Tag: Brazil
Brazil’s Petrobras reduces on-site workforce by 50% amid virus efforts
(S&P Global) Brazilian state-led oil company Petrobras slashed administrative staff by at least 50%, including at operations units such as refineries and production facilities,...
Brazil to close Caracas Embassy in bid to further isolate Maduro
(Bloomberg) Brazil plans to withdraw its diplomatic personnel from Venezuela in the latest attempt to increase the isolation of the government of Nicolas Maduro,...
Guyana could become 2nd largest producer in Latin America by end...
Guyana could be on course to become the second largest oil producing country in Latin America by the end of this decade, particularly if...
Brazil’s Petrobras records record income
Brazilian state oil company Petrobras recorded an income of 9.205 billion dollars in 2019, which represents a 55.7 % rise compared to 2018. According to...
Hungry for gas; Brazil needs LNG imports to meet demand –...
Brazil’s natural gas demand is set to climb to a record in 2020‒2021 at 39 billion cubic meters (bcm) per year, giving the country...
Petrobras to sell stake in Brazil field
(Zacks) Petrobras PBR and minority partner Chevron CVX announced plans to sell their stakes in the Papa-terra deep-water oilfield located in Brazil’s Campos Basin. Per...
MODEC to supply largest ever FPSO to Brazil for production at...
MODEC, Inc. said Thursday it has signed a Sales and Purchase Agreement (SPA) with Equinor Brasil Energia Ltda, a subsidiary of Equinor ASA, to...
Brazil to stay out of OPEC to make the most of...
(Bloomberg) Brazil, which became a net oil exporter last year, wants to expand its footprint in global energy markets without joining OPEC. The South American...
MoU signed between India and Brazil for oil and gas exploration
(Offshore Technology) Indian Prime Minister Narendra Modi’s Union Cabinet has approved a memorandum of understanding (MoU) on co-operation in the oil and gas sector. As...
Brazil’s Petrobras closes $1.5 billion deal to sell stake in African...
(Reuters) - Brazil’s state-controlled oil company Petroleo Brasileiro SA said on Tuesday it had ended its activities in Africa after closing the sale of...