eNergy Culture

RIO DE JANEIRO Feb 14 (Reuters) - Petrobras , Brazil's state-controlled oil company, said Tuesday it would add 336,000 barrels of new oil output in Brazil in 2012, cutting its previous estimate of 480,000 barrels of additional production a day.  

RIO DE JANEIRO (Reuters) - Petrobras' new chief executive, Maria das Gracas Foster, said on Monday her concern is to increase oil and gas output but she did not plan to expand the investment budget for Brazil's state-run oil company. Petrobras  

RIO DE JANEIRO (Dow Jones)--Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, won't boost spending beyond its existing $225 billion program, the company's new chief executive said Monday. "Increasing investments ...  

RIO DE JANEIRO -(Dow Jones)- Brazilian state-run energy company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, is evaluating how to deal with wayward refinery partner Petroleos de Venezuela SA, a Petrobras executive said Friday.  

Lower oil prices could also reduce future cash flow to finance investment. Petrobras has financed much of its new spending with debt despite a $70 billion stock sale in 2010, the largest ever stock offer. Net debt rose 50 percent to 54.9 billion ...  

The world’s fifth largest oil company, Petroleo Brasileiro SA, or Petrobras, (NYSE: PBR) has its up days and its down days. Today is one of those downers. The Brazilian oil giant said today that its northeast Carioca field would be shut in for 2 months as the company repairs a riser connecting a well to [...]  

Latin American Herald TribuneBrazil's Petrobras To Lease 26 Oil Rigs; 5 More Than PlannedFox BusinessBR) on Thursday said it has reached an agreement to buy a total of 26 offshore oil rigs from two companies, five more than it had originally planned. Petrobras, as the firm is known, opted to extend the package to take advantage of the terms it had ...Petrobras struggles to hit investment, output goalsReutersPetrobras to lease 26 drill rigs for...  

Feb. 10 (Bloomberg) -- Petroleo Brasileiro SA, Latin America’s largest oil producer by market value, plunged the most in six months after quarterly profit missed estimates. Petrobras fell 6.7 percent to 23.80 reais at 1:38 p.m. in Sao Paulo ...  

MEXICO CITY, Feb 10 (Reuters) - Latin American stocks posted their biggest drop of the year on Friday after progress on a bailout of Greece stalled, spurring fears of a messy default while Brazil's state-controlled oil company Petrobras posted ...  

* Petrobras investment declined 5.1 percent in 2011 * Gasoline imports rise as refineries lag demand * Shares tumble more than 5 pct on Friday after Q4 results * New oil drilling rig contract the largest ever signed By Jeb Blount RIO DE JANEIRO ...  

SAO PAULO Feb 10 (Reuters) - Brazil's benchmark Bovespa stock index fell about 2 percent on Friday, after a Greek austerity deal failed to convince European authorities and Brazil's state-controlled oil company Petrobras posted weak earnings.  

It was a clear sell signal for Enron. I worked with Enron during the early 1990s on some energy projects in Asia. They were smart, aggressive, swashbuckling types who could also turn on the Texas charm at the drop of a hat. The Chairman, Ken Lay ...  

It depends how one defines "good" news. Last week Brazilian state-controlled oil company Petrobras announced that it had struck good-quality light oil in its Amazonas state's Solimoes Basin SOL-T-171 concession block, which it owns 100 percent. In a market ...  

CALGARY, ALBERTA-- - RMP Energy Inc. today provided the following updates:Ante Creek DrillingRMP is pleased to report that it has successfully drilled and completed its exploration Montney light oil well at Ante Creek in West Central Alberta. The 100% working interest well, located at 4-35-66-24W5, was ...  

Oil prices slipped on Wednesday after official data revealed that crude inventories rose by much more than expected in the United States last week, but losses were limited by tensions over Iran and unrest ...