Brazil oil

Petrobras audits did not hint at graft: Former chair

Regular audits of Petrobras gave no hint of the massive corruption scandal now engulfing the Brazilian state oil giant, its former chair said Thursday.

Mar 27, 2015, 09:09 AM IST

Petrobras and Videocon JVfind more oil in Brazil

Brazil`s state-run oil company Petroleo Brasileiro SA and its Indian partners have found more light crude oil in the Sergipe Basin off Brazil`s Northeast coast, according to a securities filing on Thursday.

Jan 09, 2015, 11:58 AM IST

Oil discovery in BPCL-Videocon block in Brazil

The state-owned firm has confirmed excellent productivity of good quality crude following a drilling test.

Oct 21, 2013, 18:41 PM IST

Brazil discovers large oil deposit

The reserve could yield nearly a billion barrels of crude, representing one of the world's largest finds of its kind in 2013, Xinhua cited the company as saying Friday.

Sep 28, 2013, 15:12 PM IST

Brazil oil giant Petrobras to invest $236.7 bn

About 62 percent of the funds (USD 147.5 billion) will be allocated for exploration and production; 27 percent (USD 64.8 billion) for refining, transportation and distribution; and 4 percent (USD 9.9 billion) for the gas and energy segments.

Mar 18, 2013, 11:55 AM IST

Brazil to auction new oil blocks in 2013

Brazil is planning an auction of new oil and gas exploration and production blocks for May 2013, although that long-delayed round will depend on prior approval of a new regulatory framework, Mines and Energy Minister Edison Lobao said.

Sep 20, 2012, 12:20 PM IST