Mysterious Oil Spill Could Cost Brazil Billions
Just as Brazil is preparing to hold what could be a blockbuster US$50-billion oil auction in early November, an oil spill of still unknown origin on more than 200 beaches Continue Reading
Brazil’s $50 Billion Oil Boom Is Falling Apart
Exxon may not be interested in stepping up to the bidding plate at Brazil’s massive $50 billion transfer of rights auction next week, because the oilfields up for grabs come Continue Reading
Is The Brazilian Oil Boom Overhyped?
At least one large international oil player will refrain from taking part in the so-called transfer-of-rights oil auction Brazil has scheduled for next week. Repsol Sinopec, a joint venture between Continue Reading
As oil majors eye Brazil’s deepwater, smaller firms seize opportunity
As global oil firms make ever-bigger bets on Brazil’s massive deepwater fields in its ‘subsalt’ area, a swarm of small and mid-sized companies has sprung up to specialize in lower-profile Continue Reading
Why Brazil Joining OPEC Would Be A Massive Mistake
Brazil’s President Jair Bolsonaro floated the idea of joining OPEC during a visit to Saudi Arabia. Appearing at the so-called “Davos in the Desert,” Bolsonaro expressed interest in OPEC. “I Continue Reading
Brazilian Oil Giant Braces For Strikes Ahead Of $50 Billion Auction
Brazil’s state-run oil company, Petrobras, is about to get hit with a general strike action from a group representing no fewer than 12 oil worker unions, according to the group’s Continue Reading
Exclusive: Petrobras, Brazil’s government near oil marketing deal – official
Brazil’s Petrobras could take over marketing of the government’s share of crude from offshore oilfields, a government official told Reuters, adding significantly to the state-run oil firm’s trading operations. Pre-Salt Continue Reading
Oil Majors Scoop Up Very-Hot Blocks In Record Brazil Auction
ExxonMobil, Chevron, Shell, BP, and Total all won oil exploration blocks offshore Brazil in the first of three bidding rounds this year which fetched a record total amount of signing Continue Reading
Brazil’s Huge $25 Billion Oil Auction Clears Very Important Hurdle
Brazil’s massive transfer-of-rights oil auction to be held on November 7 has cleared one hurdle as the Brazilian Congress approved on Thursday one section of a larger bill that determines Continue Reading
Brazil’s Petrobras sees oil exports growing more than one-third in future years
Brazil’s Petrobras plans to increase the amount of oil it exports by more than a third in the coming years, the state-run company said in a statement on Friday In Continue Reading