Petrobras and Pemex have agreed to work together to discover, produce and refine oil.
An oil platform in the Gulf of Mexico off the coast of Tampico, Tamaulipas state, Mexico, on Tuesday, July 9, 2024. Pemex reduced runs at its domestic refineries for the second month as it continues to reel from the impact of an April fire, while another plant was ordered to curtail runs after air quality in the area surrounding the capital deteriorated. Photographer: Mauricio Palos/Bloomberg
Elea Data Centers has completed the first phase of a 2.3 billion reais ($470 million) project for Brazilian state-controlled oil producer Petrobras, as cloud computing expands in Latin America’s largest economy.
Elea Data Centers has completed the first phase of a 2.3 billion reais ($470 million) project for Brazilian state-controlled oil producer Petrobras, as cloud computing expands in Latin America’s largest economy.
The Petrobras headquarters in Rio de Janeiro, Brazil.
Brazil’s state-controlled oil company Petrobras fell short of earnings estimates as it held domestic gasoline prices stable during the war-driven price surge.
Brazil’s state-controlled oil company Petrobras fell short of earnings estimates as it held domestic gasoline prices stable during the war-driven price surge.
Oil storage tanks at the Petroleo Brasileiro SA (Petrobras) Paulinia Replan Refinery in Paulinia, Sao Paulo state, Brazil, on Wednesday, March 4, 2026. Petrobras' fourth quarter results are expected to get a boost from production levels, which remained in line with the records seen in the third quarter, analysts say.
Blue Water Acquisition Corp. IV is looking to participate in Venezuela’s rapid oil reopening with a plan to acquire the subsidiaries of Maha Capital AB.
Blue Water Acquisition Corp. IV is looking to participate in Venezuela’s rapid oil reopening with a plan to acquire the subsidiaries of Maha Capital AB.
The El Palito refinery in Puerto Cabello, Carabobo state, Venezuela.
A Brazilian oil company is expanding in Venezuela in a bet that sanctions relief will stimulate the country’s battered industry, highlighting regional appetite for participating in the US-led revival.
A Brazilian oil company is expanding in Venezuela in a bet that sanctions relief will stimulate the country’s battered industry, highlighting regional appetite for participating in the US-led revival.
South America could deliver an additional 2.1 million barrels of daily oil supplies by 2035 with crude prices around $100, Rystad Energy wrote in note on Monday.
South America could deliver an additional 2.1 million barrels of daily oil supplies by 2035 with crude prices around $100, Rystad Energy wrote in note on Monday.
Trucks near oil storage tanks at the Petroleo Brasileiro SA (Petrobras) Paulinia Replan Refinery in Paulinia, Sao Paulo state, Brazil, on Wednesday, March 4, 2026. Petrobras' fourth quarter results are expected to get a boost from production levels, which remained in line with the records seen in the third quarter, analysts say.
The sale of a controlling stake in Brazilian petrochemicals producer Braskem SA moved forward another step after troubled conglomerate Novonor signed an agreement to sell its shares to a fund backed by asset manager IG4 Capital.
The sale of a controlling stake in Brazilian petrochemicals producer Braskem SA moved forward another step after troubled conglomerate Novonor signed an agreement to sell its shares to a fund backed by asset manager IG4 Capital.
The entrance of the Braskem petrochemical plant in Duque de Caxias, Brazil.
A leading supplier of deep-water drilling rigs to Brazil’s national oil company expects the industry to favor oil and gas projects in Latin America, where geopolitical risk is lower than the Middle East.
A leading supplier of deep-water drilling rigs to Brazil’s national oil company expects the industry to favor oil and gas projects in Latin America, where geopolitical risk is lower than the Middle East.
A leading supplier of deep-water drilling rigs to Brazil’s national oil company expects the industry to favor oil and gas projects in Latin America, where geopolitical risk is lower than the Middle East.
Big oil and global crop traders rushed into Brazil’s ethanol market more than a decade ago with a spate of deals. Now, the most emblematic of those deals is unraveling amid fading enthusiasm for the business.
Big oil and global crop traders rushed into Brazil’s ethanol market more than a decade ago with a spate of deals. Now, the most emblematic of those deals is unraveling amid fading enthusiasm for the business.
A Shell truck prepares to refuel at the Raízen SA distribution center in Sao Paulo.
