Tag Archives: Brazil

Brazil climbed to № 3 among China’s crude oil suppliers last month thanks to continued purchases by independent refiners, whose quotas for imported crude oil are running out, Oilprice analysed. Imports of Brazilian crude oil stood at 4.49 million tons in September, according to a Reuters report. This translates into …

Brazil’s Petrobras has initiated the sale process for a group of 26 onshore and shallow-water oil fields and a small nearby refinery in the northeastern part of the country, as the state-run company forges ahead with its ambitious divestment program. In a securities filing, Petroleo Brasileiro SA, as the firm …

Brazil has suspended its 17th licensing round which would have seen the state oil regulator ANP offering 128 offshore exploration blocks throughout the country, fearing that the plummeting oil prices and unprecedented declines in global crude demand entailing double-digit-percent CAPEX cuts will set the stage for another fiasco. With two …

According to research conducted by the Iranian Parliament Research Center (IPRC), the Islamic Republic of Iran stood higher than Turkey, Saudi Arabia, South Africa and Brazil in Industrialization Intensity Index.

Atlas Renewable Energy has signed a deal with Anglo American to build the ‘largest solar plant’ in Brazil with a R$881 million (£143.5m) investment. The Atlas Casablanca solar plant will have an installed capacity of 330MW, with more than 800,000 panels allowing it to produce enough energy to supply a …

Petrobras has a lot of oil and lot of areas to exploit. but it doesn’t have enough funds to prospect all these areas.

Brazil. which became a net oil exporter last year. wants to expand its footprint in global energy markets without joining OPEC.

The Latin American country is seeking feedback from global oil majors to improve participation in upcoming auctions.

This is an auction for big players given the volume of oil involved.

Brazil’s oil production is set to grow in the near term.