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Pre-Salt Oil and Gas News

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...
 

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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Omissions may compromise capitalization of Petrobras

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08 Mar 2010 - by PreSalt.com - Source: Agência Brasil

The proposed capitalization of Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA), in package of four bills sent to Congress by the government to regulate the exploiration of oil in the pre-salt layer, has a series of "omissions" that could undermine the initiative. The analysis was performed by four legislative consultants of the Senate, the study Assessment of the Proposed Regulatory Framework of the Pre-Salt, which should inform the parliamentary debate on the matter.

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Brazil - Establishment of "Petro-Sal" may be ineffective

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08 Mar 2010 - by PreSalt.com - Source: Agência Brasil

The need to establish a state enterprise, the Petro-Sal, to oversee the consortium of oil exploration in the pre-salt is one of the main questions raised by four Senate's legislative consultants, two lawyers and two economists, in the the study of Assessment of the Proposed Regulatory Framework of Pre-Salt.

Last Updated on Monday, 08 March 2010 14:31 Read more...
 

House may vote on bills to share pre-salt royalties

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09 Mar 2010 - by PreSalt.com - Source: Agência Brasil

The full House may vote today (9) the project on the basis of sharing and distribution of oil royalties from the pre-salt (sub-salt). The session is scheduled for 16h.

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The sharing of oil is considered unconstitutional by consultants.

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08 Mar 2010 - by PreSalt.com - Source: Agência Brasil

Brazil - The four legal consultants of the Senate, two lawyers and two economists, who have made a detailed analysis of the bills to regulate the exploiration of oil in the pre-salt (sub-salt) layer, say there are flaws in the bill 5938/2009 establishing the  sharing scheme in place of concessions.

Last Updated on Monday, 08 March 2010 15:23 Read more...
 

Brazil - vote on the pre-salt will be Wednesday

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08 Mar 2010 - by PreSalt.com - Source: Agência Brasil

The House of Representatives must conclude on Wednesday (10) to vote on projects dealing with oil exploration in the pre-salt (sub-salt). Missing still be voted an appeal and submitted an amendment to a bill that deals with the system of sharing and distribution of royalties from pre-salt oil exploration. The main text of the proposal was approved in December of the last year, but was pending the decision on the distribution of royalties between the states.

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