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20.08.2014 Chariot Agrees Farm out in Brazil

Chariot Oil & Gas Limited’s wholly owned subsidiary, Chariot Brasil Petróleo e Gás Ltda., has signed a farm-out agreement with AziLat Limited through its local subsidiary AziBras Exploração de Petróleo e Gás Ltda, the company reported in a news release.

11.08.2014 Brazil oil output at record 2.246m bpd in June: 6.9% higher over a year ago

Natural gas output reached 88.6 million cubic meters (m³), up 2.4% from May's production of 84.5 million m³ per day, and up 8.2% June on June.

21.07.2014 Brazil eyeing Japan's help in oil project

Brazil plans to use Japanese technology in building a floating structure and ships for its huge offshore oil development project, media reports said Sunday.

30.06.2014 Ratings firms fret over cost of Petrobras' new Brazil oil rights

Ratings firms have expressed concern about a Brazilian government decision to sell billions of dollars worth of offshore oil rights to Petrobras, saying the move will weigh on the state-run oil company’s cash flow and creditworthiness.

21.05.2014 Brazil's Petrobras finds light oil in subsalt field

Brazil's state-run oil firm Petroleo Brasileiro SA confirmed on May 20 that it has found light oil in well 1-SPS-98 drilled in subsalt layers of the Santos Basin, Reuters has reported.

21.05.2014 Indian ONGC Videsh earnings grow in FY 2014

Financial results of ONGC Videsh Ltd, the wholly-owned subsidiary of ONGC, for the year ended 31st March 2014 were considered and approved by the Board in its meeting held on May 20, ONGC Videsh’s press office has said.

06.05.2014 JDR Targets Global Growth With New Brazilian Facility

JDR, a leading provider of technology connecting the offshore energy industry, is increasing its global footprint with the opening of a new service and maintenance facility in Brazil.The JDR facility will be the latest addition to the bustling port city of Macaé when it

05.05.2014 Petrobras announces pre-salt oil production rises 2.4% and breaks new record in March

Petrobras has announced that its total oil and natural gas production in Brazil in March was 2,331 thousand barrels of oil equivalent per day (boed), up by 0.2% from February’s production of 2,327 thousand boed.

28.04.2014 China wants more Latin American oil

China might be slowing economically but it still wants to buy more oil from Latin America and invest in infrastructure in the region, with a presidential visit planned for July, Chinese and Brazilians officials said on April 25, Reuters reported on April 26.

01.04.2014 BP cuts Brazil staff

BP Plc (BP/), Europe’s second-largest oil company by sales, is cutting its Brazilian workforce three years after entering the South American country’s exploration and production industry, Bloomberg reported on March 31.