Maha Capital AB, a Swedish energy company managed by Brazilian executives, has exercised its rights to acquire a 24% stake in a Venezuelan oil field after the US provided sanctions relief.
Maha Capital AB, a Swedish energy company managed by Brazilian executives, has exercised its rights to acquire a 24% stake in a Venezuelan oil field after the US provided sanctions relief.
The Trump administration intends to take additional steps to ease sanctions on Venezuela’s oil sector in an effort to increase crude production as the Iran war sends prices surging.
The Trump administration intends to take additional steps to ease sanctions on Venezuela’s oil sector in an effort to increase crude production as the Iran war sends prices surging.
An oil tanker carries a shipment of Venezuelan oil in Freeport, Texas, on Jan. 16.
Origem Energia SA plans to store natural gas in caverns in Brazil in a price hedging strategy to shore up the nation’s renewable-reliant grid and attract power-hungry data centers.
Origem Energia SA plans to store natural gas in caverns in Brazil in a price hedging strategy to shore up the nation’s renewable-reliant grid and attract power-hungry data centers.
The billionaire Batista brothers are eyeing a billion-barrel Venezuelan oil project that stands to benefit from US President Donald Trump’s planned revival of the South American nation’s energy sector.
The billionaire Batista brothers are eyeing a billion-barrel Venezuelan oil project that stands to benefit from US President Donald Trump’s planned revival of the South American nation’s energy sector.
Wesley Batista, left, and his brother Joesley Batista, right, with their parents, Jose Batista Sobrinho and Flora Mendonca Batista on the floor of the New York Stock Exchange on June 25.
Maha Capital, a Swedish energy company with rights to a languishing oil project in Venezuela, is considering partnerships after Nicolas Maduro’s capture could open the industry to foreign investment.
Maha Capital, a Swedish energy company with rights to a languishing oil project in Venezuela, is considering partnerships after Nicolas Maduro’s capture could open the industry to foreign investment.
Nicolas Maduro and his wife, Cilia Flores, are seen in handcuffs after landing at a Manhattan helipad, escorted by heavily armed Federal agents as they make their way into an armored car en route to a Federal courthouse in Manhattan on January 5, 2026 in New York City.
Brazilian oil output is rebounding from outages that removed more than 300,000 barrels a day last month, highlighting how Latin America’s largest crude producer can confound OPEC efforts to micromanage the market.
Brazilian oil output is rebounding from outages that removed more than 300,000 barrels a day last month, highlighting how Latin America’s largest crude producer can confound OPEC efforts to micromanage the market.
Floating Production, Storage, and Offloading (FPSO) vessels and supply vessels in the Buzios field off the coast of Rio de Janeiro, Brazil, on Friday, Oct. 24, 2025. Brazil's state oil company is accelerating production from the Buzios field as crude prices hover near a five-year low and the global market braces for glut.
The surge in gold prices is driving a rapid expansion in informal and unregulated gold mining that is often illegal and ecologically destructive, according to the World Gold Council.
The surge in gold prices is driving a rapid expansion in informal and unregulated gold mining that is often illegal and ecologically destructive, according to the World Gold Council.
A miner takes a break inside an underground mine at a legal small-scale gold mining site in Tarkwa, Ghana, on Thursday, Oct. 17, 2024. The indebted West African state is potentially losing billions from illegal gold mining, known as galamsey, that is causing environmental carnage.
Brazil’s biggest utility is exploring options to guarantee the power supply for a $50 billion data center project aimed at putting Rio de Janeiro at the forefront of artificial intelligence in Latin America.
Brazil’s biggest utility is exploring options to guarantee the power supply for a $50 billion data center project aimed at putting Rio de Janeiro at the forefront of artificial intelligence in Latin America.
Elea’s Rio AI City will feature scalable infrastructure ready for the new digital age, with the RJO1 data center operational from day one. It is the most interconnected site in the Rio de Janeiro region with energy supply guaranteed by certified renewable sources at all project stages.
A 200 billion reais ($38 billion) commitment from ByteDance’s TikTok to help build a massive data center complex in Brazil is cementing the nation’s position as the leading location in the region for AI-related investment.
A 200 billion reais ($38 billion) commitment from ByteDance’s TikTok to help build a massive data center complex in Brazil is cementing the nation’s position as the leading location in the region for AI-related investment.
Casa dos Ventos wind turbines in Serra da Babilonia, Brazil, in 2023. Photographer: Maria Magdalena Arrellaga/Bloomberg
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