Petrobras to Invest $1.4 Billion to Produce Low-Sulfur Diesel

Written by Paulo Nogueira

Published on 02/08/2019 at 01:00

Updated on 01/08/2019 at 18:52

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Petrobras Aims To Enable Its Refineries To Produce Diesel With Lower Sulfur Content, This Project Will Cost The Oil Company US$ 1.4 Billion

The Executive Manager of Logistics at Petrobras, Mauro Mendes, announced that the state-owned company will invest US$ 1.4 billion to enable its refineries to produce diesel with lower sulfur content. The executive will participate in the event of the Brazilian Institute of Oil, Gas and Biofuels (IBP) presenting the Riopipeline fair, which will take place in September.

“We will have some important investments in refining, in order to ensure low sulfur content in diesel. Several investments are being planned, totaling US$ 370 million in logistics and US$ 1.4 billion in refining,” informed the Petrobras manager in his speech.

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Government Wants To Auction Oil And Gas Blocks Beyond The 370 Km Limit Of Brazil’s Continental Shelf And Increase Reserves By 50%.

Brazil will have a ‘mirror of the pre-salt’ for sale in the next two years. An area the size of Uruguay has already been recognized. The new frontier for oil exploration in an area the size of the pre-salt is on the government’s radar for private initiatives. The Ministry of Mines and Energy intends to include in auctions, in the next two years, exploratory blocks at sea beyond the 200 nautical mile limit (about 370 kilometers from the coast) established by the United Nations (UN) as the country’s exclusive economic area.

The main focus is the area near the pre-salt. Experts estimate that exploring this maritime area could increase Brazil’s oil and gas reserves, currently estimated at 15.9 billion barrels, by 50%.

Studies are advanced and for the first time in 2020 or 2021, blocks that can extend up to the limit of 350 nautical miles, almost 650 kilometers from the coast, will be auctioned. The greatest potential is seen in the area adjacent to the pre-salt, in the Santos Basin, in the Southeast.

Extensive list of offshore vacancies to meet immediate positions for PLSV of Subsea 7

Petrobras to Invest $1.4 Billion to Produce Low-Sulfur Diesel

Petrobras Aims To Enable Its Refineries To Produce Diesel With Lower Sulfur Content, This Project Will Cost The Oil Company US$ 1.4 Billion

Government Wants To Auction Oil And Gas Blocks Beyond The 370 Km Limit Of Brazil’s Continental Shelf And Increase Reserves By 50%.

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Oil at the center of global disputes and historical transformations

Petrobras to Invest $1.4 Billion to Produce Low-Sulfur Diesel

Petrobras Aims To Enable Its Refineries To Produce Diesel With Lower Sulfur Content, This Project Will Cost The Oil Company US$ 1.4 Billion

Government Wants To Auction Oil And Gas Blocks Beyond The 370 Km Limit Of Brazil’s Continental Shelf And Increase Reserves By 50%.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

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Mercedes has created an electric motor with over 1,000 horsepower that weighs only 12.7 kilograms — less than a suitcase and with the highest power density ever recorded.

At over 8 meters tall and resembling a trunk, this creature dominated the Earth 400 million years before the dinosaurs — and science still doesn’t know what it was.

China inaugurates a 24 km monster that is a bridge, tunnel, and museum at the same time — and 90,000 cars pass through it every day.

Oil at the center of global disputes and historical transformations