So why did Obama give this company billions? Surely they can afford their own expenses.
Brazil Petrobras March Total Gas, Oil Output At 2.614M BOE/DayLast update: 4/26/2011 10:16:32 AMRIO DE JANEIRO (Dow Jones)--Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said Tuesday that total crude oil and natural gas production rose 2.3% year-on-year in March. Petrobras produced 2.614 million barrels of oil equivalent, or BOE. Petrobras domestic crude oil output also advanced 2.3% year-on-year in March to 2.04 million barrels a day. That was also up from 2.02 million barrels a day in February. Petrobras also produced 142,200 barrels of crude a day from its international operations. Several platforms that had been shuttered for maintenance return to operation during the month, while the company also started an extended well test at the Sidon field in the Santos Basin, Petrobras said. Petrobras' crude oil production should continue to grow in 2011 as several key projects ramp up output, including the pilot production project at the Lula field and the P-57 platform at Marlim. Natural gas output, meanwhile, was up 4.6% in March versus the same month last year, although output was down fractionally from February, Petrobras said. Domestic natural gas output was 53.467 million cubic meters a day in March, while international operations yielded 16.239 million cubic meters a day. -By Jeff Fick, Dow Jones Newswires; 55-21-2586-6085; jeff.fick@dowjones.com (END) Dow Jones NewswiresApril 26, 2011 10:16 ET (14:16 GMT) |
