Activity in the Oil and Gas sector (including regulatory)
Brazil’s Tupi oil field is expected to create billion of dollars of revenues for oilfield service companies with the expertise to tap the reservoir.
Brazil's Sao Paulo state government will fight for a share of the royalties from oil and gas production in the newly-found oil fields of Tupi and Jupiter, which are expected to be destined to Rio de Janeiro state, local press reported March 10.
Petrobras registered an average daily refining record of 1,885,700 barrels of oil and liquefied natural gas equivalent at its refineries in February, the company said March 11.
Petrobras’ production start at Brazil's large Mexilhao gas field off the coast of Sao Paulo state may be delayed once more, the Estado newswire said March 10. The delay could be as long as 6 months.