Optimism despite Petrobras' production decline
Brazil's state-controlled flagship has, of late, been long on promise but short on return. However, its long-term outlook is increasingly bright
Charles de Gaulle, former president of France, is rumoured to have once said: "Brazil is the country of the future... and will always be." For some, that description could also apply to Petrobras, which despite operating in a country where recent giant discoveries promise to make it one of the world's largest producers, the state-controlled firm is instead seeing its share price drop to eight-year lows and output decline for a second straight year. On 31 January, Petrobras reported that its production declined for a third straight month in December to give an average daily output in 2013 of 2.54 million barrels of oil equivalent a day (boe/d), a 2.23% drop on the year before. Petrobras produ
Also in this section
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
20 February 2026
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
