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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – As Brazilian officials celebrated extremely positive pre-salt production, President Michel Temer signed on Wednesday concession contracts for another six pre-salt areas auctioned in October of 2017, raising expectations that production...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Petrobras, the oil giant of Brazil, announced its third quarter results yesterday (Tuesday, November 14th), with a net profit of R$266 million for the three-month period. The results were significantly...
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 Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - In a Wednesday, October 18th statement from Brazil oil giant Petrobras, in September, oil production in Brazil averaged 2.17 million barrels per day, approximately 2.8 percent higher than in August. In...
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 – Federal police officials in Brazil arrested Congressional representative, Candido Vaccarezza this morning (August 18th) as it launched the 43rd and 44th phases of Operação Lava Jato (Car Wash). The operations...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - This morning, Thursday, July 27th, the Federal Police in Brazil served court orders which included three temporary arrest and eleven search and seizure in the 42nd phase of Lava Jato...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The state-owned oil giant of Brazil, Petrobras, announced on late on Wednesday (June 14th) a reduction of gasoline and diesel prices at its refineries. Gasoline prices will be reduced by...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The oil giant of Brazil announced on Monday it will be selling one hundred percent of its participation in the Jurúa natural gas field, in the Amazon Region. The sale...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A Federal Court in Sergipe, Brazil announced on Monday it was dismissing a legal action intended to suspend Petrobras’ sale of its shares in one of its subsidiaries, BR Distribuidora,...
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