News | APHRAOH

#oilprice.com. × Shell Quits Brazil Wind and Solar Projects | OilPrice.com. Shell has decided to scrap its planned wind and solar power generation projects in Brazil, citing an unfavorable investment environment and a strategic pivot back to oil and gas.

#oilprice.com. × Brazil Plans to Use $3.5-Billion Oil Fund to Bolster Economy | OilPrice.com. President Lula da Silva is seeking to utilize Brazil's $3.5 billion social fund, generated from oil and gas revenues, to stimulate the economy amidst record-low approval ratings.

#oilprice.com. × Petrobras Gears Up for Offshore Boom | OilPrice.com. Brazil’s state-run oil company is gearing up to boost production to 2 million barrels per day (bpd) at the Buzios field by 2030

#oilprice.com. × Drilling Suspensions Could Limit Brazil’s Oil Output Growth | OilPrice.com. Brazil's oil regulators have temporarily halted several drillship operations, potentially impacting the country's expected oil production growth.

#oilprice.com. × Brazil Joins OPEC+ | OilPrice.com. Brazil has joined OPEC, but its membership will not require it to participate in production cuts.

#oilprice.com. × Brazil’s Government Divided on Nuclear Plant 40 Years Under Construction | OilPrice.com. The Brazilian government is currently debating the future of the Angra 3 nuclear power plant, which has faced decades of delays and construction halts.

#oilprice.com. × Brazil’s Lula Defends Oil Exploration In The Amazon | OilPrice.com. Brazilian President Luiz Inacio Lula da Silva is pressuring the country’s environmental regulators to approve oil drilling near the mouth of the Amazon River

#oilprice.com. × Brazil’s Lula Backs Government Non-Interference In Petrobras’ Pricing Strategy | OilPrice.com. Brazilian President Luiz Inacio Lula da Silva has approved government non-interference in monetary policy and the pricing strategy of state-run oil giant Petrobras

#oilprice.com. × Petrobras Boasts Growth in Oil and Gas Reserves | OilPrice.com. Petrobras increased its proven oil and gas reserves by 500 million barrels in 2024 and plans to invest $111 billion in exploration and production over the next five years.

#oilprice.com. × Petrobras Refinery Output Hit Record High In 2024 | OilPrice.com. Petrobras saw output from its refineries hit an all-time high in 2024 thanks to record production of gasoline and S-10 diesel.

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