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Brazil should end subsalt production-sharing regime: Petrobras CEO

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Rio de Janeiro — Brazil should end the use of its production-sharing regime for developing oil and natural gas reserves in the country’s subsalt frontier in a move that could unlock additional growth for Latin America’s biggest producer, Petrobras CEO Roberto Castello Branco said Tuesday. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Amazon burning: Brazil reports record forest fires

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BRASILIA (Reuters) – Wildfires raging in the Amazon rainforest have hit a record number this year, with 72,843 fires detected so far by Brazil’s space research center INPE, as concerns grow over right-wing President Jair Bolsonaro’s environmental policy. Smoke from fires in Porto Velho, Rondonia, a northern Brazilian state on the border with the Amazonian Read More

Brazilian states bypass Bolsonaro to discuss rainforest protection funding directly

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FILE PHOTO: An aerial view of a section of deforested Amazon rainforest turned into farmland near the city of Alta Floresta, Para state, Brazil, June 19, 2013. REUTERS/Nacho Doce/File Photo BRASILIA (Reuters) – Brazilian states containing the country’s Amazon rainforest said they want to negotiate directly with European nations who fund projects to curb deforestation Read More

TÜV SÜD pulls out of dam safety checks after Brazil disaster

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MUNICH (Reuters) – Germany’s TÜV SÜD has pulled out of conducting safety assessments of dams after the collapse of a Brazilian dam it had vetted killed almost 250 people in January, the industrial inspection firm’s chief executive told Reuters. FILE PHOTO: A view of a collapsed tailings dam owned by Brazilian mining company Vale SA, Read More

BW Offshore: Approved by ANP as operator in Brazil and transfer of the participating interest in the Maromba field

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Approved by ANP as operator in Brazil and transfer of the participating interest in the Maromba field With reference to the stock exchange releases dated 8 and 14 March 2019. BW Offshore (BWO) is pleased to announce that The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) has granted BW Offshore status as Read More

Deforestation in Brazil, vote in Argentina endanger EU-Mercosur pact

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BRASILIA (Reuters) – Brazil’s backsliding on Amazon conservation under right-wing President Jair Bolsonaro and a likely Peronist return to power in Argentina could delay or even derail ratification of an EU-Mercosur trade agreement that took two decades to negotiate. FILE PHOTO: An aerial view of a tract of Amazon jungle recently cleared by loggers and Read More

Feature: USGC ULSD jumps as export demand to Brazil surges

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Houston — Brazilian demand for US Gulf Coast diesel (gasoil) this month — spurred by a refinery outage and state-run pricing — has helped drain supplies and push spot differentials past a one-month high. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now S&P Global Platts assessed USGC ULSD Thursday Read More

Norway stops Amazon fund contribution in dispute with Brazil

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OSLO (Reuters) – Norway has suspended donations supporting projects to curb deforestation in Brazil after the country’s right-wing government blocked operations of a fund receiving the aid, the Norwegian ministry of climate and environment said on Thursday. Norway has worked closely with Brazil to protect the Amazon rainforest for more than a decade and has Read More

London climate change protesters daub Brazilian embassy blood red

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Placards are seen on paint stained embassy’s window during Extinction Rebellion climate change protest in front of Brazilian Embassy in London, Britain, August 13, 2019. REUTERS/Peter Nicholls LONDON (Reuters) – Climate change protesters threw red paint onto the Brazilian embassy in London on Tuesday to demonstrate against damage to the Amazon rainforest and what they Read More

Germany to cut 35 million euros in funds to Brazil for Amazon preservation: newspapers

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FILE PHOTO: An aerial view of a deforested plot of the Amazon at the Bom Futuro National Forest in Porto Velho, Rondonia State, Brazil, September 3, 2015. Picture taken September 3, 2015. REUTERS/Nacho Doce/File Photo SAO PAULO (Reuters) – Germany decided to suspend 35 million euros ($39 million) in funds sent to Brazil to finance Read More