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Tag: Petroleum

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil is the tenth largest producer of energy in the world with more than half (55 percent) of its energy source coming from oil and other liquid fuels and natural...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The trade balance in Brazil registered a surplus of US$1.575 billion in July, according to the MDIC (Brazil’s Ministry of Development, Industry and Foreign Trade). The country’s trade balance registered...
By Lise Alves, Contributing Reporter SÃO PAULO, BRAZIL – In an effort to reduce the import of diesel fuel and reduce pollution, Brazil’s President Dilma Rousseff last week signed an executive order increasing the amount of biodiesel to be added...
By Lise Alves, Contributing Reporter SÃO PAULO, BRAZIL – The petroleum sector trade balance in Brazil registered a deficit of R$6.059 billion during the period from January to April of 2014, according to the nation’s Ministry of Development, Industry and...
By Maria Lopez Conde, Senior Contributing Reporter SÃO PAULO, BRAZIL – As Brazil’s balance of trade widens to a historic high, data from the Institute of Studies for Industrial Development (IEDI) has shown the trade deficit generated by imports...
By Maria Lopez Conde, Senior Contributing Reporter SÃO PAULO, BRAZIL – Shares of Brazil’s state-controlled oil giant Petrobras fell to a nearly eight-year low last week amid weak earnings. Petrobras’ shares slipped 6.11 percent on Friday, July 5th, closing at...
By Lucy Jordan, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - Brazil’s 11th oil and gas auction, held Tuesday in Rio de Janeiro, raised a record R$2.8 billion, the industry’s regulatory agency said, with Petrobras winning the most blocks, and...
By Maria Lopez Conde, Contributing Reporter RIO DE JANEIRO, BRAZIL – Sixty-four out of the 71 national and international companies that filed requests with the Brazil’s National Petroleum Agency (ANP) will be allowed to bid for Brazilian exploration blocks this...
By Maria Lopez Conde, Contributing Reporter RIO DE JANEIRO, BRAZIL – Last week, Supreme Court (STF) Justice Cármen Lúcia Antunes Rocha suspended the new royalties distribution law that imposes a more equitable division of oil-generated revenue between Brazil’s 26 states...

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