the amendment related to the pre-salt (sub-salt), adopted on 10/03 at the Chamber of Deputies, which reduces the participation in the distribution of royalties oil to the producing states. The amendment affect states such as Rio de Janeiro and Espirito Santo.

Last Updated on Monday, 15 March 2010 09:08 Read more...
 

BP Strengthens Core Portfolio in Pre-Salt

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11 Mar 2010 - by PreSalt.com - Source: BP Group

BP (LON:BG, OTC:BRGYY, PINK:BRGYY, PINK:BRGXF) today announced today (11) a transaction that will deliver a material exploration position in the deepwater offshore Brazil and significantly enhance its position in core strategic areas

Last Updated on Thursday, 11 March 2010 06:24 Read more...
 

Petrobras investments this year will be 79.5 $Real billion

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10 Mar 2010 - by PreSalt.com - Source: Agencia Brasil

The investment planned by Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA) for this year will total Real $ 79.5 billion, not Real $ 85 billion, as was informed (8/Mar) Minister Dilma Rousseff, chief of staff of the Presidency and Chairman of the Board of Directors state.

Last Updated on Wednesday, 10 March 2010 06:15 Read more...
 

Brazil - House approves distribution of royalties

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11 Mar 2010 - by PreSalt.com - Source: Agencia Brasil

The House of Representatives has voted (10/03) by 369 votes to 72, and two abstentions, the amendment by Mr Ibsen Pinheiro (PMDB-RS) and Humberto Souto (PPS-MG) which provides for the distribution of royalties from oil exploration among all states and municipalities, according to the rules of Equity funds.

Last Updated on Thursday, 11 March 2010 15:16 Read more...
 

Signs of oil in Block BM-S-9

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11 Mar 2010 - by PreSalt.com - Source: Agencia Petrobras

Petrobras issued the following clarification regarding a story published Wednesday 10/03:

Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA) clarifies that announced on Tuesday, November 9, to the National Agency of Petroleum, Natural Gas and Biofuels (ANP) the presence of hydrocarbons (oil and gas) found in well 1-BRSA-594-SPS, in the pre-salt block BM-S-9, north of the Assessment Plan of Guara, in the Santos Basin.

Last Updated on Thursday, 11 March 2010 05:00 Read more...
 

Petrobras CEO participates in CERAWeek 2010

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10 Mar 2010 - by PreSalt.com - Source: Agencia Petrobras

Petrobras’ CEO (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA), José Sergio Gabrielli de Azevedo, made a special address during CERAWeek on Tuesday, March 9, 2010, in Houston, Texas. The conference, themed “Energy: Building a New Future,” focuses on providing insight on critical opportunities and challenges facing the global energy industry.

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