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Brazilian ethanol targets the maritime fuel market

Brazilian ethanol targets the maritime fuel market

Maritime decarbonization is creating a new potential market for Brazilian ethanol. Recent industry initiatives have demonstrated the technical use of ethanol in transoceanic vessels, while global shipowners increasingly evaluate alternative fuels to meet tightening...

Exploration moves toward a critical milestone

Exploration moves toward a critical milestone

Petrobras expects to complete drilling of its first deepwater exploratory well in the Foz do Amazonas Basin around the beginning of September. The well represents a critical step in evaluating the geological potential of the Equatorial Margin and may influence future...

Record production reinforces Brazil’s offshore capacity requirements

Record production reinforces Brazil’s offshore capacity requirements

Brazilian oil and natural gas production reached a new record in June, with combined output exceeding 5.8 million barrels of oil equivalent per day. Oil production alone reached approximately 4.47 million barrels per day, while the pre-salt accounted for more than 80%...

New pre-salt contracts move into the exploration phase

New pre-salt contracts move into the exploration phase

The Brazilian government has signed five production sharing contracts resulting from the third cycle of the Permanent Production Sharing Offer. The contracts cover the Itaimbezinho, Jaspe, Citrino, Esmeralda and Ametista blocks in the Santos and Campos basins and...