oil giant

Brazil to auction new oil blocks in 2013


September 20th, 2012 - 12:11 pm ICT by IANS
Brasilia, Sep 20 (IANS/EFE) 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 ... Read more...

Posted in Business |

Production at Venezuela gas field to start in 15 months


September 7th, 2012 - 11:29 am ICT by IANS
Lecheria (Venezuela), Sep 7 (IANS/EFE) Spain's Repsol said it expects production at the Perla gas field, located off Venezuela's northwestern coast and one of the world's largest, to begin in ... Read more...

Posted in Business |

Venezuela confirms start-up of oil exploration off Cuba


September 6th, 2012 - 10:48 am ICT by IANS
Lecheria (Venezuela), Sep 6 (IANS/EFE) State-owned oil giant Petroleos de Venezuela, or PDVSA, has started exploring for oil in deepwater areas off Cuba, Oil and Mining Minister Rafael Ramirez said."It ... Read more...

Posted in Uncategorized |

Mexico makes large offshore oil find


August 30th, 2012 - 12:10 pm ICT by IANS
Mexico City, Aug 30 (IANS/EFE) Mexican state-owned oil giant Petroleos Mexicanos, or Pemex, has made a large deep-water light crude discovery in the Gulf of Mexico off the coast of ... Read more...

Posted in Business |

Brazilian firm makes deepwater oil find


August 27th, 2012 - 11:18 am ICT by IANS
Rio de Janeiro, Aug 27 (IANS/EFE) Oil and gas have been found in a deepwater basin in the Atlantic, Brazilian state-controlled oil giant Petrobras said.Tests confirmed the presence of petroleum ... Read more...

Posted in Business |

Brazil says offshore find holds high-grade oil


August 15th, 2012 - 11:25 am ICT by IANS
Rio de Janeiro, Aug 15 (IANS/EFE) Preliminary drilling has confirmed that an offshore deposit discovered in March contains significant reserves of light crude, Brazilian state oil giant Petrobras said."New oil ... Read more...

Posted in Uncategorized |

Venezuela boosts oil sales to China


August 14th, 2012 - 11:47 am ICT by IANS
Caracas, Aug 14 (IANS/EFE) Venezuela has increased oil sales to China to 640,000 barrels a day, the Andean nation's energy minister said."Before, we never sold a single barrel of petroleum ... Read more...

Posted in Business |

Brazil oil giant announces new find


August 4th, 2012 - 12:31 pm ICT by IANS
Rio de Janeiro, Aug 4 (IANS/EFE) Brazilian state-controlled oil company Petrobras has announced the discovery of a new oil find at a deep-water well off the country's northeast coast.Petrobras said ... Read more...

Posted in Business |

Brazilian oil giant announces contracts worth $4.5 bn


July 21st, 2012 - 10:49 am ICT by IANS
Sao Paulo, July 21 (IANS/EFE) Brazilian state-controlled oil giant Petrobras and its partners BG Group, Petrogal Brasil and Repsol Sinopec will sign 10 contracts worth $4.5 billion for the construction ... Read more...

Posted in Business |

Chevron faces $25 mn fine for Brazil oil spill


July 20th, 2012 - 12:46 pm ICT by IANS
Rio de Janeiro, July 20 (IANS/EFE) Brazil's National Petroleum Agency said Thursday that Chevron Corp. will be fined nearly 50 million reais ($24.7 million) for an oil leak at an ... Read more...

Posted in Business |

Gazprom inks sponsorship deal with Chelsea


July 18th, 2012 - 6:23 pm ICT by IANS
Moscow, July 18 (IANS/RIA Novosti) Russian energy giant Gazprom has inked a three-year sponsorship deal with Roman Abramovich-owned Chelsea football club.The contract announced late Tuesday commits the company, which is ... Read more...

Posted in Sports |

Brazilian oil giant makes new deep-water find


July 13th, 2012 - 11:58 am ICT by IANS
Rio de Janeiro, July 13 (IANS/EFE) Brazilian state-controlled oil giant Petrobras said that it has discovered a new deep-water crude deposit.In a regulatory filing Wednesday, Petrobras said the find was ... Read more...

