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Pre-Salt Oil and Gas News

BP Strengthens Core Portfolio in Pre-Salt

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11 Mar 2010 - by PreSalt.com - Source: BP Group

BP (LON:BG, OTC:BRGYY, PINK:BRGYY, PINK:BRGXF) today announced today (11) a transaction that will deliver a material exploration position in the deepwater offshore Brazil and significantly enhance its position in core strategic areas

Last Updated on Thursday, 11 March 2010 06:24 Read more...
 

Signs of oil in Block BM-S-9

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

Petrobras issued the following clarification regarding a story published Wednesday 10/03:

Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA) clarifies that announced on Tuesday, November 9, to the National Agency of Petroleum, Natural Gas and Biofuels (ANP) the presence of hydrocarbons (oil and gas) found in well 1-BRSA-594-SPS, in the pre-salt block BM-S-9, north of the Assessment Plan of Guara, in the Santos Basin.

Last Updated on Thursday, 11 March 2010 05:00 Read more...
 

Petrobras CEO participates in CERAWeek 2010

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

Petrobras’ CEO (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA), José Sergio Gabrielli de Azevedo, made a special address during CERAWeek on Tuesday, March 9, 2010, in Houston, Texas. The conference, themed “Energy: Building a New Future,” focuses on providing insight on critical opportunities and challenges facing the global energy industry.

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Omissions may compromise capitalization of Petrobras

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08 Mar 2010 - by PreSalt.com - Source: Agência Brasil

The proposed capitalization of Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA), in package of four bills sent to Congress by the government to regulate the exploiration of oil in the pre-salt layer, has a series of "omissions" that could undermine the initiative. The analysis was performed by four legislative consultants of the Senate, the study Assessment of the Proposed Regulatory Framework of the Pre-Salt, which should inform the parliamentary debate on the matter.

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Petrobras investments this year will be 79.5 $Real billion

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

The investment planned by Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA) for this year will total Real $ 79.5 billion, not Real $ 85 billion, as was informed (8/Mar) Minister Dilma Rousseff, chief of staff of the Presidency and Chairman of the Board of Directors state.

Last Updated on Wednesday, 10 March 2010 06:15 Read more...
 

House may vote on bills to share pre-salt royalties

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09 Mar 2010 - by PreSalt.com - Source: Agência Brasil

The full House may vote today (9) the project on the basis of sharing and distribution of oil royalties from the pre-salt (sub-salt). The session is scheduled for 16h.

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The sharing of oil is considered unconstitutional by consultants.

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08 Mar 2010 - by PreSalt.com - Source: Agência Brasil

Brazil - The four legal consultants of the Senate, two lawyers and two economists, who have made a detailed analysis of the bills to regulate the exploiration of oil in the pre-salt (sub-salt) layer, say there are flaws in the bill 5938/2009 establishing the  sharing scheme in place of concessions.

Last Updated on Monday, 08 March 2010 15:23 Read more...
 


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