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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Chamber of Deputies in Brazil rejected on Wednesday (December 13th) an amendment passed by the country’s Senate on Tuesday and upheld a bill that guarantees tax breaks to the...
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 Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s oil giant, Petrobras, announced on Friday a reduction in gasoline and diesel prices at its refineries and a new fuel price policy. According to company officials, an executive group...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Reiterating that there is a favorable investment climate in Brazil, the president of petroleum giant Royal Dutch Shell, Ben Van Beurden, told Brazil’s President Michel Temer of the company’s interest...
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 – State-owned petroleum giant Petrobras announced a reduction of its investment forecast over the next five years. According to the release issued on Tuesday (September 20th) morning, investment forecasts for the...
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 – In addition to the on-going impeachment discussions in Congress and the Lava-Jato (Carwash) mega corruption scandal disrupting the economic and political scenario in Brasilia, this week President Rousseff’s PT party...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Cargo movement at Brazil’s main ports registered a record in 2015, totaling 1,006 billion tons, according to the Ports Secretary Office. The volume is the highest ever registered in the...
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...
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