Tag: Oil Industry

Rio's experience in providing goods, services, and equipment to the offshore oil industry and the lower carbon footprint of Rio's industrial production compared to the rest of the world give the state a competitive advantage in globally supplying the...
By the year 2030, Guyana, the only English-speaking country in South America, is expected to earn approximately US$7.5 billion annually through several oil projects in the offshore Stabroek Block. This is according to Energy Researcher, Schreiner Parker, speaking at a...
RIO DE JANEIRO, BRAZIL - The Brazilian government announced Monday the replacement of José Mauro Ferreira Coelho, who held the presidency of state oil company Petrobras for 40 days and was the third in office during the current administration...
RIO DE JANEIRO, BRAZIL - After challenging the Brazilian president with another diesel price hike, the bosses of state-owned Petrobras are now getting a short leash. President Jair Bolsonaro (PL) has dismissed the Minister of Mines and Energy, Admiral Bento...
RIO DE JANEIRO, BRAZIL - Brazil's state-owned company Petrobras, one of the largest oil companies in Latin America, posted a profit of US$8.6 billion in Q1 2022, ranking second in profit-to-revenue ratio. Petrobras converted 31.6% of its revenues into profits...
RIO DE JANEIRO, BRAZIL - Brazil produced 2.981 MMbbl/d (million barrels per day) of oil in March, up 2.2% from the previous month and 4.8% from March 2021. Another 134 MMm3/d (million cubic meters per day) of natural gas was...
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 - Brazil's Energy Ministry has named Marcio Andrade Weber as the new president of Petrobras, following a week-long power vacuum at Latin America's largest oil producer, which has become the focus of a political dispute...
RIO DE JANEIRO, BRAZIL - Brazil will increase its oil production by 10% to help stabilize the international oil market. This was announced by the Minister of Mines and Energy, Bento Albuquerque, at a ministerial meeting at the International...

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