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By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - Representatives from the oil industry’s heavyweights were in Rio de Janeiro on Friday, October 27th, as Brazil held its much-anticipated auction of eight blocks in the highly sought-after pre-salt region....
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The government of Brazil is hailing last week’s oil field exploration auction as a sign that foreign and Brazilian investors alike are regaining confidence in the country and its economy,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The ANP (National Petroleum, Natural Gas and Biofuel Agency) in Brazil has authorized oil giant, Petrobras to interrupt its oil production in sixteen platforms and fourteen concessions due to the...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The National Agency of Petroleum (ANP), reported yesterday, April 4th, that the production of oil and gas in the pre-salt fields recorded an increase of six percent in February, compared...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The recent decline of international petroleum prices to a range between US$50-60 per barrel may bring benefits to the Brazilian trade balance, says Central Bank President Alexandre Tombini. Speaking on...
By Doug Gray, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Some of the world’s biggest oil companies joined forces in a successful bid for the country’s first pre-salt offshore oil field, Libra, this week, the R$15 billion signing fee...
By Lucy Jordan, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - A huge fire at a fuel depot on the outskirts of Rio de Janeiro killed a man and injured seven others on Thursday, local media reported. Firefighters were still...
By Leo Byrne, Contributing Reporter RIO DE JANEIRO, BRAZIL - Brazil’s majority state owned oil giant Petrobras last week officially requested that regulators relax strict requirements on "local content" laws. The term refers to the use of domestic goods...
By Andrew Willis, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil is set to auction off 172 oil exploration blocks this May, according to a government announcement last week. The auction will end a five-year hiatus that has...
By Andrew Willis, Contributing Reporter RIO DE JANEIRO, BRAZIL - Board members of Brazil's Single Federation of Oil Workers (Federação Única dos Petroleiros or FUP) have unanimously accepted a sweetened wage offer put forward by Brazil’s state-led oil giant...
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