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Brazil’s Ibama agency has recommended denying Petrobras’ drilling license for the sensitive Foz do Amazonas region, citing insufficient environmental protection plans. President Lula has publicly criticized Ibama for delays in …
Ibama Recommends Denial of Petrobras Drilling Authorization in Amazon Read More
Petrobras’ shares fell by 4% following an unexpected announcement about capital expenditures for 2024. The company’s reported spending of $16.6 billion for the prior year was $2.1 billion above its …
Petrobras Shares Decline Following Unexpected Capital Expenditure Announcement Read More
Petrobras is keen on returning to Angola, having previously resumed exploration in Africa and signed agreements in São Tomé and Príncipe. The company recognizes geological similarities between Brazilian and Angolan …
Petrobras Shows Intent to Reenter Angola’s Oil Sector Read More
In his first year, President Javier Milei’s administration has faced friction with Brazil, highlighted by his comments on severing ties with Brasília. Despite tensions, diplomatic efforts have persisted to maintain …
Navigating Tensions: The Pragmatic Approach of Brazil-Argentina Relations under Milei Read More