Posted in Business |

Putin cracks down on car sirens used by officials


May 19th, 2012 - 3:55 pm ICT by IANS
Moscow, May 19 (IANS/RIA Novosti) In an effort to quell public anger over the misuse of flashing lights on the country's roads, Russian President Vladimir Putin Saturday slashed by almost ... Read more...

Posted in World |

Japan, South Korea plan big oil investments in Venezuela


April 30th, 2012 - 11:37 am ICT by IANS
Caracas, April 30 (IANS/EFE) Japan and South Korea plan to invest nearly $14 billion in various energy projects in Venezuela, Energy Minister Rafael Ramirez said."In total between Japan and Korea ... Read more...

Posted in Business |

Exxon Mobil’s earnings fall


April 27th, 2012 - 2:07 pm ICT by IANS
Washington, April 27 (IANS) US oil giant Exxon Mobil said Thursday its earnings fell 11 percent in the first quarter of the year, due to lower oil-and-gas production and higher ... Read more...

Posted in Business |

Ecuador expects China to fully finance refinery


April 23rd, 2012 - 11:30 am ICT by IANS
Quito, April 23 (IANS/EFE) Ecuador expects China to provide all of the financing for the Refineria del Pacifico, a mega-refinery for processing crude and the largest public works project in ... Read more...

Posted in Business |

Loss of permit in Argentina a surprise: Petrobras


April 5th, 2012 - 12:05 pm ICT by IANS
Rio de Janeiro, April 5 (IANS/EFE) The decision by Argentina's Neuquen province to cancel a concession granted to Petrobras caught the Brazilian state-controlled oil giant by surprise, CEO Maria das ... Read more...

Posted in Uncategorized |

Mexican oil giant sells $327 mn in bonds


March 14th, 2012 - 11:41 am ICT by IANS
Mexico City, March 14 (IANS/EFE) State-owned oil giant Petroleos Mexicanos said it sold 300 million Swiss francs ($327 million) worth of bonds on the international market.The seven-year bonds, which carry ... Read more...

Posted in Business |

Brazilian navy refloats tanker in Antarctica


March 5th, 2012 - 2:06 pm ICT by IANS
Brasilia, March 5 (IANS/EFE) A tanker that had sunk in Antarctica has been refloated and docked, the Brazilian navy said Sunday.The tanker, carrying about 10,000 liters of fuel, had sunk ... Read more...

Posted in World |

Venezuela pays Exxon $250 mn for nationalized assets


February 17th, 2012 - 11:28 am ICT by IANS
Caracas, Feb 17 (IANS/EFE) Venezuela has paid US oil giant ExxonMobil $250 million in compensation for the 2007 nationalization of crude assets.This brings an end to a "legal situation established ... Read more...

Posted in Business |

Mexican oil giant needs $25 bn in annual investment


February 8th, 2012 - 1:41 pm ICT by IANS
Mexico City, Feb 8 (IANS/EFE) State-owned oil giant Petroleos Mexicanos, or Pemex, will "require annual investment and acquisitions" for its operations "exceeding 320 billion pesos (nearly $25.2 billion)" over the ... Read more...

Posted in Business |

Brazil’s oil production hits record high


February 3rd, 2012 - 2:02 pm ICT by IANS
Rio de Janeiro, Feb 3 (IANS) Brazil's oil and natural gas production was a record high in 2011, authorities said Thursday.According to National Petroleum Agency, Brazil's oil production totalled 768 ... Read more...

Posted in Uncategorized |

Brazilian bourse enjoy best January in six years


February 1st, 2012 - 2:33 pm ICT by IANS
Rio de Janeiro, Feb 1 (IANS) Brazil's Sao Paulo stock exchange (Bovespa) had the best January in six years, with the benchmark Ibovespa index rising 11.1 percent in the month, ... Read more...

