The Brazilian state-run oil firm has approved a business plan for 2025-2029, with projected investments of USD 77 billion in exploration and production, USD 20 billion in refining, transportation, and marketing, and USD 11 billion in gas and low-carbon energy.
Browsing: petrobras
The Brazilian company saw a decline in oil production in the third quarter but posted a record high in the share of pre-salt oil in refineries and an increase in the production of oil products. In September, it achieved the best monthly result for the utilization factor of its refining capacity.
Brazilian oil company approved the resumption of operations of plant ANSA, which is located in southern state Paraná and has been mothballed since 2020. Fertilizer production became part of Petrobras’s 2024-2028 strategic guidelines.
Executives from the Kuwait Foreign Petroleum Exploration Company met this week in Brazil with industry giants such as Petrobras, Chevron, and Shell.
The president of the Brazilian oil company, Jean Paul Prates, presented plans to increase gas exploration and output.
In cooperation with private company Equinor, the Brazilian oil company will assess the implementation of seven wind power generation projects off the Brazilian coast.
The Brazilian company announced its refineries were running nearly full tilt at the end of June.
The oil company finalized the sale of 51% of its stake in Gaspetro to Compass for USD 394. The sale is part of a commitment to promote competition in the natural gas sector in Brazil.
The Brazilian company carried out the first tests in the production of the fuel, which could help the airline industry reduce CO2 emissions.
The Brazilian oil company ended March with high use of the capacity of its refineries. Average for the month was 89%.
The oil company posted several record numbers last year, including pre-salt production. The company has also increased its gasoline, diesel and jet kerosene sales.
This year, the company announced it reached 104 liquefied natural gas cargo transshipments at its regasification terminals, reflecting an increase in LNG imports.
With Petrobras unprepared to attend the demand for gasoline and diesel in November, the Brazilian market could seek products overseas to avoid shortages.
The Brazilian oil company announced this Monday (20) its goal of neutralizing greenhouse gas emissions in operations under its control, following the deadlines of the Paris Agreement.
