Investment News in Brazil

Maha Announces Partial Restoration to 2020 Investment Plan
10/15/2020 - Maha Energy AB announce partial restoration to the revised 2020 investment capital plan and comments on 2020 production guidance

- 2020 annual average production...
Libra Consortium Takes FID on Mero-3 FPSO in Brazil's Pre-salt
8/26/2020 - Shell announced a final investment decision taken by the Libra Consortium, operated by Petrobras, to contract the Mero-3 floating production, storage and offloading (FPSO) vessel to be deployed at the...
Petrobras Supports Rio De Janeiro Project
8/10/2020 - International entrepreneurship program coordinated by the American institution aims to transform the state of RJ into a global innovation hub in the areas of energy and sustainability.

Wit...
Petrobras on Arbitration Involving Sete Brasil
7/29/2020 - Petrobras informs that the Board of Directors approved, in a meeting held today, an agreement with Fundação Petrobras de Seguridade Social (Petros), which aims to end the arbitral dispute proposed by ...
Brazil's Ouro Preto Cuts Bid for Petrobras Oilfield Clusters
12/14/2018 - Ouro Preto has cut its bid for two shallow water mature oilfield clusters from Brazil’s state-run oil company Petroleo Brasileiro, flagging a drop in oil prices in recent months, three sources with kn...
Equinor to Invest More Than $15B in Brazil Until 2030
Equinor to Invest More Than $15B in Brazil Until 2030 8/29/2018 - With daily oil production of over 90 000 barrels per day from current fields and with expected investments of more than 15 billion USD until 2030, Brazil has become a core area for Equinor. ...
Siemens & APEX Sign Agreement for Economic Growth in Brazil
3/14/2018 - Siemens has signed a Memorandum of Understanding (MoU) with the Brazilian Trade and Investment Promotion Agency (Apex-Brasil) in Sao Paulo. Initiatives outlined in the agreement have the potential to ...
Petrobras and ExxonMobil Form Strategic Alliance
12/14/2017 - Petrobras and ExxonMobil signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities. ...
Brazil to Lower Oil Industry Local Content Rules by Half
2/22/2017 - Brazil's government said it would relax local content rules for the oil industry as of September in an effort to attract foreign investment and lower costs that have hindered development of vast offsh...
New Contracts for Petrobras' Business Plan
New Contracts for Petrobras' Business Plan 10/10/2016 - An economic recession and political corruption over the past two years has not set the best stage for the oil and gas industry in Brazil. A low oil price and large investment cuts have added to the ch...
Petrobras Cuts $24b from Investment Plan
9/20/2016 - The investment portfolio of 2017-2021 Plan prioritizes exploration and production projects of oil in Brazil, with emphasis on deep water. In other business areas, investments are intended primarily to...
Emerging and Developing Economies - July 2016
Emerging and Developing Economies - July 2016 7/24/2016 - In Brazil, growth data for 1Q16 and the monthly indicators of the past two months have only confirmed the negative expectation for the economic growth of the country in 2016, which sees a contraction ...
OPIC Approves Nearly $1.2B in Financing to Support Development Investments Globally
6/9/2016 - The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, approved support for eight new development projects totaling nearly...
Brazil Oil Measures Could Unlock $120b in Investments
3/9/2016 - Measures to encourage oil and gas exploration in Brazil published in the official gazette could unlock $120 billion in investments, Energy Minister Eduardo Braga said in a statement. ...
Brazil's Senate Passes Bill to Relax Petrobras Hold on Subsalt
2/24/2016 - Brazil's Senate approved a bill that ends a requirement that state-run oil company Petroleo Brasileiro SA operate all new developments in an offshore region known as the Subsalt Polygon and provide at...
Shell Expects its Brazil Output to Quadruple by 2020
2/15/2016 - Royal Dutch Shell , Europe's largest oil company, expects to make robust investments in Brazil's offshore resources, hoping to quadruple oil and gas output there by the end of the decade, its chief ex...
Petrobras 2016 Divestment to Take Place Faster than Expected
12/15/2015 - The pace of divestment at Brazil's state-run oil company Petrobras in 2016 will likely be faster than originally thought, the company's Chief Executive Aldemir Bendine said on Tuesday.
Brazil's Petrobras Cuts Spending Plan for 2nd Time in 3 Months
10/5/2015 - State-led Petroleo Brasileiro SA , struggling with the biggest debt load among global oil firms, cut $11 billion from capital spending plans for this year and next as Brazil's currency and oil prices ...
Shell Eyes New Brazilian Assets Ahead of BG Deal
8/7/2015 - Royal Dutch Shell is considering investing billions in Brazil, set to become a focal point after the planned acquisition of BG Group (BG.L), even as it prepares to sell huge chunks of its business to ...
Videocon Plans $2.5 billion Brazil Oil and Gas Investments
7/4/2015 - Videocon Industries Ltd plans to invest $2.5 billion in oil and gas ventures in Brazil over the next two to three years, the consumer electronics-to-energy group's chief said, as part of its strategy ...

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