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The U.S. government will launch a “global entry” program for Brazilians traveling to the United States to allow expedited clearance for pre-approved, low-risk travelers upon arrival, the Brazilian government said on Monday. Brazilian business people who travel frequently to the United States have been waiting since 2012 - when the two sides were close to... Continue Reading →
Investigators have executed search warrants at Swiss addresses linked to Vitol and Trafigura, their counterparts in Brazil said on Thursday, as a sprawling probe into the global commodity trading industry intensifies. In a statement, Brazilian federal prosecutors said Swiss investigators had searched the Geneva addresses as part of a probe made public late last year.... Continue Reading →
Economists have lowered their forecasts for the Brazilian government’s primary budget primary deficit this year but raised it for next year, an economy ministry survey showed on Tuesday. The expected increase in the 2020 deficit compared with forecasts a month ago follows the disappointing ‘Transfer of Rights’ oil auction last week that analysts say will... Continue Reading →
Nov 12, 2019 Petrobras' divestment plan will gain reinforcement of major exploration and production assets, especially in the Campos Basin. The new strategy began to be reviewed by the E&P area in partnership with the Portfolio Management Executive Management following the auctions held last week. The selection of new projects for sale is expected to... Continue Reading →
In allowing Luiz Inacio Lula da Silva to walk out of jail last week, Brazil’s Supreme Court has blown open a legal labyrinth that could see the leftist former president return to prison just as easily as run for election again. The second chamber of the Supreme Court will soon hear an appeal from Lula’s... Continue Reading →
(Reuters) - Brazil’s state-run oil firm Petrobras wants to further lower its stake in Petrobras Distribuidora SA, the fuel distribution unit it recently privatized via a share offering, the company’s chief executive said on Friday. Roberto Castello Branco added that Petroleo Brasilerio SA, as the company is officially known, has divested 70 oil blocks so... Continue Reading →
Nov 8, 2019 The pre-salt auction week ends with more than R $ 75 billion collected, the contracting of excess volumes of Buzios and Itapu, which may exceed 10 billion barrels, and the exploration of Aram, with potential to be one of the largest fields in the country. "Still, it left a lot of people... Continue Reading →
Brazil’s Supreme Court decided on Thursday to end the mandatory imprisonment of convicted criminals after they lose their first appeal, a politically charged ruling that may lead to the release of former leftist President Luiz Inacio Lula da Silva. The reinterpretation of Brazil’s penal code, allowing convicts to exhaust their appeal options before being locked... Continue Reading →
The worldwide offshore rig count in October 2019 decreased by two units sequentially, but increased by 37 units year-over-year, according to reports by Baker Hughes Company. BHGE splits its rig counts into international and North America rig counts, which combined make the worldwide rig count. Baker Hughes reported on Tuesday that the international rig count for October... Continue Reading →
Brazil’s state-run Petrobras and CNODC, a unit of China National Petroleum Corp, were awarded rights to explore and produce oil at the Aram block in the country’s Santos basin by offering the minimum allowed profit oil of 29.96 percent. This was the only bid of the 6th Pre-Salt Round. The other blocks did not recieve... Continue Reading →
Brazil Energy Insight 