Brazil President Jair Bolsonaro’s government said it aims to include state oil company Petrobras (PETR4.SA) in its privatization program on Thursday, despite analysts calling it a long-shot for the far-right Continue Reading
Brazil’s President Jair Bolsonaro speaks during a ceremony to announce new measures for Brasil Empreendedor (Entrepreneurial Brazil) credit program at the Planalto Palace in Brasilia, Brazil May 25, 2022. REUTERS/Adriano Continue Reading
Brazil’s right-wing president Jair Bolsonaro fired the chief executive of oil producer Petrobras – the second in two months – after the company refused to sell fuels at a discount Continue Reading
The carbon emissions of JBS, the world’s largest meatpacking company, soared more than 50 per cent in the past five years, according to new research that lays bare the challenge Continue Reading
Brazil is looking to fill part of the supply gap caused by sanctions on Russia over its invasion of Ukraine. Despite a miss on Exxon’s recent exploration push, Brazil’s oil Continue Reading
Brazil is searching for new fertilizer suppliers as the war in Ukraine threatens to cut off shipments to one of the world’s breadbaskets, with potential ripple effects on already high global Continue Reading
Petrobras is going ahead with several projects in oil and gas while demand remains high. Brazil’s oil major could expand to offer greener diesel and biofuels, supporting the decarbonization of Continue Reading
The impact of the La Nina weather pattern that’s expected to roil global food markets in coming months is already showing up in parts of Brazil, the world’s biggest soybean Continue Reading
Several oil majors on Friday committed to exploring deep-sea oil prospects off Brazil’s coast following an auction widely seen as a test of the industry’s appetite for crude in the Continue Reading
Exxon Mobil Corp. is prepared to bid on Friday for new blocks in Brazil’s deep-water oil fields, a focus area for its oil and gas production growth, people familiar with Continue Reading
The land has sustained the Dantas family for more than 150 years, bearing fields of cotton, beanstalks up to a grown man’s hip and, when it rained enough, a river Continue Reading
Brazil’s Petrobras plans to invest $68 billion in expanding its crude oil production, a figure that represents 84 percent of its total planned investments for the period 2022-2026. Offshore Technology Continue Reading
Deforestation in the Brazilian Amazon rainforest has reached a 15-year high, newly released data shows. The surge is prompting environmentalists and scientists to question the government’s willingness to meet the Continue Reading
Deforestation increased in the Amazon by 22% during the 2020-21 period Deforestation in Brazil’s Amazon rainforest has hit its highest level in over 15 years, official data shows. A report Continue Reading
Rising fuel costs and a surge of inflation is threatening Brazil’s economic recovery. In response to the crisis, President Bolsonaro is floating the idea of privatizing the country’s national oil Continue Reading
Brazilian President Jair Bolsonaro said on Monday that dealing with high fuel prices is his top priority and he sees privatization of the state-run oil company Petrobras as the “ideal” Continue Reading
Brazil’s carbon dioxide emissions soared last year due to greater deforestation in regions including the Amazon, dealing a fresh blow to President Jair Bolsonaro’s environmental credentials. Emissions rose 9.5% versus Continue Reading
The giant Itaipu hydroelectric power plant, wedged between Paraguay and Brazil on the Parana River, is facing an energy crunch amid record low river and rainfall levels that experts say Continue Reading
Brazilian state-controlled oil company Petróleo Brasileiro SA said Monday it had completed overhauls to its compliance program, bringing to a close a settlement agreement with U.S. authorities over a vast Continue Reading
The Brazilian subsidiary of Royal Dutch Shell (RDSa.L) will invest 3 billion reais ($565 million) in renewable energy in the country through 2025, executives said on Tuesday. Most of the Continue Reading
In a little over a decade Latin America’s largest economy Brazil has become a leading global oil producer. At the end of 2020, Brazil was not only pumping the most Continue Reading
Brazil’s Mines and Energy Minister Bento Albuquerque on Tuesday warned that the country’s energy crisis was worse than previously thought, as a record drought hampers hydropower generation. In a televised Continue Reading
As Brazil’s oil industry looks set to soar over the next decade, with the potential to provide almost a quarter of the world’s offshore oil by 2025, Big Oil is Continue Reading
Brazil is in talks with Argentina about potentially building a $5-billion natural gas pipeline from the Argentinian Vaca Muerta shale play, Brazilian President Jair Bolsonaro said during his weekly live Continue Reading
Wildfires in the southern Amazon last year and in the nearby Pantanal region were the worst on record, mainly due to the deadly combination of drought and human activity. These Continue Reading
