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Pre-Salt Oil and Gas News

Urgency to pre-salt projects is read in the Senate

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

Requests for urgency, made by the government, for the processing of the pre-salt (sub-salt) projects bills of Social Fund, Sharing System and Petrobras Capitalization (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA) were read at the end of yesterday afternoon (22) on the Senate. The projects will have 45 days to be transacted in the respective technical committees of the House. After the deadline, the materials will go directly to the discussion and vote.

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Petrobras says the importance of the regulatory framework of the pre-salt

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19 Mar 2010 - by PreSalt.com - Source: Agencia Petrobras

Petrobras says the importance of the regulatory framework of the pre-saltThe Manager of Strategy and Planning of New Business of Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA), Maximiano da Silva Scuta attended the morning of Thursday (18/03) of the opening panel of the seminar "What is the pre-salt, the importance to Brazil and to Santa Catarina ", held at the Socio Economic Centre of Federal University of Santa Catarina (UFSC) in the neighborhood of the Trindade, in Florianópolis, state of Santa Catarina.

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Pre-salt projects in Brazil is in the hands of senators

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

The definition of the schedule votes on the projects of the regulatory framework of the pre-salt is pending the Senate. The projects are to be voted the capitalization of Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA), the change of licensing scheme for sharing of production, the creation of the PETRO-SAL and distribution of royalties from oil and gas between States and Municipalities.

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Brazil, Minister talks about pre-salt projects sent to the Senate

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

The Minister of Institutional Relations, Alexandre Padilha, said yesterday (11) expect the Senate to resolve the problem created by the amendment related to the pre-salt (sub-salt), adopted on 10/03 at the Chamber of Deputies, which reduces the participation in the distribution of royalties oil to the producing states. The amendment affect states such as Rio de Janeiro and Espirito Santo.

Last Updated on Monday, 15 March 2010 09:08 Read more...
 

Royalties of pre-salt may be left after the elections.

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

The government leader in the Senate, Romero Juca (PMDB-RR) said yesterday (17) that the vote of the distribution of oil royalties between the federal government, states and municipalities can be left after the elections. Predicting difficult to resolve disagreements, Juca wants to withdraw from the discussion of royalties of other projects that are part of the regulatory framework of the pre-salt (sub-salt), whose vote is a priority for government.

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Pre-salt is the path for Brazil to become a major exporter of oil

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15 Mar 2010 - by PreSalt.com - Source: Café com o Presidente

The President Luiz Inácio Lula da Silva said today (15) wants the country to produce oil products of better quality and that this could be achieved through investment in refineries by Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA). In his weekly "Breakfast with the President", he noted that oil and gas will be extracted from the pre-salt layer is the path that Brazil would become a major oil exporter.

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Brazil - House approves distribution of royalties

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

The House of Representatives has voted (10/03) by 369 votes to 72, and two abstentions, the amendment by Mr Ibsen Pinheiro (PMDB-RS) and Humberto Souto (PPS-MG) which provides for the distribution of royalties from oil exploration among all states and municipalities, according to the rules of Equity funds.

Last Updated on Thursday, 11 March 2010 15:16 Read more...
 


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