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Tag: Santos Basin

RIO DE JANEIRO, BRAZIL - With Petrobras stepping on the investment brake and selling off more assets, foreign oil companies are gaining ground in Brazil. Together, Shell, Repsol Sinopec, Petrogal and TotalEnergies account for 20% of national oil and gas...
RIO DE JANEIRO, BRAZIL - Brazil's average oil production totaled 2.73 million barrels of oil per day (b/d) in February, a drop of 8% compared to the same month last year, according to data from the National Petroleum, Natural...
SÃO PAULO, BRAZIL – In little over a week, Brazil’s government will hold two auctions for oil and gas exploration and production areas, most of them located in deepwater pre-salt areas. According to experts, the auctions on November 6th...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Oil production in Brazil fell by one percent last year, compared to the results obtained in 2017, despite having grown 4.8 percent in December, according to the National Petroleum,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Despite the fallout from the on-going corruption scandal which has tarnished Brazil’s largest state-controlled company, Petrobras, the oil giant announced on Thursday, March 19th, that the output from the Santos...
By Andrew Willis, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Deputies and senators from non-oil producing states have secured enough signatures to force a vote on President Dilma Rousseff’s partial veto of a controversial oil royalties bill. The politicians...
By Andrew Willis, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – A Brazilian court has overturned a ban that prevented Chevron from operating in Brazil, according to a statement by the second largest U.S. oil company. The ban was handed...
By Andrew Willis, Contributing Reporter RIO DE JANEIRO, BRAZIL - Chevron, the second largest U.S. oil firm, last week appealed a recent court injunction banning it, and drilling company Transocean, from operating in Brazil while legal cases are ongoing. The...
By Andrew Willis, Contributing Reporter RIO DE JANEIRO, BRAZIL – Petrobras, Brazil’s semi-public oil producer, suffered losses of R$1.35 billion (US$665 million) in the second semester of this year, making it the company’s worst three months since 1999. In a...

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