Brazil's ANP Fines Petrobras over Output Measures

Source: Reuters 7/28/2014, Location: South America

Brazil's petroleum regulator, the ANP, fined state-run oil company Petroleo Brasileiro SA 5.55 million reais ($2.49 million) after problems were discovered with gauges used to measure oil and gas output in the Lula offshore field, the ANP said on its Web site.

The output levels recorded by the gauges are used in the calculation of royalty payments to Brazil's government. An appeal by Petrobras, as the company is known, was turned down by the ANP. In July, Petrobras said each of the four wells linked to its Cidade de Angra dos Reis floating production, storage and offloading ship in Lula was producing an average of 24,000 barrels of oil a day.


Argentina >>  8/15/2022 - Echo Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce the results of the Placing, further to the Company's ...
Argentina >>  8/12/2022 - Echo Energy plc, the Latin American focused Energy company, is pleased to announce a proposed comprehensive debt restructuring together with a placing...

Nigeria >>  8/12/2022 - Seplat Energy PLC ("Seplat" or the "Company"), a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and London S...
United Kingdom >>  8/12/2022 - Highlights
Share placement commitments to raise A$14.9 million gross proceeds.
Issue price of A$0.009 per share represents a 18.2% dis...


United States >>  8/12/2022 - The Board of Directors of Westlake Corporation authorized the company to repurchase an additional $500 million of shares of its common stock under its...
United States >>  8/12/2022 - Canadian Overseas Petroleum Limited ("COPL" or the "Company"), an international oil and gas exploration, production and development company with produ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.