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O.J. Simpson's ex-girlfriend says he threatened her, compared her to Nicole
RIO DE JANEIRO, Feb. 21 (UPI) -- Brazilian energy company Petrobras announced it discovered oil in a deep-water play about 125 miles off the coast of Rio de Janeiro.
Petroleo Brasileiro, known also as Petrobras, said it discovered "good quality oil" at its deep-water Florim well below the salt layer of the lucrative Santos Basin.
Petrobras said, once drilling is completed below the salt layer, it would conduct tests to determine the reserve's productivity. The company said it expected to determine if the reserve is of commercial value by late 2014.
Earlier this week, Petrobras said it started oil production at the Bauna field in the southern section of the Santos Basin using a floating, production, storage and offloading vessel.
The FPSO at Bauna is connected to a well that can produce as much as 12,000 barrels of oil per day. The company said peak production from the site is expected by August.
Brazil ranks second behind Venezuela in terms of proven oil reserves in South America.
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WASHINGTON, May 23 (UPI) --
U.S. President Barack Obama was the last obstacle to getting the Keystone XL oil pipeline built through the country, the chairman of a House committee said.
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KIEL, Germany, May 23 (UPI) --
Rheinmetall Defense of Germany has received a $46.4 million contract to modernize 25 more Fuchs/Fox armored transport vehicles for the Bundeswehr.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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