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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 William Jones, Contributing Reporter RIO DE JANEIRO, BRAZIL - Some of the world's biggest oil companies have snubbed Brazil's much-vaunted auction of offshore pre-salt oil blocks as the National Petroleum Agency (ANP) tried to remain positive despite receiving only a fraction...
By Lucy Jordan, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - Brazil’s 11th oil and gas auction, held Tuesday in Rio de Janeiro, raised a record R$2.8 billion, the industry’s regulatory agency said, with Petrobras winning the most blocks, and...
By Laura Madden, Contributing Reporter RIO DE JANEIRO, BRAZIL - On the same day as the new Petrobrás CEO, Maria das Graças Foster, was sworn in, the company reported a leak off the coast of Rio de Janeiro state, in...
By Sarah de Sainte Croix, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – At the end of last month TNK-Brasil (a Brazilian subsidiary of the Anglo-Russian oil company TNK-BP) signed a farm-in agreement with the Brazilian independent oil company HRT...
By Amy Skalmusky, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - An old adage states “it's not what you know but who you know,” but of course a successful business demands the “what” as well as the “who.” Both...
By Amy Skalmusky, Senior Contributing Reporter RIO DE JANEIRO – The tragic British Petroleum (BP) oil rig explosion in the Gulf of Mexico, which claimed eleven lives and unleashed 5,000,000 barrels of crude into the ocean in April of last...
Editorial RIO DE JANEIRO, BRAZIL – It does not surprise me that such a massive issue has separated the state of Rio de Janeiro and Brazilian federal government regarding oil proceeds. Rio certainly has been counting on this income...
By Mira Olson, Senior Contributing Reporter RIO DE JANEIRO – Brazilian Environmental Minister Izabella Teixeira announced on Monday, July 26th, that the National Contingency Plan (PNC) for open sea oil exploration and production will be in place by September. The...
Editorial RIO DE JANEIRO - We've already spent some time covering the BP Oil disaster in the Gulf of Mexico, and relating that to the Brazilian Pre-Salt exploration underway. One silver-lining is that it's given Brazil some warning and...
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