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Oil and Gas Business

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 (28), the commodity's prices are...

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 supply of gas production and flow during a seminar at the headquarters of the...

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 3.68 million barrels of...

Goldman Sachs: Petrobras would remain profitable with the new pricing policy

By Monique Lima What would happen if Petrobras changed its pricing policy? The shareholders' meeting to...

Petrobras leads discoveries of new oil reserves worldwide

By Juliana Estigarríbia Brazil, Namibia, and Guyana lead the discoveries of new oil reserves worldwide, with state-owned companies spearheading this...

Brazil sets oil and gas production record in February

Brazilian oil and gas production rose 0.19% in February compared to January. The number refers to the sum of the numbers for the two commodities. The...

Brazil: oil workers cross arms on Friday and evaluate the possibility of a strike

The workers linked to Brazil's Unique Petroleum Workers Federation (FUP) will paralyze activities on Friday (24) to assess the...

Argentine oil company YPF registers record profit and production in 2022

The state-owned oil company Yacimientos Petrolíferos Fiscales (YPF) closed in 2022 with a net profit of more than US$2.2...

Brazil produced a record 3.25 million barrels of oil per day in January

Brazil's oil production rose 5.9% in January from the previous month and registered a...

Venezuela and Iran will modernize a huge oil complex

Venezuela and Iran will rehabilitate the South American country's largest refinery complex, opening a path...

Petrobras: oil and gas production falls 2.1% in the fourth quarter

The total production of Petrobras in the fourth quarter of 2022 reached 2.64 million barrels of oil equivalent per...