Browsing: Economy

The discovery was in Campos Basin. The recoverable volume is estimated at 25 million barrels. The new discovery should expand the recoverable volume of oil at Marimbá field, in Rio de Janeiro, by 27%.

The announcement was made today (16th) by the Brazilian private company OGX. The estimated volume of recoverable oil in the reservoirs ranges from 400 million to 500 million barrels.

In the year-to-date period ended September, the company posted revenues of US$ 245.4 million. The shoe manufacturer sells to several Arab countries, including Kuwait, Algeria, Egypt and Syria.

Rio de Janeiro – The drilling of one more oil well in Tupi field – the fourth drilled in the largest field ever discovered in the pre-salt layer by Petrobras has confirmed the Brazilian state-owned company’s estimated potential for exploration of 5 to 8 billion barrels of light oil and natural gas at the reservoir

Armtec, a small company specialized in robotics, dedicates 80% of its production to the oil and gas productive chain, doubles revenues each year and now wants to sell to Arab nations.

Rio de Janeiro – The Brazilian Ministry of Mines and Energy has issued a release confirming that the blackout in the National Interconnected System (SIN) affected 18 states in the country, and began precisely at 10:13 pm yesterday (10th). According to the release, the problem had its origin in the energy coming from the Itaipu

São Paulo – The interruption in electric power supply affected 5.8 million consumers in the region supplied by the AES Eletropaulo power company, which encompasses the capital of the state and 23 other municipalities in the state of São Paulo. According to the company – which is one out of 14 power distribution companies in

Brasília – In a three-hour meeting, president Luiz Inácio Lula da Silva accepted to expand the pre-salt oil royalties of producer states from 18% to 25%. The governors of the states of Rio de Janeiro and Espírito Santo wanted 33%. With this, the share of royalties turned to the Union dropped from 27% to 19%.

Maputo – Brazilian businessmen, whose sectors may be affected by a surcharge on 222 products imported from the United States celebrated yesterday (10), in the capital of Mozambique, the initiative adopted as retaliation against illegal subsidies granted by the North American government to cotton producers. The businessmen are on a trade delegation to the south

São Paulo – Exports of vehicles have increased 16.7% (47,196 units) last month in comparison with September (40,448 units), but decreased 31.2% when compared with October 2008 (68,641 units), according to data from the National Association of Vehicle Manufacturers (Anfavea). There was a 42% reduction in the year-to-date result. So far this year, foreign sales

Brasília – Brazil started the month of September running a trade deficit of US$ 147 million, as informed today (9th) by the Brazilian Ministry of Development, Industry and Foreign Trade. The figure resulted from US$ 2.606 billion in expos and US$ 2.753 billion in imports in the first week of the month, which had four