Brazil Signals It Will End Fuel Subsidies if Oil Calms Near $80
Brazil will wind down its diesel and gasoline subsidies if oil settles near $80 after the US-Iran deal, a Treasury...
June 17, 2026Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
US Eases More Venezuela Oil Rules as Schlumberger Signs On
The US has eased seven licenses for Venezuela oil and gas, and services giant SLB has signed a technology deal,...
June 14, 2026
Venezuela Hands Shell a Gas Licence in Big Energy Reopening
The Shell Venezuela gas licence lets the major explore and export from the idle Loran field in 2026, a concrete...
June 13, 2026
India and Venezuela Deepen Oil Ties at the Modi–Rodríguez Summit
The Modi–Rodríguez summit pushed India and Venezuela past one-off oil cargoes toward supply contracts, investment and a debt deal, as...
June 7, 2026
Mexico’s Pemex Bets $5bn to Revive Petrochemicals and Fertilizer
Pemex will invest about $5bn to revive Mexico's petrochemical and fertilizer plants, a sovereignty bet that aims to cut imports...
June 5, 2026
Vaca Muerta Gas Could Reshape South America’s Energy Map
Argentina's Vaca Muerta gas could reshape South America's energy map, with a pipeline build-out topping $10bn to carry shale gas...
June 4, 2026
Oil heads for sixth monthly drop and the worst performance since 2015
By Paul Burkhardt and Yongchang Chin Despite the slight rise in West Texas Intermediate (WTI) crude for June on Friday...
April 28, 2023
Petrobras announces US$5.2 billion to expand gas supply
The president of Petrobras, Jean Paul Prates, announced this Monday (17) an investment plan of US$5.2 billion to expand the...
April 18, 2023
Brazil’s oil and gas production dropped 11.95% in March vs. February
Brazil's average oil and natural gas production retreated 11.95% in March from a record high in the previous month to...
April 18, 2023