Petrobras reports $754M quarterly profit

March 24, 2017 0

Brazilian state-held oil company Petrobras, the center of a huge corruption scandal in the country, reported this week it turned a $754 million profit in the fourth quarter of 2016, vs. a $9.42 billion loss in the year-earlier period.

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Petrobras’ oil, gas output slightly down in February

March 16, 2017 0

Brazilian state-controlled oil and gas company Petrobras saw its output decline slightly in February, on a monthly basis, amid scheduled stoppages at platforms. Total oil and gas output reached 2.82 million barrels of oil equivalent per day (MMMBOE/d) last month, compared to 2.86 MMBOE/d in January.

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Brazil seeks $14.2 billion in infrastructure investment

March 10, 2017 0

Brazilian government announced earlier this week plans to raise BRL 45 billion ($14.23 billion) in investments in the country’s infrastructure, in a program which will give concessions to 35 power transmission lines and other energy projects, Kallanish Energy learns.

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Colombia’s Ecopetrol to increase exploration

March 8, 2017 0

Colombia’s state-owned oil and gas firm, Ecopetrol, plans to step up its exploration campaign in regions of high prospectivity in South America, but forecast 2017 will still be a tough year, Kallanish Energy learns.

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Petrobras approves four settlements with U.S. investors

February 28, 2017 0

Brazilian state-run oil company Petrobras said its board of directors approved new settlements with four individual lawsuits in a U.S. federal court in New York last Friday, ending to date 19 individual actions, Kallanish Energy learns.

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