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Pre-Salt Oil and Gas News

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...
 

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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In Brazil it is approved FGTS to capitalize Petrobras

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

The House of Representatives approved yesterday (3), amendment that allows workers who bought shares of Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA), with funds from the Guarantee Fund for Employees (FGTS) to use up to 30% of the balance of their accounts of the fund to acquire new shares of Petrobras, in the process of capitalization of the company for extracting oil from the pre-salt (subsalt).

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Brazilian government wants to speed up voting for pre-salt

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2 Mar 2010 - by PreSalt.com - Source: Brazil Agency

The Brazilian government wants to accelerate the roll of bills dealing with the exploration of the pre-salt (subsalt) and the four proposals are approved through the month of June by the Congress, said yesterday (1) the government leader in the House, Mr Candido Vaccarezza (PT-SP). "If we have strength we will conclude the vote of projects in the House this week."

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STX EUROPE setting up a new shipyard in Brazil

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04 Mar 2010 - by PreSalt.com - Source: STX Europe

STX EUROPE setting up a new shipyard in BrazilTo meet the growing market in Brazil, especially with the expected demand by Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA) and the pre-salt layer, STX Europe will expand its shipbuilding capacity for Offshore & Specialized vessels by setting up a new shipyard. The yard will be located in Fortaleza, in the Ceará state of Brazil.

STX Europe entered the Brazilian market ten years ago, and has by continuous effort and excellent cooperation with its local partners PJMR developed a strong position to meet the demanding requirements of the oil and gas industry in Brazil.

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Approved the project of capitalization of Petrobras

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

The House of Representatives approved yesterday (2) in symbolic vote, the main text of the bill dealing with capitalization of Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA) for the exploration of oil and gas in the pre-salt layer, subject to amendments and highlights that aim to change the text. In the afternoon, party leaders have agreed to vote today (3) the amendments and highlights the project.

Last Updated on Wednesday, 03 March 2010 07:08 Read more...
 

Petrobras discovers oil in the post-salt and sub-salt in the same well

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25 Feb 2010 - by PreSalt.com - Source: Agencia Petrobras

With the drilling of one well (6-BR-63A-RJS) Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA) has discovered two new oil reserves in reservoirs located in the Campos Basin, a post-salt and other pre-salt.

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