Petroleum platform in the sea silhouetted by the sunset. Economic development. Brazil.
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In-Depth Analysis, Forecasts & Data for Latin American Oil & Gas Sector
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The moratorium on new wells in the Gulf ended months ago. They still refuse to give anyone a permit to drill a new well. No. Obama and his buddy Ray LaHood wants gas at $5 a gallon because they want Americans to buy Government Motors Cars.
The Gulf Oil industry is being destroyed.
THe drilling rigs are heading to Brazil
Gas is going through the roof
DTG
After the 4.9m-barrel spill from the Macondo well in the Gulf of Mexico in 2010, oil regulators around the world are in no mood for leniency. But the blitz against Chevron, for a leak of no more than 3,000 barrels, makes some industry-watchers wonder whether Brazil wants foreign oil companies at all. “The reactions are out of proportion with the size of the leak,” says José Goldemberg, an energy and environment specialist at the University of São Paulo. Petrobras, Brazil’s state-controlled oil giant, holds a minority stake in Frade, but none of the lawsuits or fines names it as a respondent. “I don’t think there would have been the same enthusiasm for big fines if Petrobras had been drilling.”
Brazil ended Petrobras’s monopoly and opened up its oil industry to private and foreign investment in the 1990s. But its recent oil policy has been “nationalist and populist”, says Adriano Pires, a Rio-based energy consultant and former ANP official. It has restricted foreign companies to secondary roles in most new projects. A law approved in 2010 requires that in the recently discovered ultra-deep (“sub-salt”) fields, Petrobras must be the operator with a minimum 30% stake (existing concessions are unaffected). Mr Pires fears that Chevron’s mishandling of communications will only harden the new mood. The company was slow to make details of the accident public, he says, and arrogant when it did; press conferences in English went down particularly badly. “It gave the authorities another chance to claim that foreign oil companies drilling in Brazil act carelessly,” he laments.
Evento aconteceu no auditório do departamento de física da UFRN, no centro tecnológico, DFTE - Filme compacto do evento e depoimentos de ...
Its international telecommunications services include international direct dial service, international calling cards, and international call forwarding service. City Telecom (H. K. ) Limited, together with its subsidiaries, provides international telecommunications services and fixed telecommunications network services in Hong Kong and Canada....
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155 pages |
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152 pages |
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Brazil grows at fastest clip in quarter century in 2010 Raw materials such as minerals, soy and oil account for the vast majority of Brazil's exports. Last year's strong growth in Latin America's largest economy was driven by a 10.1 percent advance in civil construction, the transformation industry and |
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* Brazilian firms obtain access to oil futures Brazilian firms will now be able to trade a wider range of oil futures after IntercontinentalExchange (ICE), a US exchange and OTC trading and clearing business, signed an agreement with the country's regulator to allow access to its European products, |
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