U.S. oil company Anadarko Petroleum Corp. and Devon Energy Corp has announced an oil discovery in the Campos Basin in southeastern Brazil.
The field, nicknamed Anadarko, was discovered by a consortium of four companies, of which Woodlands-based Anadarko holds a 30 percent working interest in the field. Devon, with headquarters in Oklahoma City, has a 25 [...]
Brazil, India and South Africa sign tourism signed a draft tripartite tourism cooperation agreement at the fifth edition of the Kerala Travel Mart (KTM) on Sunday
Leela Nandan, joint secretary in the tourism department of the central government, signed the agreement on behalf of India, Diplomats Carlos R Santana of Brazil and Zukiswa Nekhgranye of South [...]
Brazil plans to build 50 to 60 nuclear power plants in half a century, with each having capacity of 1,000 megawatts. Brazil Mines and Energy Minister Edison Lobao, told the official government news service Agencia Brasil on Friday.
As a political crisis in Bolivia renewed doubts about the reliability of key natural gas supplies from the [...]
As Brazil’s economy continues to improve, social programs are receiving increased funding and visibility from the government. In particular, many of the region-specific projects of President Luiz Inácio Lula da Silva’s Growth Acceleration Program (PAC) aim to improve the country’s infrastructure as Brazil’s overall economic growth further benefits the country, including earning a coveted high [...]
Brazilian President Luiz Inacio Lula da Silva said, Brazil will direct future revenues from recent discoveries of deep-water crude reserves in so-called pre-salt which lie 16,400 feet and 22,966 feet below sea level, toward education and combating poverty.
Speaking in a nationally-broadcast, commemorating Brazil’s independence from Portugal in 1822, Lula said “The priority for the resources [...]
Brazil has declined Iran’s invitation to join OPEC, the country’s energy minister, Edison Lobao told a local TV station, Globo television network on Thursday.
Mr Lobao said that the invitation had come from Iran’s ambassador to Brazil, Mohsen Shaterzadeh, to join the cartel two weeks ago. As a member of the oil cartel, Iran can recommend [...]
Brazil’s currency, the real BRBY, lost 2.44-percent to 1.71 per greenback as the US dollar strengthened. This is lowest point since April as markets sank across the globe.
Analysts said the global drop in equities - led by a Dow that fell more than 344 points - sparked the losses for the Brazilian currency.
“There isn’t one [...]
Brazil will hold two auctions of onshore oilfields on Dec. Brazil’s National Energy Policy Council approved on Wednesday a 10th oil bidding round for Dec. 18, but no offshore blocks will be auctioned, Brazil’s government decided it won’t schedule auctions of offshore oil properties because there is a lack of equipment necessary to expand exploration.
“We [...]