Brazil to Auction 172 Oil Blocks in May
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 complicated the business strategies of oil firms operating inside the country. Speaking in Brasília, Energy Minister [...]
Petrobras Announces Six New Platforms
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Petrobras will put six new oil platforms into operation in 2013, Brazil’s semi-public oil giant has announced, adding around 840,000 barrels of oil daily to the company’s current output capacity. It has also announced that gasoline prices will be increased in the new year, [...]
Battle Over Royalties Continues in Brazil
By Andrew Willis, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – A result of the ongoing battle over oil royalties paid in Brazil, is an increased attention to royalties paid in the mining and hydroelectricity energy sector. Meanwhile, the long-running dispute over oil royalties took a further twist on December 17th when a supreme court [...]
Brazil May Vote on Oil Royalties Again
By Andrew Willis, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Deputies and senators from non-oil producing states have secured enough signatures to force a vote on President Dilma Rousseff’s partial veto of a controversial oil royalties bill. The politicians want the vote to take place before the year’s end, according to Agência Brasil. Rousseff [...]
Chevron Says Brazil Ban Overturned
By Andrew Willis, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – A Brazilian court has overturned a ban that prevented Chevron from operating in Brazil, according to a statement by the second largest U.S. oil company. The ban was handed down in September and relates to a November 2011 oil leak at the offshore Frade [...]
Rio Keeps Existing Oil Royalties: Daily
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – President Dilma Rousseff has approved a controversial new bill that sets out the redistribution of oil royalties to non-producing states nationwide, Chief of Staff Gleisi Hoffmann has announced. However, much to the relief of oil-producing states such as Rio, the president included a number of [...]
200,000 Protest in Rio for Oil Royalties
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – An estimated 200,000 people have taken to the streets of Rio in a mass protest demanding Brazilian President Dilma Rousseff veto a bill which would change how oil royalties are shared throughout the country. The bill is designed to take revenue away from the [...]
Rio Shutdown and Turnaround Summit
By Andrew Willis, Contributing Reporter RIO DE JANEIRO, BRAZIL – The first LatAm Plant Shutdown and Turnaround Summit will take place in Rio this week (November 27-28th), a cross industry event where experts share the latest techniques in this area. Plant shutdowns, for maintenance work or safety inspections for example, are an unavoidable part of [...]
Rousseff Seeks Investment From Spain
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Investing in Brazil’s concession plans, which represent billions of reais of infrastructure contracts, could provide the answer for troubled European economies, Brazilian President Dilma Rousseff has said during an official trip to Spain. The state of the European economy and potential business deals were top [...]
Rio Looks to Limit New Oil Royalties Bill
By Andrew Willis, Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazilian President Dilma Rousseff has until November 30th to decide whether she will veto sections of a controversial new bill, set to see oil royalties distributed more evenly among all Brazilian states. Late on Tuesday, it was reported that Rio de Janeiro governor Sérgio Cabral [...]
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