petrobras

Pirates? Terrorists? You make the call. gCaptain reports that just months after arriving on location, the Petrobras-owned Ocean Rig Poseidon was recently attacked while drilling for oil off the coast of Tanzania, Africa. Officially, Tanzania's Registrar of Ships released this statement:

Brazilian energy giant Petrobras, through its wholly-owned subsidiary Petrobras Biocombustível, will invest a massive $2.5 billion between 2011 and 2015 to increase production of biodiesel and ethanol. This hefty chunk of change is part of $4.1 billion Petrobras earmarked for its biofuels ...

Brazilian energy company Petrobras has set aside nearly $400 million for research and development related to advanced biofuels, including cellulosic ethanol and aviation fuels. According to Petrobras Biocombustível's head of technology management, João Norberto Noschang Neto, the ...

Brazilian energy giant Petrobras expects demand for biofuels to soar within the next decade and will spend $3.5 billion over the next four years to at least double its biofuel output. However, Brazil's mines and energy minister Edison Lobao told Petrobras (a company that's partially owned by the ...

Brazil's President Inázio Lula da Silva visited Europe not long ago and he promoted the benefits of Brazilian biodiesel in France and Spain. This might have seemed like a good idea, if it weren't for the fact that Spain's biggest oil company, Repsol, had just frozen the construction of a new ...

Japan currently imports half a billion liters of ethanol per year, and about 380 million of those come from Brazil. The Brazilian energy giant Petrobras thinks that this business can be expanded, so besides a refinery that it has just bought in Okinawa, the company is planning to open ethanol fuel ...

Petrobras has announced that it's creating a subsidiary company which will work exclusively with biofuels and could become Brazil's leading biofuel exporter. The Brazilian giant believes a new company will create good economies of scale to reduce costs in biofuel production, storage and ...

Luiz Inácio Lula da Silva, the President of Brazil visited last week a plant near São Paul which is testing a new method to obtain ethanol from sugarcane pomace bagasse (what's left after sugar is extracted). Petrobras, the company that is financing this research hopes to obtain 40 ...

Petrobras continues saying they can be one of the most powerful oil companies in the world by means of biofuels. The truth is that the latest movements from Brazil and its state-owned oil company leave no doubt about their expansion intentions.Now it's the turn of José Sergio Gabrielli, ...

Portugese energy company Galp Energia is hooking up with Brazil's PetroBras on a new biodiesel project for the European market. The plan is produce 600 thousand tonnes per year of vegetable oil in Brazil that will be converted to biodiesel fuel. The new project will be a 50/50 joint-venture between ...