Tag: Brazilian oil

Eight multinational oil companies, including some of the world's largest, have registered for a contest in which Brazil will offer rights to exploit oil and natural gas in the gigantic pre-salt reserves in very deep waters of the Atlantic...
RIO DE JANEIRO, BRAZIL - President Jair Bolsonaro (PL) commented on the reduction of natural gas supply by the Bolivian state-owned company YPFB (Yacimientos Petrolíferos Fiscales Bolivianos) to Petrobras. According to the head of the Executive, the neighboring country and...
RIO DE JANEIRO, BRAZIL - Brazil is self-sufficient in petroleum: it produces a daily average of 3 million barrels of oil, a volume more than sufficient to supply domestic consumption, 2.5 million barrels per day. But it still needs...
RIO DE JANEIRO, BRAZIL - On May 9, Petrobras announced a further 8.9% increase in diesel prices at refineries, against the express wishes of President Bolsonaro. From May 10, the average price per liter will go from R$4.51 (US$0.88) to...
RIO DE JANEIRO, BRAZIL - The Brazilian oil company Petrobras announced on April 2 the entry into operation of the Guanabara deepwater exploitation platform, capable of extracting 6% of Brazil's current hydrocarbon production. The gigantic platform, installed in Mero, a...
RIO DE JANEIRO, BRAZIL - Petrobras announced a 3.4% increase in the average production of oil, natural gas liquids (NGL), and natural gas in the first quarter of this year compared to the fourth quarter of 2021. The company...
RIO DE JANEIRO, BRAZIL - India, the world's third-largest oil importer and consumer, is seeking to boost oil purchases from Brazil, said India's Petroleum Minister Hardeep Singh Puri on April 21 after a meeting with Brazilian Mines and Energy...
RIO DE JANEIRO, BRAZIL - The new president of Petrobras, José Mauro Ferreira Coelho, did not talk about changes in the fuel price policy when he took office on April 14. For him, maintaining parity with the international market...
RIO DE JANEIRO, BRAZIL - Brazilian economist Adriano Pires, proposed by the government of Jair Bolsonaro to preside over Petrobras, desisted on Monday from succeeding Joaquim Silva e Luna, dismissed after applying several increases in fuel prices, as confirmed...



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