Exxon prepares to bid for new oil blocks in Brazil -sources
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
A Slow-Motion Climate Disaster: The Spread of Barren Land
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 Oil Major Plans To Invest $68 Billion In Boosting Production
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
Destruction of Brazilian Amazon Surges to 15-Year High, New Data Show
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
Brazil: Amazon sees worst deforestation levels in 15 years
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
What Would Happen If Brazil Privatized Its National Oil Company?
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
Brazil’s Bolsonaro says Petrobras privatization would be ‘ideal’ as fuel prices rise
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
Amazon Blazes Propel Brazil CO2 Emissions to Highest Since 2006
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
‘We don’t have water’: South American dam faces energy crunch as river ebbs
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
Petrobras Concludes Bribery Settlement With U.S. Justice Department
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