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The Latest Breaking News from Petrobras

Brazil auctions off several Amazon oil sites despite environmentalists and Indigenous protests

Brazil has auctioned off several land and offshore potential oil sites near the Amazon River, aiming to expand production in untapped regions despite protests from environmental and Indigenous groups

The Independent UK

Brazil Sells Exploration Rights To Oil Blocks Near Amazon River Mouth

Brazil sold exploration rights to 19 oil and gas blocks near the mouth of the Amazon river Tuesday, at the start of an auction slammed by environmentalists months before the country is to host the COP30 climate summit.

International Business Times

Head of Brazil's gas giant Petrobras criticized for 'drill, baby, drill!' comment about the Amazon

Environmentalists slammed the president of Brazil’s state-run oil company Petrobras, Magda Chambriard after she echoed the phrase “Drill, baby, drill!”

The Independent UK

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The rise of Brazil’s fuel mafias and their gas station money laundering machines

Brazil’s federal police recently pulled back the curtain on a criminal web that had infiltrated the country’s fuel distribution chains. What looked like ordinary gas stations were, in fact, outposts of a vast laundering machine, washing dirty money with diesel and ethanol. According to Justice Minister Ricardo Lewandowski, more than…

The Conversation

Brazil Chief Raoni Says Will Challenge Lula On Amazon Oil Project: AFP Interview

Brazilian environmental campaigner and tribal leader Raoni Metuktire is pitting himself against the government to stop plans for an oil mega-project at the mouth of the Amazon river.

International Business Times

These 5 Energy Stocks Hedge Inflation With Growth Potential

This article explore five energy stocks with higher anticipated potential upsides, which can provide growth potential in high-inflation environments.

MarketBeat

Lula Pushes Mega-oil Project As Brazil Prepares To Host COP30

Brazil's president this week amped up pressure for a major oil project to go ahead at the mouth of the Amazon River, despite criticism from environmentalists as the country prepares to host UN climate talks in November.

International Business Times

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2 AgTech Stocks Feeding the World with Smarter Farming

With a growing global population, increasing climate pressures, and rising concerns about the environmental and health impacts of food production, it’s clear that smarter, more sustainable solutions are essential. Hence, investing in companies like ICL Group (ICL) and Yara International (YARIY) could be beneficial. Learn more….

StockNews.com

3 Agriculture Stocks Fertilizing Long-Term Growth

With global food demand on the rise, agriculture stocks stand to reap the benefits of innovation. Thus, you might consider buying fundamentally solid agricultural stocks Yara International (YARIY), Dole (DOLE), and ICL Group (ICL), which present promising investment opportunities. Continue reading….

StockNews.com

Is TechnipFMC's Position in the Energy Sector a Reason to Buy?

The energy market is continuously evolving and expanding, fueled by favorable trends and advanced technologies, and TechnipFMC (FTI) stands to capitalize on these market trends with robust demand for its services and solid financial performance. So, let’s determine whether TechnipFMC plc is an ideal addition to your portfolio. Read more…

StockNews.com

3 Latin American Stocks to Buy in 2024

The Latin American market is currently attractive due to its growth potential, diverse economies, and abundant resources. Therefore, it could be wise to consider buying top Latin American stocks: Petrobras (PBR), América Móvil (AMX), and Grupo Aeroportuario del Sureste (ASR) in 2024. Read more.

StockNews.com

3 Energy Stocks to Buy for Dividends and Growth

Robust global energy production and consumption backed by solid demand and rising prices strengthens the future outlook of energy market. Hence, buying fundamentally solid energy stocks Baker Hughes Company (BKR), Cenovus Energy Inc. (CVE), and Energy Transfer LP (ET) could be ideal for growth. Read more.

StockNews.com

Pristine forests and grinding poverty: why shouldn’t Brazil’s Amapá state embrace oil wealth?

The state’s dilemma sums up a core problem faced by the president, Luiz Inácio Lula da Silva: how to reconcile environmental commitments with the need for development

The Guardian - UK

‘Will you stop exploring yours?’: Latin America forges ahead on new oil frontier

About half the countries in the region are experiencing a rush in oil exploration that threatens the global drive to achieve net zero. But many argue that they have a right to enrich themselves in the same way the west has

The Guardian - UK

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StockNews.com

3 Energy Stocks With High Q2 Earnings Growth Estimates

Recent crude oil price surges, robust demand, and supply concerns due to rising geopolitical instability and extended OPEC+ production cuts are creating strong tailwinds for the energy sector. Hence, quality energy stocks, Baker Hughes (BKR), Energy Transfer (ET), and Cenovus Energy (CVE), with high Q2 earnings growth estimates, could be…

Top News

Brazil's Petrobras Faces Government Intervention Concerns

Magda Chambriard takes over as head of Petrobras amidst concerns of government influence and environmental impact on oil exploration in Brazil.

The Independent UK

Petrobras new chief sworn in as market worries Brazil's government will have heavier hand

The head of Brazil’s state-run oil giant Petrobras, Magda Chambriard, has been sworn in as market concerns of increased government intervention in the company mount

StockNews.com

3 Energy Stocks Analysts See Huge Upside For

Oil prices recently hit seven-week highs on expectations of robust energy demand and supply concerns amid escalating geopolitical instability and extended OPEC+ production cuts. Hence, quality energy stocks ConocoPhillips (COP), Schlumberger (SLB), and Baker Hughes (BKR), with solid upside potential, could be ideal investments now. Read more….

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International Business Times

Brazil's New Petrobras Chief Calls To Speed Up Oil Exploration

The new boss of Brazil's Petrobras said Monday it was crucial that the state-run company "accelerate" oil exploration, including in a controversial offshore basin near the mouth of the Amazon River.

International Business Times

Ex-regulator Confirmed As New Chief Of Brazil's Petrobras

Brazil's state-run oil company, Petrobras, confirmed former regulator Magda Chambriard as its new chief executive Friday, 10 days after left-wing President Luiz Inacio Lula da Silva sacked her predecessor.

International Business Times

Chief Of State Oil Company Dismissed In Brazil

The CEO of Brazil's state oil company Petrobras has been sacked, the government announced Tuesday.

International Business Times

Brazil Government Announces Petrobras Chief Dismissed

The government of Brazilian President Luiz Inacio Lula da Silva announced Tuesday that the CEO of state oil company Petrobras has been sacked.

Top News

Brazil Faces Indigenous Resistance To Amazon Oil Drilling Plans

Indigenous opposition to oil drilling in the Amazon raises concerns about environmental impact and Indigenous rights in Brazil.

Top News

Brazil Judge Suspends Petrobras Chairman For Conflict Of Interest

Judge suspends Petrobras chairman over conflict of interest, underscoring the importance of ethical governance in the oil industry.

Top News

Brazil's Lula To Discuss Future Of Petrobras CEO

President Lula calls meeting to discuss Petrobras CEO's future amid company challenges and its impact on Brazil's energy sector.

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