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Petrobras Announces New Oil Accumulation Discovered in the Pre-Salt Layer in the Santos Basin
Petrobras announces that the consortium formed by Petrobras (65% - Operator), the BG Group (25%), and Galp Energia (10%), to explore block BM-S-11, in ultradeep Santos Basin waters, proved the existence of yet another light oil field, with specific
Moreover - 8 hours ago

Brazil's Embraer lays off staff in restructuring
SAO PAULO, Aug 7 (Reuters) - Brazilian aircraft manufacturer Embraer (EMBR3.SA: Quote, Profile, Research) has eliminated close to 500 management and administrative jobs in a recent restructuring to cut costs, the local metalworkers union said on
Moreover - 8 hours ago

Ecuador says Petrobras agrees new oil pact
QUITO (Reuters) - Brazilian oil giant Petrobras on Thursday agreed to switch to a new contract with Ecuador to make it only a contractor, marking a win for President Rafael Correa in his drive to boost his control over the key sector. The new service
Moreover - 8 hours ago

EXCLUSIVE-UPDATE 3-Ecuador says Petrobras agrees new oil pact
(Recast, adds analyst's comments, details and background) QUITO, Aug 7 (Reuters) - Brazilian oil giant Petrobras on Thursday agreed to switch to a new contract with Ecuador to make it only a contractor, marking a win for President Rafael Correa in his
Moreover - 8 hours ago

Unibanco Announces Consolidated Financial Results for 2Q08
SAO PAULO, Brazil, Aug. 7 /PRNewswire-FirstCall/ -- Unibanco (BOVESPA: UBBR11). Unibanco's net income reached R$756 million in 2Q08, up 18.5% when compared to 2Q07. The highlight in the quarter was the operating income of R$1,358 million, up 19.9% when
Moreover - 8 hours ago

Studies from Federal University of Minas Gerais in the area of vaccines described
- (NewsRx.com) -- Investigators publish new data in the report 'Peptides containing T cell epitopes, derived from Sm14, but not from paramyosin, induce a Th1 type of immune response, reduction in liver pathology and partial protection against Schistosoma
Moreover - 8 hours ago

Ecuador Minister: Government Reaches Contract Deal With Petrobras
QUITO -(Dow Jones)- The government of Ecuador and Petroleo Brasileiro SA (PBR) have reached a deal that will let Petrobras maintain its contracts in the Andean country, Mining and Oil Minister Galo Chiriboga said Thursday. 'We have reached an agreement
Moreover - 8 hours ago

UPDATE: Ecuador Government Reaches Contract Deal With Petrobras
(Adds details, confirmation by Petrobras.) QUITO -(Dow Jones)- The government of Ecuador and Petroleo Brasileiro SA (PBR) have reached a deal that will allow Petrobras to maintain its contracts in the Andean country, Mining and Oil Minister Galo
Moreover - 8 hours ago

UPDATE 2-Brazil's Unibanco posts lower net, lending rises
(Adds expectations of slowdown in 2009, comment, shares) By Todd Benson SAO PAULO, Aug 7 (Reuters) - Brazilian bank Unibanco (UBB.N: Quote, Profile, Research, Stock Buzz)(UBBR11.SA: Quote, Profile, Research, Stock Buzz) said on Thursday net profit fell
Moreover - 8 hours ago

Iron ore supply slow to meet demand - CVRD
and Rio Cia Vale do Rio Doce and Rio Tinto Group said that China's demand will keep the market for the steelmaking material tight as supply growth is slower than expected. Mr Eduardo Bartolomeo executive director of logistics at Vale said that there may
Moreover - 8 hours ago

President Hu Jintao Welcomes Lula
Beijing, Aug 7 (Prensa Latina) President Hu Jintao held talks with his Brazilian counterpart Luiz Inacio Lula da Silva, calling him an old friend of the Chinese people. Your presence here gives a strong support to the Olympic Games, Hu said. Hu termed
Moreover - 8 hours ago

EXCLUSIVE-UPDATE 1-Ecuador says Petrobras agrees new oil pact
(Adds minister's quote, details and background) QUITO, Aug 7 (Reuters) - Brazilian oil company Petrobras (PETR4.SA: Quote, Profile, Research) has agreed to switch to a new service contract with Ecuador, which means the company will be paid a service fee
Moreover - 8 hours ago

Ecuador Govt. Reaches Contract Deal with Petrobras
The government of Ecuador and Petroleo Brasileiro SA (PBR) have reached a deal that will allow Petrobras to maintain its contracts in the Andean country, Mining and Oil Minister Galo Chiriboga and company officials said Thursday. 'We have reached an
Moreover - 8 hours ago

Petrobras has new light-oil discovery in Santos
RIO DE JANEIRO (Reuters) - Brazil's state-run Petrobras announced on Thursday a new discovery of light oil with an API grade of around 30 in the Santos Basin, off the Sao Paulo coast. The oil was found in the Iara field, controlled 65 percent by
Moreover - 8 hours ago

Embraer Flies Second Phenom 300
Embraer?s second Phenom 300 light jet, registration PP-XVJ, made its first flight on Tuesday from Embraer?s test airfield at the Gavião Peixoto plant in Brazil. The crew consisted of Capt. Jeirgem Prust, Capt. John Sevalho Corção, and flight test
Moreover - 8 hours ago

USD 6.8 billion earmarked by Petrobras for refinery modernization
Extract not available.
Moreover - 8 hours ago

Petrobras Encounters Oil in the Santos Basin's Pre-Salt Layer
Petrobras has announced that the consortium formed by Petrobras (65% - Operator), the BG Group (25%), and Galp Energia (10%), to explore block BM-S-11, in ultradeep Santos Basin waters, proved the existence of yet another light oil field, with specific
Moreover - 8 hours ago

Galp, Petrobras, BG Find Light Oil In Brazil's Santos Basin
DOW JONES NEWSWIRES A consortium comprised of Portuguese energy company Galp Energia (GALP.LB), Petroleo Brasileiro SA (PBR) and (BG.LN) has found a new discovery of light oil with an API gravity of around 30 in the pre-salt area of Brazil's Santos
Moreover - 8 hours ago

Petrobras agrees to renegotiate Ecuador contract
Ecuador's oil minister says Brazil's state-run oil company Petrobras has agreed to renegotiate a 21-year drilling and exploration contract in the Andean nation. Oil Minister Galo Chiriboga says that under the new contract Petrobras will receive a fee for
Moreover - 8 hours ago

Petrobras discovers new oil accumulation in the pre-salt layer in the Santos Basin
The consortium formed by Petrobras (65% - Operator), the BG Group (25%), and Galp Energia (10%), to explore block BM-S-11, in ultradeep Santos Basin waters, proved the existence of yet another light oil field, with specific gravity around 30o API, in the
Moreover - 8 hours ago

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