Tag: BRAZIL

Petrobras’ new strategic plan to have greater focus on oil and gas, CFO says

Petrobras opens new tab new multi-year strategic plan will have greater focus on upstream operations than the previous one, Chief Financial Officer Fernando Melgarejo said

Argentina authorizes first gas shipments from Vaca Muerta to Brazil

The Argentine government authorized Total Austral, a subsidiary of the French group TotalEnergies, to sell up to one million cubic meters of gas per day to Matrix Energy Participacoes

Brazil strengthens its position as a crude oil supplier to Spain

Brazil continues to gain prominence among crude oil suppliers to Spain, after its sales tripled in May alone, making it the second-largest supplier this year, behind the United States

Paraguay promotes plan for $1.5 billion gas pipeline with Argentina, Brazil

Paraguay is advancing in talks with energy companies and high-ranking government officials from Argentina and Brazil about a potential $1.5 billion gas pipeline to connect the three countries

Russia to deliver second oil cargo to Brazil in Sept

A tanker Apus loaded 100,000 tonnes of Varandey oil sourced by Lukoil in the Arctic port of Murmansk on Sept. 10, LSEG data shows. The vessel is expected to arrive in Brazil’s Pernambuco area at the end of the month, according to LSEG data

Exxon sees ‘great opportunity’ for lower-emission oil output in Brazil

Exxon Mobil Corp sees its investments in Brazil’s offshore helping the company achieve a goal of lowering carbon emissions in its oil and gas production, country head Juan Lessmann said

Brazil oil production up 4.6% in April, ANP says

Oil production in Brazil rose 4.6% in April from March, figures from the ANP national oil regulator showed, the second monthly rise in a row, led by rising output from Petrobras and Royal Dutch Shell

India demand worries knock oil prices from six-week highs

Oil prices slipped, taking a breather after touching their highest in six weeks as concerns of wider lockdowns in India and Brazil to curb the COVID-19 pandemic offset a bullish outlook on summer fuel demand and the economic recovery

Brazil pushes new rounds of oil exploration tenders to 2021 and 2022

The seventeenth round of bidding was scheduled to take place in November this year, while the eighteenth round was slated for 2021

Brazil could begin talks to join OPEC in July

South America’s largest oil producer, Brazil, will launch discussions on potentially joining OPEC in July, Brazilian Energy Minister Bento Albuquerque said