Oil Companies in Brazil Will Keep Tax Breaks Until 2040
The bill suspends taxes on exploration, development and production of oil and natural gas to be used in the domestic...
December 14, 2017Topic
Oil
Petrobras and Shell Lead Way in Brazil’s Pre-Salt Auction
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - Representatives from the oil industry’s heavyweights were in Rio de...
October 30, 2017
Brazil’s Petrobras Reports Oil and Gas Production Up 2.8%
According to state-controlled oil giant, Petrobras, last month, Brazil oil and natural gas production were up 2.8 percent and two...
October 19, 2017
Brazil Attracts ExxonMobile into Investing in Oil Fields
After offering R$1.2 billion in bonus, ExxonMobile wins exploration rights of Campos Basin block
October 2, 2017
Investors More Optimistic About Brazil’s Petrobras in 2017
In addition to US$4 billion secured in new bonds, company received US$5 billion financing from China Development Bank and finalized...
January 11, 2017
Brazil’s Petrobras Announces Hikes in Fuel Prices
The increases in gasoline and diesel prices are part of Petrobras' new fuel price policy to maintain international price parity...
December 6, 2016
Brazil’s Petrobras Sells Liquigás For R$2.8 Billion
The sale of Liquigás is part of the Petrobras’ 2015-2016 Divestment Plan that call for disinvestments of US$15.1 billion during...
November 18, 2016
Brazil’s Petrobras and Energy Giant Total Reach Agreement
Brazil oil giant, Petrobras, and the French oil and gas company, Total, signed a Memorandum of Understanding, setting the framework...
October 26, 2016
U.S. Dollar Closes at Lowest Value in Two Months in Brazil
The possibility of a new Congressional voting session on repatriation of assets and the increase in international oil prices influenced...
October 14, 2016