Kitty

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Brazil Finds More Oil, And It All Goes To The Gov't

The National Petroluem Agency (ANP) of Brazil found another “megareserve” in the Atlantic, this one off the coast of Sao Paulo, according to unnamed sources in Estado de São Paulo newspaper on Friday. Sources said it is believed to big as large as the so-called Lula oil field, which holds between …

Brazil

Brazil prosecutors say Petrobras scheme moved $2.1 billion in bribes

SAO PAULO (Reuters) - Brazilian investigators believe 6.19 billion reais ($2.1 billion) in bribes were moved in a corruption scheme involving state-run oil firm Petroleo Brasileiro SA (PETR4.SA), prosecutor Deltan Dallagnol said on Thursday.<p>The Petrobras logo is seen in front of the company's …

Brazil

Petrobras Pays Price for Being Brazil's Champ

This is no way to run an oil company—unless, of course, the goal is to run it into the ground.<p>Dominating the energy landscape in Latin America's largest economy and controlling the world's biggest offshore discovery in decades, Petróleo Brasileiro should be seeing a bright future. But surging local …

Oil & Gas Industry

Shell, ONGC ‘plan BC-10 stake hike’ off Brazil

16 September 2013, News Wires – Shell and India’s Oil & Natural Gas Corporation, ONGC, look set to scupper the $1.54 billion purchase from Petrobras …

784 applications for Brazilian national power tender

The Brazilian energy planning agency has registered over 19.4 GW in power projects for the country’s upcoming A-3 national tender.<p>Empresa de Pesquisa …

Brazil announces massive reforestation and renewable energy plan with US

President Dilma Rousseff pledged to restore 12m hectares of deforested land and increase renewable energy use by 2030 as part of climate partnership with US<p>Barack Obama and Dilma Rousseff put climate change at the top of their agenda at their bilateral meeting on Tuesday, with the US and Brazil …

Climate