Brazil is hoping to attract oil majors to new deepwater projects that would employ low-carbon extraction technology, Reuters has reported , citing country officials. According to unnamed sources, Exxon, TotalEnergies, Continue Reading
The global push to substantially reduce carbon and other fossil fuel emissions is expected to sharply impact demand for fossil fuels. It will eventually trigger a phenomenon known as peak Continue Reading
Brazil’s national power grid operator (ONS) said on Friday that severe drought is likely to push the country’s power generation capacity to its absolute limit by November, as hydroelectric plants Continue Reading
Brazil’s national power grid operator (ONS) has asked electricity generators to postpone maintenance and technical work for as long as possible to help avoid worsening the energy crisis stemming from Continue Reading
Brazil’s expected oil output surge this decade will make it the world’s fifth-largest crude exporter in 2030, Brazilian Mines and Energy Minister Bento Albuquerque said in an interview with The Continue Reading
Latin America’s largest oil producer Brazil is one of the worst affected countries globally by the COVID-19 pandemic. According to the World Health Organization, Brazil is the third ranked country Continue Reading
Brazil’s worst water crisis in nearly a century is fueling inflation that’s reverberating through the economy, posing an additional challenge for the central bank and for President Jair Bolsonaro’s re-election Continue Reading
The United States and Brazil, the world’s top two ethanol producers, are expected to hold down production in coming months because of the surging cost of corn and sugar. Tight Continue Reading
The virus continues to spread in Brazil amid a lack of co-ordinated measures The number of deaths related to Covid-19 has passed 500,000 in Brazil, the second-highest in the world, Continue Reading
Brazil’s worst water crisis in almost a century is turning Latin America’s biggest economy into a hot spot for liquefied natural gas. As hydropower output declines, South America’s most populous Continue Reading
Brazil thinks it can do it all as it refuses to curb fossil fuel production, despite IEA warnings, while expecting to still meet environmental goals. Meanwhile, Equinor, ExxonMobil, and Petrogal Continue Reading
Equinor (EQNR.OL) , ExxonMobil (XOM.N) and Petrogal Brasil said on Tuesday they would proceed with an $8 billion development of Brazil’s Bacalhau oil discovery. First oil from the field, which Continue Reading
Brazil’s government agencies warned of droughts this week as the country faces its worst dry spell in 91 years, increasing fears of energy rationing, hitting hydroelectric power generation and agriculture Continue Reading
For most of this month, intensive care units across Brazil were at or near capacity amid a crush of COVID-19 patients, and sedatives needed to intubate patients dwindled. The nation’s Continue Reading
Brazil’s health regulator cited safety concerns while rejecting several states’ requests to import almost 30 million doses of Russia’s Sputnik V vaccine, prompting criticism from the Russian government. The five-person Continue Reading
Crude oil production in Brazil averaged 2.8 million barrels daily in the first quarter of 2021, the country’s National Petroleum Agency reported, as quoted by Reuters. This was down 6 Continue Reading
Rail-thin teenagers hold placards at traffic stops with the word for hunger — fome — in large print. Children, many of whom have been out of school for over a Continue Reading
President Joe Biden’s climate summit of 40 world leaders this week will be Brazilian President Jair Bolsonaro’s “ last chance ” to restore Washington’s confidence in Brazil’s commitment to taking Continue Reading
During a difficult 2020, Brazil’s hydrocarbon sector demonstrated its resilience in the face of a price crash and the COVID-19 pandemic. Even those events along with heightened geopolitical risks and Continue Reading
Shell plans to carry out a drilling campaign offshore Brazil in the second half of 2021, Shell Brasil President Andre Araujo said April 16. Receive daily email alerts, subscriber notes Continue Reading
Public health experts are raising alarm over Brazil this week, as the pandemic-hit nation has reached several grim coronavirus milestones, including a record number of deaths and the possible spread Continue Reading
Brazil’s brutal surge in COVID-19 deaths will soon surpass the worst of a record January wave in the United States, scientists forecast, with fatalities climbing for the first time above Continue Reading
He has sneered at the Covid-19 pandemic, even as it led Brazil’s health care system to collapse . He has ridiculed opposition lawmakers, who are gunning for his impeachment. His Continue Reading
Offshore oil and gas drilling is set for a rebound this year following a major 2020 pullback when exploration and production companies deferred many activities due to the pandemic and Continue Reading
A deforested area in Mato Grosso State in Brazil in August 2020. Destruction of the world’s forests increased last year even as pandemic shutdowns curbed economic growth, adding more pressure Continue Reading
