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MercoPress, en Español

Montevideo, March 15th 2026 - 03:06 UTC

Tag: Petrobras

  • Saturday, March 14th 2026 - 16:07 UTC

    Experts say BR privatization weakened Brazil’s ability to contain fuel prices

    Petrobras lost control of BR Distribuidora in July 2019, and the full privatization was completed two years later under then president Jair Bolsonaro

    According to a report by Agência Brasil, industry specialists and oil-sector groups say what they describe as abusive fuel price increases in Brazil are not explained by international volatility alone. The report cites cases of gasoline being sold for R$9 a liter at some stations in São Paulo and links part of the distortion to the loss of state control over the distribution chain after the privatization of BR Distribuidora.

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  • Wednesday, January 21st 2026 - 00:26 UTC

    Brazil revives naval industry through Petrobras-led investment drive

    The ceremony was attended by President Luiz Inácio Lula da Silva, the governor of Rio Grande do Sul, Eduardo Leite, as well as ministers, parliamentarians, and other authorities

    Petrobras, through its logistics subsidiary Transpetro, signed contracts worth R$2.8 billion (around US$570 million) on Tuesday for the construction of five gas carriers, 18 pushboats and 18 barges at shipyards in Rio Grande do Sul, Amazonas and Santa Catarina, as part of a government-backed effort to revive Brazil’s shipbuilding industry and reduce reliance on chartered vessels.

  • Tuesday, January 6th 2026 - 10:00 UTC

    Brazil's oil and gas production has its ups and downs in late 2025

    “We project producing 2.5 million barrels of oil per day throughout this year,” Chambriard said

    Brazil's oil and natural gas production totaled 4.921 million barrels of oil equivalent per day (boe/d) in November 2025, with 3.773 million barrels per day (bbl/d) of oil extracted, which represented a 6.4% decrease from the previous month and a 13.9% increase compared to the same month in 2024.

  • Tuesday, November 18th 2025 - 20:21 UTC

    Brazil: New oil reserves found in Campos Basin

    Samples of the findings will be lab tested for further accuracy regarding their quality, Petrobras explained in a statement

    Brazil's state-run oil company Petrobras announced this week the discovery of an oil reservoir in the Campos Basin, off the coast of Rio de Janeiro. As per initial assessments, the oil found is of “excellent quality.”

  • Tuesday, October 21st 2025 - 10:02 UTC

    Amazon: Petrobras cleared to start drilling on Equatorial Margin

    In recent years, the Equatorial Margin has garnered significant attention following oil discoveries in nearby nations

    Brazil's state-owned oil company, Petrobras, has received a license from the Brazilian Institute of the Environment and Renewable Natural Resources (Ibama) to begin exploratory oil drilling on the Equatorial Margin of the Amazon, an area with high hydrocarbon potential, it was announced on Monday.

  • Tuesday, September 2nd 2025 - 10:24 UTC

    Brazil reaches all-time high in oil and gas output

    Petrobras, alone or in consortium with other companies, is responsible for 89.78% of the total oil and natural gas produced

    Brazil surpassed the barrier of 5 million barrels of oil and natural gas produced per day for the first time ever, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the regulatory agency for the oil and gas industry, announced Monday. The achievement was recorded in July this year, it was also explained.

  • Monday, May 12th 2025 - 10:04 UTC

    Petrobras strikes high-quality oil in Santos Basin Pre-Salt Aram block

    The exploratory well in the Aram block, is located 248 kilometers off the Santos coast, at a water depth of 1,952 meters

    Petrobras has announced a new oil discovery in the pre-salt Santos Basin, identifying “high-quality oil without contaminants” at the 3-BRSA-1396D-SPS exploratory well in the Aram block, located 248 kilometers off the coast of Santos, at a water depth of 1,952 meters

  • Tuesday, April 22nd 2025 - 10:20 UTC

    At least 14 injured in Petrobras offshore platform incident

    The platform was not profucing any oil at the time of the incident

    At least 14 people were injured when a fire broke out on Petrobras' Platform PCH-1 (Cherne 1) in the Campos Basin, off the coast of Macaé, Rio de Janeiro. One worker was initially reported injured after falling into the sea, but the company later admitted that 13 others had also been affected. The rescued worker is stable, and the others are receiving medical care.

  • Monday, April 7th 2025 - 10:35 UTC

    Brazil receives UN approval to expand northern continental shelf to 350 miles

    Known as the Equatorial Margin, the area spans 360,000 square kilometers, and has been surveyed for presentation by the Brazilian Navy and Petrobras

    The United Nations Commission on the Limits of the Continental Shelf has recognized a new area of the Atlantic Ocean’s northern seabed and subsoil as belonging to Brazil, covering dimensions equivalent to the size of Germany. Previously, this region was not under any country’s jurisdiction.

  • Thursday, February 27th 2025 - 10:29 UTC

    Petrobras' 2024 profits below those attained the year before

    The exchange rate variation impacted negatively on the company's performance

    Brazil's State-owned oil company Petrobras activities yielded R$36.6 billion (US$7.5 billion) in profits last year, according to a report released Wednesday in Brasilia. However, these figures are below 2023's performance, when the company recorded a net profit of R$124.6 billion (US$24.9 billion), the exchange rate variation in debts between Petrobras and its subsidiaries abroad playing a key role in these results.

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