Brazil

Friday, August 29th 2008 - 21:00 UTC
Oil covered penguins washed up on Brazilian beaches

Thousands of oil-slicked penguins washed up dead on the beaches of a popular Brazilian resort on Friday, and officials reported they are searching for a cause.
Friday, August 29th 2008 - 21:00 UTC
Brazil bets on nuclear powered nuke to protect oil fields

Brazil will spend 160 million US dollars by the end of next year on the development of a nuclear-powered submersible to protect the oil reserves found recently off its coast, said Defence minister Nelson Jobim on Friday.
Friday, August 29th 2008 - 21:00 UTC
Brazil liberates air fares to South American countries

Air fares from Brazil to the rest of South America will no longer be regulated as of next Monday September first, which will represent a significant reduction in prices according to a Friday release from Brazil's National Civil Aviation Agency, ANAC.
Tuesday, August 26th 2008 - 21:00 UTC
Brazil ponders about wealth from recent huge oil finds

Towering above the beautiful bay of Angra dos Reis near to Rio de Janeiro a vast oil platform stands almost ready to head out to sea. Work is almost completed on Petrobras 51 (P-51) and there seems little doubt it will be put to good use, with Brazil making headlines around the world for its recent oil finds.
Monday, August 25th 2008 - 21:00 UTC
Indigenous Brazilians still suffering inequalities, says UN

Brazil's indigenous peoples still struggle to exercise real control over their lives and lands, despite some advances in their conditions and the Government's commitment to improve the situation, a United Nations human rights expert said on Monday after wrapping up a 12-day visit to the South American country.
Sunday, August 24th 2008 - 21:00 UTC
Brazilian government will manage pre-salt mega oil deposits

Brazilian president Lula da Silva proposed the review of the current oil exploitation model and the creation of another company to manage the so called pre-salt oil fields which are believed to hold anywhere from 50 to 70 billion barrels of light crude.
Friday, August 22nd 2008 - 21:00 UTC
Mid year Brazilian demand for fertilizer increases 20%

Fertilizer sales in Brazil soared 11% in July compared to a year ago according to the country's National Fertilizer Association, Anda, in spite of a doubling of prices. July sales totaled 2.45 million tons and in July 2007, 2.2 million tons.
Friday, August 22nd 2008 - 21:00 UTC
Brazil's ultra-deep water oil deposits production in 2013

Brazil's state-run oil company Petrobras CEO Sergio Gabrielli said Friday he expects new ultra-deep-water finds to yield 100,000 barrels of oil a day by 2010 and announced the company would begin testing production in the fields next September 2 although “we don't expect the new fields to have a significant impact on oil production until 2013”.
Thursday, August 21st 2008 - 21:00 UTC
Brazil undecided on how new oil resources should be developed

Brazilian President Luiz Inacio Lula da Silva is pondering whether to create a new state-run oil company to manage oil production from Brazil's new sub-salt reserves, according to press reports in Sao Paulo
Wednesday, August 20th 2008 - 21:00 UTC
Brazil ratifies tough line on inflation and long term growth

Brazil's reference Selic interest rate will only begin to fall when inflation approaches the 4.5% center-point of the government's annual target, Brazilian Finance Minister Guido Mantega said on Wednesday.