Brazil’s Pre-salt Oil Production Grows 4.6 Percent From September to October
RIO DE JANEIRO, BRAZIL - In relation to October 2018, the increase reached 30.1 percent. In total, 2.39 million barrels...
December 3, 2019Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
Petrobras Signs Contract to Sell Subsidiary Liquigás for R$3.7 Billion
The sale value is R$3.7 billion (US$925 million). As part of the operation's structure, Itaúsa will invest minority equity in...
November 20, 2019
Brazil’s Petrobras to Sell All Assets in Uruguay
RIO DE JANEIRO, BRAZIL - In a note, the company stated that its aim was to sell 100 percent of...
November 13, 2019
High Prices, Hidden Costs Discouraged Buyers at Brazil’s Petroleum Auctions
The enormous buildup surrounding this week’s petroleum field auctions in Brazil flopped as no major oil company came forward to...
November 10, 2019
Will Brazil Soon Join OPEC?
RIO DE JANEIRO, BRAZIL - (ECNS China) Jair Bolsonaro said that he would "personally like Brazil to become a member...
November 4, 2019
Brazil Gets Ready for Two Mammoth Petroleum Auctions in November
In a little over a week, Brazil’s government will hold two auctions for oil and gas exploration and production areas,...
October 27, 2019
Petrobras Recorded Net Profit of R$9.1 Billion in Third Quarter
Petrobras' net profit in the third quarter of 2019 totaled R$9.1 (US$2.27) billion - the equivalent of R$0.70 per share
October 25, 2019
Petrobras Reports Improved Results in Third Quarter 2019
RIO DE JANEIRO, BRAZIL - According to the data announced by the company, there was growth in the production of...
October 18, 2019
Environmentalists Applaud No Bids for Oil Fields Near Coral Reefs
SÃO PAULO, BRAZIL – Despite the apparent success of last week’s auction, organized by Brazil’s National Agency of Petroleum, Natural...
October 13, 2019