Posted in Business |

Mexican oil firm posts nearly $25 bn surplus in 2011


February 1st, 2012 - 12:57 pm ICT by IANS
Mexico City, Feb 1 (IANS/EFE) Petroleos Mexicanos, or Pemex, said Tuesday it posted a trade surplus of $24.99 billion in 2011, up 28 percent from the prior year.Exports totaled $55.79 ... Read more...

Posted in Business |

Woman to head Brazilian oil giant


January 24th, 2012 - 2:42 pm ICT by IANS
Rio de Janeiro, Jan 24 (IANS/EFE) The Brazilian government has nominated Maria das Gra├žas Foster to succeed Jose Sergio Gabrielli as CEO of state-controlled oil giant Petrobras, the company said ... Read more...

Posted in Business |

Brazil oil giant’s reserves’ rise


January 13th, 2012 - 11:21 am ICT by IANS
Sao Paulo, Jan 13 (IANS/EFE) Brazilian state-controlled oil giant Petrobras said its oil and gas reserves rose to 16.41 billion barrels in 2011, up 2.7 percent from the prior year.The ... Read more...

Posted in Uncategorized |

Mafia is Italy’s biggest business


January 11th, 2012 - 3:04 pm ICT by IANS
Rome, Jan 11 (IANS/AKI) The mafia in Italy -- that made around 140 billion euro (around $178 billion) in 2010 through money lending, extortion and robbery -- generated far greater ... Read more...

Posted in Uncategorized |

Mexican oil giant to spend $24 mn to repair pipeline


December 21st, 2011 - 11:25 am ICT by IANS
Mexico City, Dec 21 (IANS/EFE) State-owned oil giant Petroleos Mexicanos, or Pemex, said it planned to spend 329.8 million pesos (about $24 million) to repair a pipeline damaged in an ... Read more...

Posted in Business |

Ecuador to deliver $538 mn worth of oil to China


December 10th, 2011 - 12:46 pm ICT by IANS
Quito, Dec 10 (IANS/EFE) State oil company Petroecuador will deliver nearly $538 million worth of crude to PetroChina in 2012 in fulfillment of a cash-for-oil agreement, an executive with the ... Read more...

Posted in Business |

`Chevron out of Brazil if it fails to comply with agreement’


December 5th, 2011 - 11:56 am ICT by IANS
Brasilia, Dec 5 (IANS/EFE) US-based Chevron Corp. will have to leave Brazil if it fails to comply with the agreement it reached to deal with the damage caused by an ... Read more...

Posted in Business |

Brazil to impose more fines on Chevron for oil spill


November 30th, 2011 - 1:52 pm ICT by IANS
Rio De Janeiro, Nov 30 (IANS) Brazil's environment protection agency Ibama said Tuesday that US oil giant Chevron may be fined an additional 60 million reais ($32.6 million) for the ... Read more...

Posted in Environment |

Petrobras reports gas leak at drilling platform


November 28th, 2011 - 11:55 am ICT by IANS
Sao Paulo, Nov 28 (IANS/EFE) A "minimal amount" of gas leaked at a drilling platform off the coast of Rio de Janeiro state in the Campos basin, Brazil's main oil-producing ... Read more...

Posted in Environment |

Brazil fines Chevron for oil spill


November 22nd, 2011 - 1:12 pm ICT by IANS
Rio De Janeiro, Nov 22 (IANS) Brazilian authorities said Monday that US oil giant Chevron would pay a maximum environmental damage fine of $27.78 million for a large spill off ... Read more...

Posted in Environment |

Brazilian police question Chevron’s oil clean-up


November 21st, 2011 - 11:23 am ICT by IANS
Rio de Janeiro, Nov 21 (IANS/EFE) The head of the Brazilian Federal Police's environmental crimes unit has questioned the legality and methods being used by US-based Chevron Corp. to clean ... Read more...

Posted in Uncategorized |

Chevron to cap, abandon leaking Brazil oil well


November 16th, 2011 - 11:53 am ICT by IANS
Rio de Janeiro, Nov 16 (IANS/EFE) Brazilian oil regulator ANP approved Chevron Corp's plan to seal a leaking offshore well, the official Agencia Brasil news agency said Tuesday.The leak began ... Read more...

Posted in Business |

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