Oil and Gas Business
Oil export tax should slow investments, says the Brazilian Institute of Oil and Gas
The creation of an oil export tax should curb investments in the sector and have consequences on the federal...
Brazil sets oil and gas production record in February
Brazilian oil and gas production rose 0.19% in February compared to January.
The number refers...
Brazil: oil workers cross arms on Friday and evaluate the possibility of a strike
The workers linked to Brazil's Unique Petroleum Workers Federation (FUP) will paralyze activities on Friday (24) to assess the possibility of going on strike...
Argentine oil company YPF registers record profit and production in 2022
The state-owned oil company Yacimientos Petrolíferos Fiscales (YPF) closed in 2022 with a net profit of more than US$2.2...
Brazil produced a record 3.25 million barrels of oil...
Brazil's oil production rose 5.9% in January from the previous month and registered a record 3.255 million bpd (barrels...
Petrobras: oil and gas production falls 2.1% in the fourth quarter
The total production of Petrobras in the fourth quarter of 2022 reached 2.64 million...
What is Equatorial Margin? See 10 questions and answers about Brazilian Petrobras’ new bet
By Gabriela Ruddy
The year 2023 could mark the return of Petrobras to a region that has not received new oil and gas exploration activities in the country for years, the Equatorial Margin. The company is...
Guyana: Highest GDP growth rate in the world
Most South American economies have grown sluggishly this year. But Guyana is an outlier, both regionally and globally. The small country is on track to achieve the world's highest GDP growth rate in 2022 -...
Petroecuador will increase oil production in two fields
The public company Petroecuador reported that it obtained environmental licenses for various activities in the Auca field - Block 61 and in the Pacoa...
Brazil: Lula da Silva’s PT party to cancel privatization projects
The privatizations and concessions that are carried out by the government of President Jair Bolsonaro (PL - Liberal Party) should be reviewed, postponed or canceled with the inauguration of Luiz Inácio Lula da Silva (PT...
Brazil: New oil discovery announced offshore
Brazil's national oil company, Petrobras, and its partners announced a new oil discovery in the northwest of the Sépia field, about 250 kilometers south of the coast of Rio de Janeiro.
The companies are expected to...
Australian Senator Gerard Rennick: "There has been a lot of misleading advertising in regards to the safe and effective claim….the risks have never been clearly outlined"
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