Royal Dutch Shell plc .com Rotating Header Image

Posts Tagged ‘Brazil’

Shell Sells Stake in Offshore Brazil Oil Block to Japan’s Inpex

BusinessWeek Logo

By Peter Millard

March 11 (Bloomberg) — Royal Dutch Shell Plc. confirmed that it sold part of its stake in an offshore Brazilian oil block to Japan’s Inpex Corp.

Shell said in an e-mailed statement today that it sold 15 percent of the BM-ES-23 block. Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, operates the block with a 65 percent stake.

Financial terms of the deal weren’t disclosed.

To contact the reporter on this story: Peter Millard in Mexico City at pmillard1@bloomberg.net

To contact the editor responsible for this story: Jessica Brice at jbrice1@bloomberg.net

SOURCE ARTICLE

Shell bets on ethanol in $21 billion deal with Brazil’s Cosan

SAO PAULO (Reuters) – Royal Dutch Shell Plc plans to make the biggest-ever foray into biofuels by an oil major, striking a deal with Brazil’s Cosan to create a $21 billion a year ethanol joint venture.

Click to continue reading “Shell bets on ethanol in $21 billion deal with Brazil’s Cosan”

Cosan, Shell Plan Sugar, Ethanol Venture in Brazil

Feb. 1 (Bloomberg) — Cosan SA Industria & Comercio, the world’s largest sugar-cane processor, and Royal Dutch Shell Plc said they plan to combine ethanol, sugar and distribution assets in Brazil.

Click to continue reading “Cosan, Shell Plan Sugar, Ethanol Venture in Brazil”

Shell – First million barrels of oil from ultra-deep water off Brazil

Shell is the operator with a 50% share with partners Petroleo Brasileiro (Petrobras) holding 35% and India’s ONGC Campos Ltda. 15%.

Click to continue reading “Shell – First million barrels of oil from ultra-deep water off Brazil”

Brazil Field Puts Shell in a Good Spot

Royal Dutch Shell PLC is the latest in a small group of Western energy companies pumping crude out of Brazil amid intensifying international interest in the country’s deepwater oil reserves.

Click to continue reading “Brazil Field Puts Shell in a Good Spot”

Shell begins production at Parque das Conchas (BC-10) offshore Brazil

Rio de Janeiro, July 13, 2009 – Shell today started production at its multi-field Parque das Conchas project 110 kilometres off Brazil’s south-east coast, where heavy oil resources lie beneath waters nearly two kilometres deep in the Campos Basin.

Click to continue reading “Shell begins production at Parque das Conchas (BC-10) offshore Brazil”

Shell’s Odum Says Brazil Oil Rules to Lure Spending

The Hague-based Shell, which has invested $2.8 billion in crude exploration and production in Brazil since 1998, will hold off on spending plans for the pre-salt area until rules are clear, said Marvin Odum, head of the company’s oil and exploration for the Americas.

Click to continue reading “Shell’s Odum Says Brazil Oil Rules to Lure Spending”

Shell Oil Acquires 45 Gas Stations In Brazil

SAO PAULO (Dow Jones)–Royal Dutch Shell PLC (RDSA, RDSB) announced on Tuesday night the acquisition of 45 gas stations in Brazil’s center-west region from local group Simarelli.

Click to continue reading “Shell Oil Acquires 45 Gas Stations In Brazil”

Exxon finds oil near massive Brazilian fields

SAO PAULO, Brazil: Exxon has told Brazilian officials it discovered oil in deep water off Rio de Janeiro, near massive fields that could hold as much as 80 billion barrels of oil.

Click to continue reading “Exxon finds oil near massive Brazilian fields”

Mergers, Acquisitions Loom Over Brazil Sugar, Ethanol Indus

Brazil’s state-run energy giant Petroleo Brasileiro SA (PBR), or Petrobras, as well as Royal Dutch Shell PLC (RDSA) and BP PLC (BP) have also been reported as keen to grab assets in the ethanol segment.

Click to continue reading “Mergers, Acquisitions Loom Over Brazil Sugar, Ethanol Indus”