Petrobrás Will Shut Down at Least 45 Offshore Production Platforms in Brazil
At least 45 oil and natural gas production platforms installed in Northeastern and Southeastern states will be shut down this...
April 16, 2020Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
OPEC+ and Russia Agree to Reduce Oil Supply, Hoping to Sustain Price
Riyadh and Moscow have agreed to reduce oil extraction by up to 10 million barrels per day and include other...
April 11, 2020
Petrobras Announces Price Drops of 4.3 Percent for Gasoline, 4.4 Percent for Diesel
RIO DE JANEIRO, BRAZIL - Petrobras (PETR3; PETR4) has announced to customers that it will reduce the prices of derivatives...
February 6, 2020
Oil and Natural Gas Production Grows 8.1 Percent in 2019
Brazilian oil and natural gas production in 2019 totaled 3.559 million barrels of oil equivalent per day, representing 1.299 billion...
February 1, 2020
How Oil Learned to Live with Middle East Conflagrations
A dramatic US drone attack kills Iran's most important general. Tehran promises to retaliate, and oil prices jump by almost...
January 14, 2020
Crude Oil Price Spikes Upward Following Conflict Between Iran and US
The value of a barrel of oil surpassed $65 on Wednesday, January 8th, an increase of more than 4 percent.
January 9, 2020
State of Rio de Janeiro Records Country’s Most Expensive Gasoline in November
Fuel in Brazil is expensive, everyone knows. Recently, Petrobras even demanded that the price of gasoline be readjusted at refineries.
December 12, 2019
Mexico Announces Largest Oil Discovery in 30 Years
Mexico's state-owned oil company Pemex announced on Friday, December 6th, the discovery of a reserve that could yield 500 million...
December 9, 2019
Norwegian Sovereign Fund Removes Petrobras from Companies Under Scrutiny
The Norwegian Bank announced yesterday, December 3rd, that it has removed Petrobras from the list of companies under scrutiny.
December 4, 2019