Brazil

Oil

Brazil holds first fossil fuel auction in five years

Source: 
Reuters
Brazil launched its first oil and natural gas rights auction in five years, making an estimated 35 billion barrels of oil available for development, Reuters reports.

Deforestation seen limiting hydropower output

Source: 
The New York Times
A study concluded continued deforestation of rain forests could hurt hydroelectric output in developing nations like Brazil, The New York Times reports.
Oil

BP to exit Brazil's Polvo oil field

LONDON (AP) — Oil company BP says it is selling its majority stake in Brazil's Polvo oil field for $135 million in cash to HRT Oil & Gas.

Pa. gas drilling, regulation interests Brazil

RIO DE JANEIRO (AP) — From the shale underlying Western Pennsylvania to the deep-sea oil off the coast of Brazil, emerging energy sources have policymakers and entrepreneurs from both hemispheres talking business.

Oil

Brazilian prosecutor appeals ruling on Transocean charges

Source: 
The Wall Street Journal
A prosecutor filed an appeal against a Brazilian judge's ruling to dismiss criminal charges for Transocean and individuals related with a 2011 oil spill off the coast of Brazil, The Wall Street Journal reports.

Brazil reportedly preparing ethanol tax breaks

Source: 
Bloomberg
Sources say the Brazilian government is developing plans for tax breaks and credits to spur ethanol production, Bloomberg reports.
Oil

Judge drops charges for Chevron, Transocean in Brazil

Source: 
Reuters
Transocean and Chevron said a Brazilian judge ruled to drop charges against the companies connected to an offshore oil spill in 2011, Reuters reports.

Anglo American mining company reports loss

LONDON (AP) — Mining company Anglo American PLC has posted a $1.5 billion net loss for 2012 due to weak commodity prices and problems with a Brazilian iron ore project.

Brazil to do a biodiversity study of the Amazon

BRASILIA, Brazil (AP) — The Brazilian government says it's undertaking a four-year, $33 million study of its vast Amazon rainforest to compile a detailed inventory of the plants, animals and people that live there.

After reports, Brazil official downplays power rationing fears

Source: 
The Wall Street Journal
Mauricio Tolmasquim, an official of Brazil's energy planning agency EPE said reports of possible energy rationing are not accurate and there is no risk of such a move, despite low levels in reservoirs that power hydroelectric plants, The Wall Street Journal reports.

Pages

Subscribe to Brazil