International Business News - PBRA http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Ecuador's president is threatening to nationalize an Amazon oil field if Brazil's state oil company doesn't hand it over quickly. President Rafael Correa says Petroleo Brasileiro SA has not followed through on a two-week-old deal giving Ecuador's state oil company control of the field. http://www.ibtimes.com/articles/20081004/correa-warns-petrobras-over-ecuador-oil-field.htm Sat, 04 Oct 2008 15:43:00 EDT Oil and gas companies Anadarko Petroleum Corp. and Devon Energy Corp. announced Tuesday an oil discovery off Brazil in the Campos Basin. The well is in approximately 4,650 feet of water about 25 miles southeast from discoveries at the giant Jubarte field by Petrobras, Brazil's state-run oil company. http://www.ibtimes.com/articles/20080930/us-oil-companies-announce-oil-discovery-off-brazil.htm Tue, 30 Sep 2008 17:34:41 EDT President Luiz Inacio Lula da Silva is promising the global credit crisis won't halt big infrastructure projects in Brazil. Silva says work will continue on Amazon hydroelectric dams, sewage systems for Rio de Janeiro's slums, and other projects. http://www.ibtimes.com/articles/20080918/brazil-global-crisis-wont-stall-infrastructure.htm Thu, 18 Sep 2008 14:20:03 EDT Brazil's state-run oil company Petrobras says it broke its monthly domestic production record in August. Petroleo Brasileiro SA says it produced 1,885,196 barrels per day last month domestically. That is a 4.3 percent jump from August 2007, and a 1 percent increase over July of this year. http://www.ibtimes.com/articles/20080916/brazils-petrobras-hits-record-oil-production.htm Tue, 16 Sep 2008 22:27:11 EDT Oil tanker owner and operator Ship Finance International Ltd. said Tuesday it agreed to acquire two drilling rigs from Seadrill Ltd. for $1.7 billion. http://www.ibtimes.com/articles/20080916/ship-finance-acquires-2-drilling-rigs-for-1-7b.htm Tue, 16 Sep 2008 09:52:54 EDT Brazil's state-run oil company says it has approved contracts for 10 new floating production, storage and offloading units. The units will be used in the massive offshore oil fields discovered in the past few years by Petroleo Brasileiro SA, or Petrobras. It wasn't immediately clear how much money the contracts were worth. http://www.ibtimes.com/articles/20080915/brazils-petrobras-contracts-for-10-fpsos.htm Mon, 15 Sep 2008 15:11:52 EDT Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange: NYSE http://www.ibtimes.com/articles/20080912/aig-lehman-gm-chipotle-are-among-big-movers.htm Fri, 12 Sep 2008 16:52:21 EDT Brazil's state-run oil company said Wednesday an offshore field is expected to yield the equivalent of 3 billion to 4 billion barrels of recoverable light crude and natural gas, adding to recent promising reserves the country has discovered. http://www.ibtimes.com/articles/20080910/brazils-petrobras-confirms-light-crude-discovery.htm Wed, 10 Sep 2008 20:47:22 EDT Brazil's state-run oil company has begun tapping massive oil reserves recently found under a thick layer of salt beneath the ocean floor. President Luiz Inacio Lula da Silva and Petroleo Brasileiro SA officials were on hand Tuesday for the ceremonial extraction of the first pre-salt oil. http://www.ibtimes.com/data/articleimgs/121235-brazil-petrobras.jpg http://www.ibtimes.com/articles/20080902/brazil-taps-oil-from-huge-deep-offshore-find.htm http://www.ibtimes.com/articles/20080902/brazil-taps-oil-from-huge-deep-offshore-find.htm Tue, 02 Sep 2008 19:33:19 EDT The Japanese firm Modec said Tuesday that it won a contract with Petrobras to build a floating production and storage facility that will drill for oil off the coast of Brazil in the nation's giant Tupi field. http://www.ibtimes.com/articles/20080826/modec-wins-petrobras-contract.htm Tue, 26 Aug 2008 20:24:36 EDT Brazil's state-run oil company is planning to bring 63 new oil rigs into operation at newly discovered offshore fields and other sites by 2018. Petrobras' Chief Financial Officer Almir Barbasa said Wednesday that 59 of the rigs will be able to drill in very deep waters. The company has made several deep finds in pre-salt layers off the coast of Rio de Janeiro in the past year. http://www.ibtimes.com/articles/20080813/petrobras-to-add-63-offshore-rigs-amid-expansion.htm Wed, 13 Aug 2008 13:08:42 EDT Brazil's government-run oil company Petrobras said Monday the second quarter of 2008 was its most profitable ever, thanks to higher oil prices, increased production and reduced operating costs. http://www.ibtimes.com/articles/20080811/brazil-petrobras-2q-profit-up-29-percent.htm Mon, 11 Aug 2008 21:16:33 EDT Brazil's state-run oil company announced a deal Friday to buy Exxon Mobil's fuel distribution operations in Chile, continuing its expansion across Latin American energy markets. http://www.ibtimes.com/articles/20080808/brazils-petrobras-buys-part-of-exxons-chile-unit.htm Fri, 08 Aug 2008 17:20:39 EDT Brazil's state-run oil company announced a new deep-water discovery of light crude in the Santos Basin off the coast of Rio de Janeiro state, extending a string of offshore finds that could transform Brazil into a world oil power. http://www.ibtimes.com/articles/20080808/brazils-petrobras-finds-more-light-crude-offshore.htm Fri, 08 Aug 2008 15:26:39 EDT An oil workers union says it has reached an agreement with government-run oil company Petrobras over compensation for travel time to and from oil rigs, averting a strike threatened for Tuesday. http://www.ibtimes.com/articles/20080804/brazil-offshore-oil-workers-rescind-strike-threat.htm Mon, 04 Aug 2008 15:56:22 EDT Brazil's oil workers have backed off threats of a general strike in August because government-run Petroleo Brasileiro SA is offering them a bigger share of profits. http://www.ibtimes.com/articles/20080731/brazil-oil-workers-back-off-strike-threat.htm Thu, 31 Jul 2008 14:09:39 EDT Brazilian state oil company Petrobras said Friday it will begin long-duration tests next year in the recently discovered Tupi oil field--a first step toward establishing the size of its reserves. http://www.ibtimes.com/articles/20080725/brazils-petrobras-to-begin-tests-of-oil-field.htm Fri, 25 Jul 2008 16:46:55 EDT Union officials say offshore oil workers have ended their five-day strike. The Sindipetro-NF union says workers returned to their jobs as scheduled on Saturday without reaching a deal with Brazil's state oil company. http://www.ibtimes.com/data/articleimgs/94319-brazil-oil-strike.jpg http://www.ibtimes.com/articles/20080720/brazil-oil-rig-workers-end-strike.htm http://www.ibtimes.com/articles/20080720/brazil-oil-rig-workers-end-strike.htm Sun, 20 Jul 2008 05:11:49 EDT Brazilian offshore oil workers said they would end a five-day strike at midnight Friday without reaching an agreement with state oil company, but warned they make walk out again if the Petrobras does not make a new offer. http://www.ibtimes.com/articles/20080718/brazil-oil-rig-workers-set-to-end-strike.htm Fri, 18 Jul 2008 15:08:40 EDT A strike by workers at the offshore oil rigs owned by state oil company Petrobras entered its second day, but a high ranking government official said Tuesday he believes it could end within days. http://www.ibtimes.com/articles/20080715/brazil-oil-workers-strike-enters-second-day.htm Tue, 15 Jul 2008 12:39:04 EDT