New Petrobras Chief Urges Oil Exploration Acceleration

29 May 2024 CW Team

In a bid to revitalise Brazil's energy landscape, Petrobras, the nation's leading oil company, has appointed a new chief executive officer. The newly appointed leader is spearheading an ambitious initiative to accelerate oil exploration activities across Brazil's prolific oil fields. This strategic move comes amidst a backdrop of increasing global energy demands and a desire to harness Brazil's abundant natural resources.

With a focus on streamlining operations and implementing cutting-edge technologies, Petrobras aims to optimise exploration processes and extract maximum value from its oil reserves. The company's renewed emphasis on efficiency and innovation underscores its commitment to remaining competitive in the ever-evolving global energy market.

Key initiatives include leveraging advanced seismic imaging techniques to identify promising oil prospects, streamlining drilling operations to enhance productivity, and implementing sustainable practices to minimise environmental impact. By embracing these initiatives, Petrobras seeks to unlock the full potential of Brazil's oil reserves while ensuring responsible stewardship of the environment.

Furthermore, Petrobras is actively engaging in strategic partnerships and collaborations to further enhance its exploration capabilities. By leveraging the expertise and resources of industry partners, the company aims to accelerate exploration timelines and expedite the development of new oil discoveries.

As Petrobras embarks on this ambitious exploration drive, it is poised to play a pivotal role in shaping Brazil's energy future. With a steadfast commitment to innovation, efficiency, and sustainability, the company is well-positioned to strengthen its position as a global leader in the oil and gas sector.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..