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Petróleo Brasileiro S.A., better known by and trading as the portmanteau Petrobras (Portuguese pronunciation: [ˌpɛtɾoˈbɾas, pet-]), is a state-owned Brazilian multinational corporation in the petroleum industry headquartered in Rio de Janeiro, Brazil. The company's name translates to Brazilian Petroleum Corporation — Petrobras.
In 2021, Brazil's energy consumption comprised a mix of sources, with crude oil and other petroleum liquids making up 44.2%, followed by renewables (including hydro) at 37.5%, natural gas at 11.6%, coal at 5.5%, and nuclear at 1.3%. Brazil's total energy production grew by an average annual rate of 1.5% from 2011 to 2021, primarily fueled by ...
The head of Brazil’s state-controlled oil and gas giant Petrobras has stepped down, the company said Wednesday, following months of tensions with the federal government. Petrobras opted not to ...
The Tupi oil field (reverted from Lula oil field) is a large oil field located in the Santos Basin, 250 kilometres (160 mi) off the coast of Rio de Janeiro, Brazil. [2] The field was originally nicknamed in honor of the Tupi people and later named after the mollusc, however it was also ambiguously similar to the name of former Brazilian president Luiz Inácio Lula da Silva.
"It is the people who live outside the cities of the Amazon that are the ones paying the biggest price for this extreme climate event caused by the oil and gas industries around the world ...
Global energy crisis (2021–2023) A global energy crisis began in the aftermath of the COVID-19 pandemic in 2021, with much of the globe facing shortages and increased prices in oil, gas and electricity markets. The crisis was caused by a variety of economic factors, including the rapid post-pandemic economic rebound that outpaced energy ...
One of the largest Brazilian sedimentary basins, it is the site of several recently (2007 and later) discovered giant oil and gas fields, including the first large pre-salt discovery Tupi (8 billion barrels), Júpiter (1.6 billion barrels and 17 tcf of gas), and Libra, with an estimated 8 to 12 billion barrels of recoverable oil.
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