Tag: Brazil Oil Industry

Brazilian state-owned oil company Petrobras, the largest in Latin America, announced today a new diesel price cut, continuing the government's policy of reducing fuel prices, thanks to which inflation fell by 0.68% in July. Petrobras said that a liter of...
RIO DE JANEIRO, BRAZIL - Petrobras was the only Brazilian company to rank among the top 10 Brazilian hydrocarbon producers in May, according to the latest monthly report from Brazilian regulator ANP. The last time this was the case was...
RIO DE JANEIRO, BRAZIL - Latin America's largest oil company, Petrobras, is majority-owned by the Brazilian state but regularly defies the explicit wishes of its majority shareholder regarding fuel pricing. That is why the Planalto Palace is focused this Tuesday...
RIO DE JANEIRO, BRAZIL - Latin America's leading oil company, Petrobras, is at a crossroads. Conservative President Jair Bolsonaro, on March 28, dismissed General Joaquim Silva e Luna after calling fuel price increases averaging 33% last year a "crime" against...
RIO DE JANEIRO, BRAZIL - According to preliminary data from the National Petroleum Agency (ANP), the average oil production in Brazil last year was 2.905 million barrels per day (barrels/day) The average oil production in Brazil in 2021 was 2.905...
RIO DE JANEIRO, BRAZIL - Brazil has no plans to join the Organization of Petroleum Exporting Countries (OPEC) for the time being. However, it is working with the group, Mines and Energy Minister Bento Albuquerque said Wednesday (17). President Jair...
RIO DE JANEIRO, BRAZIL - Brazil has reached record revenue from royalties and participation in oil and natural gas production in 2021 due to the high dollar and international oil prices. According to a study by the Brazilian Center for...
RIO DE JANEIRO, BRAZIL - The government didn't want to admit that foreign companies have no interest in buying fields near environmental protection areas. And it was punished with the shameful disaster of the recent ANP auction, writes Alexander...
RIO DE JANEIRO, BRAZIL - Colombia's Ecopetrol won one of the 92 concessions to explore and produce oil and natural gas in Brazil's offshore waters that were auctioned this Thursday by the National Petroleum Agency (ANP, regulator). Ecopetrol obtained a...

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