Articles tagged Brazil

European natural gas prices have strengthened over the summer amid heightened geopolitical tensions, and the trend could continue through the coming months.

Norway’s Equinor ASA is set to develop a massive natural gas project offshore Brazil.

Brazilian national oil company Petróleo Brasileiro SA, aka Petrobras, managed to avoid expensive LNG imports during the first quarter amid historically high reservoir levels at the country’s hydroelectric dams.

Argentina’s natural gas segment has been transformed by the Vaca Muerta shale formation and the country might well again become a net energy exporter.

Europe’s energy crisis is likely to “influence the LNG supply and demand balance through the end of this decade and beyond,” according to Excelerate Energy Inc. CEO Steven Kobos. 

Excelerate Energy Inc. is looking for more opportunities to grow its nascent LNG portfolio, but not only with U.S. projects, as it expands its role as a global natural gas supplier.

Bolivian gas was once the beating heart of South America’s natural gas production, with powerhouse neighbors Argentina and Brazil relying on the landlocked country’s pipeline shipments to keep the lights on. But this is seen coming to an end.

Luis Inácio Lula da Silva, the 77-year-old leftist icon and former president of Brazil from 2003 to 2010, secured a return to the country’s top job on Sunday, narrowly defeating incumbent Jair Bolsonaro in a bitterly contested presidential runoff election.

National oil companies (NOCs) in Latin America enjoyed record profits in the second quarter on the back of high oil and gas prices, but they remain under pressure from governments facing economic crises.

Brazilian national oil company Petróleo Brasileiro SA (Petrobras) saw falling natural gas demand and the need for fewer LNG cargoes for the second consecutive quarter as rainfall continued to replenish the nation’s reservoirs.