Brazil’s President Luiz Inacio Lula da Silva withdrew his ambassador to Israel on Wednesday after months of tensions between the two countries over the war in Gaza. The move was announced in Brazil’s official gazette. There was no immediate response from Israel. President Luiz Inacio Lula da Silva has recalled Brazil’s ambassador to Israel (AP […]
Deforestation in Brazil’s Cerrado region, a vast tropical savanna renowned for its rich biodiversity, increased sharply in 2023 and overtook that of the Amazon, according to a report published Tuesday. In the Cerrado, which extends through central Brazil and into neighboring Paraguay and Bolivia, more than 1.11 million hectares (2.74 million acres) were destroyed in […]
The new chief executive of Brazilian oil giant Petrobras, Magda Chambriard (Andre RIBEIRO) 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. Lula has been pushing for Petrobras to invest more, saying it will boost […]
BRASILIA (Reuters) – Brazil’s Finance Ministry on Thursday hiked its projection for the country’s economic growth this year but also raised inflation estimates for 2024 and 2025, underlining price impacts from recent floods in Rio Grande do Sul state. Gross domestic product (GDP) in Latin America’s largest economy is now expected to grow 2.5% in […]
RIO DE JANEIRO (AP) — The head of Brazil’s state-controlled oil and gas giant Petrobras has stepped down, the company said in a prepared statement Wednesday, following months of tensions with the federal government. Petrobras opted not to pay extraordinary dividends to its shareholders earlier this year, souring relations between Petrobras CEO Jean Paul Prates […]
RIO DE JANEIRO (Reuters) – Shares of Brazil’s Petrobras plunged 8% on Wednesday after the state-run oil firm said its chief executive would step down, to be replaced by a former regulator with views closer those of President Luiz Inacio Lula da Silva. Industry analysts expressed concern, as CEO Jean Paul Prates was seen as […]
Brazil’s flooded south remained paralyzed Monday, with schools and health centers shut and streets cut off as overflowing rivers showed no sign of receding after torrential rains in a disaster that has left 147 dead. More than two million people have been affected by the flooding in the state of Rio Grande do Sul, where […]
Brazil’s President Luiz Inacio Lula da Silva on Monday put off a state visit to Chile to focus on the historic floods in the south of the country that have left 147 dead. The presidency said that the trip would no longer take place as scheduled on May 17 and 18, due to the “need […]
By Lisandra Paraguassu PORTO ALEGRE, Brazil (Reuters) – Less than two weeks after floods devastated Brazil’s southern Rio Grande do Sul state leaving at least 143 dead, the state is again on alert this Sunday with the risk of water rising once more to record levels. Under intense rain since Friday, four rivers about 100 […]
More heavy rain is forecast for Brazil’s already flooded Rio Grande do Sul state, where many of those remaining are poor people with limited ability to move to less dangerous areas. More than 15 centimetres (nearly six inches) of rain could fall over the weekend, according to the Friday afternoon bulletin from Brazil’s national meteorology […]
API Inks Know-How Exchange MOU with Brazil’s IBP This article was first published on Rigzone here The American Petroleum Institute (API) has signed a memorandum of understanding (MOU) with the Brazilian Petroleum and Gas Institute (Instituto Brasileiro de Petróleo e Gás, IBP) to strengthen technical exchanges between the organizations. “As the world’s premier standards-setting organization […]
SAO PAULO (Reuters) – Brazil’s orange production is expected to hit its lowest level in more than three decades in 2024/25, research center Fundecitrus said on Friday, as farmers grapple with adverse climate conditions and a citrus disease known as greening. WHY IT’S IMPORTANT Brazil is the world’s largest producer and exporter of orange juice, […]