A total of 55 planned and announced floating production, storage, and offloading units (FPSOs) are expected to begin operations by 2022 worldwide, according to a report by GlobalData. In the South American list Brazil figures with 24 FPSOs, plus the Falkland Islands and Guyana with one each.
A Brazilian federal judge ruled on Friday that authorities must return the passport of former President Lula da Silva, seized last week on the order of another court after his conviction for corruption was upheld on appeal. Lawyers for Lula, who governed from 2003-2011, handed over the passport to Brazil’s Federal Police on Jan. 26.
Brazil’s presidential election is up for grabs, according to the latest public opinion poll, with popular ex-president Lula da Silva likely to be barred because of his corruption conviction and half of the electorate responding they want to see him in jail.
Brazilian Finance Minister Henrique Meirelles said on Monday that although there may be differences in strategy between president Michel Temer and the speaker of the House of Representatives, Rodrigo Maia, everyone's goal is to ensure the approval of the pension reform.
The Oil and Gas Climate Initiative (OGCI) and Petrobras announced that the Brazilian company will join the initiative. This commitment is subject to the approval of the OGCI Climate Investments Members’ Agreement by the Petrobras board of directors.
Brazil's popular but scandal-plagued leftist ex-president Luiz Inacio Lula da Silva got an unlikely morale boost on Monday from a political nemesis, current President Michel Temer. Lula easily leads the polls heading to October's presidential election but his dream of returning to office was left in doubt last week after an appeals court upheld an earlier corruption conviction against him.
Brazil’s government will tap the nation’s sovereign fund and recent surpluses to cut debt and avoid breaking budget rules this year, officials said on Monday, after easily meeting the 2017 fiscal target.
At least 14 people were killed in a shootout at a nightclub in Fortaleza, in northeastern Brazil, officials said on Saturday. We can confirm 14 deaths, Andre Costa, security secretary for the state of Ceara - of which Fortaleza is the capital - told a press conference.
Brazil launched a mass immunization campaign that will deliver fractional doses of yellow fever vaccine to residents of 69 municipalities in the states of Rio de Janeiro and São Paulo. The strategic plan for the campaign was developed with support from the Pan American Health Organization (PAHO) and the World Health Organization (WHO). It will be the world’s largest vaccination campaign, to date, using fractional doses of yellow fever vaccine.
Brazil’s Congress will finalize as soon as February legislation opening the way for deregulation of flights to and from the United States, Minister of Tourism Marx Beltrao said. He also expects legislators to approve a plan to allow foreign carriers a bigger chunk of Brazilian airlines. Both measures are part of a government drive to push down fares and boost tourism, which accounts for an estimated 3.7% of GDP.