Petrobras Bets $1.2 Billion on Jet Fuel Made From Plants
Petrobras approved a one-point-two-billion-dollar plant to make bio-jet fuel and renewable diesel at its Cubatão refinery, with start-up planned for...
June 22, 2026Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
Petrobras Teams Up With Equinor to Drill a New Campos Frontier
Petrobras agreed to take half of Equinor's Itaimbezinho block in the Campos Basin, deepening a partnership as Brazil's oil giant...
June 22, 2026
Dangote Says His Refinery Alone Is Worth US$40 Billion
Aliko Dangote claims his Lagos refinery alone is worth over US$40 billion, far above Forbes' US$38bn fortune estimate. See why...
June 22, 2026
Exxon Plans 35 More Wells Off Guyana as Regulator Opens Public Review
ExxonMobil wants up to 35 new wells off Guyana from 2028 to 2033. The regulator opened a public review and...
June 21, 2026
Africa’s Energy Bank Launches as the West Stops Lending
The Africa Energy Bank is launching in 2026 with billions to fund oil and gas, as Western lenders retreat from...
June 21, 2026
Nigeria’s Aradel Triples Profit as Oil Majors Retreat
Aradel Holdings profit surged 192% to $552M in 2025 as total assets hit $7.2B, filling the gap left by Shell...
June 21, 2026
Uruguay Will Drill Its First Big Oil Test in a Decade This Year
Uruguay will drill its first deepwater exploration well in a decade this year, the long-awaited test of whether it shares...
June 20, 2026
Suriname’s Oil Dream Inches Closer as a Gas Project Joins It
Suriname's first big offshore oil project is halfway built and a new gas field is advancing, but mixed drilling shows...
June 20, 2026
Shell-Backed Raízen Sells Its Argentina Fuel Arm to Mercuria
Raizen is selling its entire Argentina fuel business to trader Mercuria for over one billion dollars, a major step in...
June 20, 2026