Brazil Announces Incentives and New Investments in Ethanol Fuel
A new regulation signed this week by the Ministry of Mines and Energy, is expected to help Brazil’s ethanol sector...
June 19, 2019Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
Recent Huge Gas Discovery by Petrobras Could be Gamechanger for Brazil
Brazilian Oil giant Petrobras made its biggest discovery in Sergipe since pre-salt, in 2006. From six fields, it expects to...
June 17, 2019
Brazil’s Petrobras Nears Sale of Offshore Oilfields
Brazilian oil giant Petrobras has set a June 5 deadline to receive final binding offers for its Pampo and Enchova...
May 29, 2019
Petrobras Reduces Petrol Price in Refineries by 4.4 Percent
By Contributing Reporter RIO DE JANEIRO, BRAZIL - Petrobras reduced this Saturday the price of petrol sold in its refineries...
May 26, 2019
Record High Divestments for Petrobras in Q1
Brazilian Oil giant Petrobras announced record-high divestments of US$ 11,3 billion in the first four months of the year. The...
May 16, 2019
Major Mining Companies are Among Largest Polluters
By Richard Mann, Contributing Reporter RIO DE JANEIRO, BRAZIL - As many as 100 companies are responsible for more than...
May 12, 2019
Petrobras Profit is Down 42 Percent in the First Quarter
NePetrobras has recorded a net profit of R$4.031 (US$1) billion in the first quarter, representing a 42 percent decrease in...
May 8, 2019
Oil Production Grows 2.8 Percent from February to March
Oil production in Brazil grew 2.8 percent from February to March, according to the monthly bulletin of the National Agency...
May 5, 2019
Petrobras Receives Investment From top Brazil Hedge Fund as “Stock is Cheap”
One of Brazil’s best-performing hedge funds has been scooping up the shares of state-controlled oil giant Petrobras.
May 4, 2019