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Tag: Petroleum

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...
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 Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The trade balance in Brazil closed the first semester of 2015 with a surplus of US$2.222 billion, according to the Ministry of Development, Industry and Foreign Trade (MDIC). This is...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The recent decline of international petroleum prices to a range between US$50-60 per barrel may bring benefits to the Brazilian trade balance, says Central Bank President Alexandre Tombini. Speaking on...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Corregedoria Geral da União - CGU, (Comptroller General’s Office), filed an inquiry against Netherland’s SBM Offshore NV for bribery allegations, but hopes the company will help the South American...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – To attract investments and manufacturers of subsea (offshore, underwater) equipment the government of Rio de Janeiro launched last week a project, dubbed the "Cluster de Subsea", to guarantee supply...

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