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Brazil: Petrobras announces discovery at an exploratory well in Santos Basin
Petrobras announced, on Wednesday morning (17), that it has identified the presence of hydrocarbons in a well being drilled in the Santos Basin, in...
Oil Giant BG Santos Test Falls Flat
By Sarah Coursey, Editor
RIO DE JANEIRO - The second confirmation of a dry well in the Santos Basin pre-salt area was announced by BG...
Brazil’s Natural Gas Dilemma
Over the past fifteen years, Brazil has experienced a significant 138% increase in natural gas production.
This remarkable growth, fueled by the Santos Basin's pre-salt...
Brazil Expands Oil Reserves to Highest Level Since 2015
In 2023, Brazil recorded its highest oil reserves since 2015, achieving 15.9 billion barrels. This 7% increase over last year is significant.
It marks the...
Brazil’s Oil Production Sees Second Monthly Decline in January
In January, Brazil's oil production fell 1.8% to 3.519 million bpd, marking its second consecutive monthly decline.
Yet, this figure represents a 7.5% increase from...
Petrobras’s $1.7 Billion Oil Drilling Eco Initiative
In a new development, Petrobras is launching a $1.7 billion project to reinject CO2 from oil extraction back underground.
This technology is making the drilling...
Brazil’s Oil and Gas Sector Poised for Major Investments
Brazil is set to revolutionize its oil and gas sector, expecting over R$500 billion ($101 billion) in investments from 2024 to 2028.
These funds will...
Brazil Targets Self-Reliance in Natural Gas
In 2024, Brazil plans a significant increase in its natural gas production by 14 million cubic meters daily.
This move aims to boost energy self-sufficiency....
Brazil Has Enough Gas, But Faces Infrastructure Hurdles
At a Senate committee meeting, Rodolfo Saboia, ANP's director-general, stated that Brazil can fulfill its natural gas requirements.
However, poor infrastructure blocks the gas from...
Brazil’s Finance Minister Discusses Safe Equatorial Drilling
Brazilian Finance Minister Fernando Haddad said on Canal Livre Sunday that Brazil may tap oil in the Equatorial Margin. He stressed doing it safely...
Brazil broke its oil and gas production record in July
Brazil broke its oil and gas production record in July, extracting 4.48 million barrels of oil and natural gas equivalent daily, said the regulatory...
Death of endangered whale foal sparks debate over boat tours in Brazil’s Santa Catarina state
In Florianópolis, Santa Catarina, an endangered right whale calf was found dead on Joaquina Beach on Monday (14).
The cause of death appears to be...
Tragic discovery: most endangered dolphin in the southern hemisphere is found dead
In Florianópolis, a devastating incident unfolded as the lifeless body of a rare marine mammal, the Toninha (Pontoporia blainvillei), was discovered.
Regrettably, this dolphin species,...
Coral reef threatens Brazil’s oil production increase
By Peter Willard
The existence of a reef near the mouth of the Amazon River threatens to derail Brazil's biggest bet to expand oil production.
Petrobras...