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Posts tagged petrobras

Anadarko announces oil discovery in Brazil

U.S. oil company Anadarko Petroleum Corp. and Devon Energy Corp has announced an oil discovery in the Campos Basin in southeastern Brazil. The field, nicknamed Anadarko, was discovered by a consortium of four companies, of which Woodlands-based Anadarko holds a 30 percent working interest in the field. Devon, with headquarters in Oklahoma City, has a [...]

Brazil Will Use Offshore Oil Revenue To Eradicate Poverty, Lula Says

Brazilian President Luiz Inacio Lula da Silva said, Brazil will direct future revenues from recent discoveries of deep-water crude reserves in so-called pre-salt  which lie 16,400 feet and 22,966 feet below sea level, toward education and combating poverty. Speaking in a nationally-broadcast, commemorating Brazil’s independence from Portugal in 1822, Lula said “The priority for the [...]