Brazil

US independent Devon Energy has announced plans to divest all its international assets and those in the US Gulf of Mexico (GoM) in order to focus on its onshore properties in North... 2009-11-18

Brazil plans to launch its 11th hydrocarbons licensing round in April or May 2010, according to Nelson Narciso, the director of the national upstream regulator Agência Nacional do... 2009-10-29

The BMI oil supply and demand assumptions for 2009 and beyond have again been revised for all 67 countries forming part of our detailed coverage, reflecting the changing macroeconomic... 2009-10-20

State-controlled Petróleo Brasileiro (Petrobras) has been ordered by a local court to suspend all work at two refinery projects, Abreu e Lima and Getulio Vargas, due to irregularities... 2009-10-01

State-run Petróleo Brasileiro (Petrobras) has announced plans to drill offshore the central state of Bahia to investigate a potential extension of the prolific ultra deepwater subsalt... 2009-09-29

The CEO of Petróleo Brasileiro (Petrobras) has told a meeting of investors in Paris that the company plans to freeze overseas investment in order to focus on the development of... 2009-09-18

While overall refined products market sentiment has improved, thanks to some positive macroeconomic indicators, the glut of distillate stocks has weighed on traders and cast a shadow... 2009-09-17

An 8% fall in crude prices between the end of August and the first week of September gave the fleeting impression that the parlous state of oil market fundamentals had triggered a... 2009-09-16

Brazilian President Lula da Silva has taken the government's energy reform bills off the fast-track system, dashing hopes for a swift enactment of legislation governing the development... 2009-09-11

Tests on the Guara oil and gas field in Brazil's offshore Santos Basin have shown that the field contains 1.1-2.0bn barrels of oil equivalent (boe). First output from the field is... 2009-09-09