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By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - Brazil's beleagured state-run oil company Petrobras registered a surprising surge in their latest earnings report on Friday, August 3rd, with net second quarter income soaring to US$2.68 billion (R$10.072 billion),...
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - Despite the ongoing truck drivers' protest that has paralyzed Brazil for over a week, on Monday, May 28th, Rio de Janeiro state and city officials asserted that services, including schools,...
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - With the truckers' strike currently gripping Brazil reaching its seventh day, over the weekend, Mayor of Angra dos Reis, Fernando Jordão, declared a state of emergency for the city. "I...
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 Nelson Belen, Contributing Reporter RIO DE JANIERO, BRAZIL - Earlier this week, Brazil oil giant, Petrobras, and the French oil and gas company, Total, signed a strategic partnership agreement setting the framework for segments of gas and energy exploration...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - In a housing complex in the Fazenda Botafogo area in Zona Norte (North Zone) a suburb of Rio de Janeiro, an explosion killed five people and left thirteen injured. ...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – In four years time Petrobras will have a smaller structure but be much more profitable than today, assured the oil giant’s CEO, Aldemir Bendine on Tuesday, adding that the divestment...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – While Petrobras officials and union leaders negotiate a deal to end a two-week national strike, approximately ten oil workers remain on call at a São Paulo refinery, working overtime to...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The governor of Rio de Janeiro, Luiz Fernando "Pezão" (Bigfoot), said yesterday (June 30th) that the troubled refinery, Petrochemical Complex of the State of Rio de Janeiro (Comperj), will be...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s oil giant, Petrobras, announced this week that it will be releasing the company’s financial results for the third quarter of 2014 in January of 2015 and that it was...
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