FeaturedOil & GasPetrobras acquires BP’s stake in six offshore blocks in Foz do Amazonas BasinPritam BordoloiApril 7, 2021 by Pritam BordoloiApril 7, 2021 BP transferred its 30% stake in Petrobras... Read more
FeaturedOil & GasPetroRio agrees to buy 28.6% stake in Total’s oilfield offshore BrazilWebAdminMarch 8, 2021 by WebAdminMarch 8, 2021 The Wahoo oilfield, located in the BM-C-20 block has a production capacity of over 140 mn barrels... Read more
Business LeadersFeaturedFive board members of Petrobras to step down after CEO’s exitWebAdminMarch 5, 2021 by WebAdminMarch 5, 2021 Brazilian President Jair Bolsonaro ousted CEO Roberto Castello Branco following a string of fuel price increases... Read more
FeaturedOil & GasPetrobras continues divestment; sells Polo Urucu gas fieldInternational Finance Business DeskFebruary 3, 2021 by International Finance Business DeskFebruary 3, 2021 Eneva has established gas fields such as the Polo Gavioes which account for nearly 10 percent of Brazil's thermal power generation capacity... Read more
FeatureOil & GasPetrobras pumps an average of 2.28 mn bpd in 2020, sets recordPritam BordoloiJanuary 11, 2021 by Pritam BordoloiJanuary 11, 2021 The Brazilian oil giant broke its previous record of 2.23 million bpd set in 2015... Read more
FeaturedOil & GasBrazil to make significant oil reforms in 2021International Finance Business DeskJanuary 4, 2021 by International Finance Business DeskJanuary 4, 2021 It is focused on regulatory stability which is important for improvements in regulator processes... Read more
FeaturedOil & Gas3R to acquire onshore oilfields from Petrobras for $250 mnPritam BordoloiDecember 21, 2020 by Pritam BordoloiDecember 21, 2020 Oil production at the fields was 2,145 bpd in November... Read more
FeaturedOil & GasBrazil is gaining prominence outside Asia as oil demand surgesInternational Finance Business DeskDecember 10, 2020 by International Finance Business DeskDecember 10, 2020 The country's fuel consumption has exceeded pre-virus levels and is expected to be more resilient than last year... Read more
FeaturedOil & GasBrazil’s oil is not fully impacted by contagion effects of economic crisisInternational Finance Business DeskNovember 18, 2020November 18, 2020 by International Finance Business DeskNovember 18, 2020November 18, 2020 By September, Brazil became the third largest supplier of crude oil to China, and is strengthened by the pre-salt Tupi oilfield... Read more
FeaturedOil & GasPetrobras in talks with consortium to sell natural gas fieldsPritam BordoloiOctober 12, 2020 by Pritam BordoloiOctober 12, 2020 The Peroa cluster would be among the first all-gas offshore fields sold by Petrobras... Read more