Brazilian state oil company Petrobras said Wednesday it has sold onshore and shallow offshore fields in Brazil for $823 million, part of the company’s efforts to divest assets to focus Continue Reading
Brazil this week pulled out of hosting next year’s United Nations global summit on climate change, the latest signal that Latin America’s largest nation no longer aspires to be an Continue Reading
Brazil has more than doubled the number of risky ship-to-ship oil transfers this year, but its monitoring of such offshore maneuvers is lax, to a point where a July 2017 Continue Reading
Over the past few years, Brazil has held several very successful oil auctions under production-sharing contracts in its pre-salt layer, attracting major oil companies to its prized offshore oil area. Continue Reading
The government blamed illegal logging for the rise Deforestation of the Amazon rainforest in Brazil has hit its highest rate in a decade, according to official data. About 7,900 sq Continue Reading
The 14 subsalt areas that Brazil sold at the country’s five production-sharing auctions will yield about 2.1 million b/d and 24 million cu m/d in fresh output by 2028, according Continue Reading
In the past, Brazil’s massive state-owned oil company Petroleo Brasileiro SA (Petrobras) has operated at the whim of Brazilian politics, a volatile model to say the least. After years of Continue Reading
Brazil’s new far-right President elect Jair Bolsonaro, dubbed in some circles as the “Trump of the tropics”, has huge plans in store for Brazilian crude. His energy team is planning Continue Reading
Brazilian state-run oil firm Petrobras ( NYSE:PBR ) reported on Tuesday a net income for Q3 surging more than 20 times compared to the profit for the same quarter last Continue Reading
Brazil’s state energy giant Petrobras has decided not to go through with a drilling plan at a field operated by Chevron, effectively ruining the supermajor’s plans for the field, Reuters Continue Reading
