Brazil

Brazilian state-owned oil major Petrobras has drilled halfway through its offshore Carioca deposit and will need more time to determine its size, mines and energy minister Edison... 2008-05-16

Brazilian state oil company Petróleo Brasileiro (Petrobras) has announced a 68% increase in Q108 net profits year-on-year (y-o-y), beating market expectations.

Italy's Eni is very active in the Americas, in exploration and production (E&P), the gas and power sector as well as oilfield services, construction and engineering.

British major BP has announced plans to spend US$560mn in the Brazilian ethanol industry buying a 50% stake in a joint venture (JV) and two ethanol refineries.

Brazil's petroleum industry will invest US$72bn in oil and gas exploration and production (E&P) projects over the next four years, according to a reported citing the Brazilian... 2008-04-22

Brazilian Minister of Mines and Energy Edison Lobão has announced that the country is considering changes to its oil exploration and production (E&P) laws, including higher taxes.... 2008-04-18

Brazil's Petrobras has announced that it will require more data before confirming the potentially giant Sugar Loaf (or Carioca) discovery.

Reports from Brazil's National Petroleum Agency (ANP) that a new discovery in the Santos basin offshore Rio de Janeiro could contain 33bn barrels of oil equivalent (boe) have been... 2008-04-15

Benin is holding talks with Petróleo de Venezuela (PdVSA) to plan the construction of a huge 500,000 barrel per day (b/d) refinery in the west African country.

In spite of its huge reserves and production potential at home, as illustrated by the recent Tupi discovery, Brazil's state-controlled Petróleo Brasileiro (Petrobras) intends... 2008-04-08