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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian oil giant Petrobras announced on Friday that its Board of Directors have approved the sale of ninety percent of Nova Transportadora do Sudeste (NTS) pipeline to a consortium led...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian oil giant, Petrobras, registered the best June on record for the production of oil and natural gas, totaling 2.9 million barrels per day, according to the state-controlled company....
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian government has announced measures that it hopes will encourage the exploration and production of petroleum and natural gas in the country, including the extension of concession contracts for...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian oil giant Petrobras surpassed its annual petroleum production target for the first time in thirteen years in 2015, producing a volume of 2.128 million barrels per day, according to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Oil production in Brazil set a record in June, totaling 2.79 million barrels of BOE (barrel of oil equivalent), according to data from the ANP (National Petroleum Agency). The...
By Stephanie Foden, Contributing Reporter SÃO PAULO, BRAZIL – The Securities Commission of Brazil, CVM, announced it is investigating Brazilian tycoon Eike Batista and top executives at OGX, Batista’s flagship oil company. Investors accuse the magnate, once Brazil’s richest man,...
By Stephen Eisenhammer, Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil will become self-sufficient in natural gas within the next five years, after which it will grow into an influential exporter, according to Edison Lobão, Brazil's energy and mining minister. ...
By Anna Fitzpatrick, Contributing Reporter RIO DE JANEIRO, BRAZIL - The race around the world to develop an alternative fuel to petroleum is making great strides in Brazil. Already a market leader in the ethanol industry: technology development, production and consumption,...
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