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Brazil looks to solve its energy security travails
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
Brazil rides a production wave
Latin America’s largest economy expects big uptick in crude this year with the imminent arrival of several FPSOs
Hydrocarbon Processing Refining Databook 2025: Americas
The US and Canada are boosting capacity builds for renewable diesel and biofuels, while Central and South American countries are investing heavily to upgrade and expand their domestic refining sectors
Latin America’s evolving crude outlook
New supply from Argentina, Brazil and Guyana is rich in middle distillates, but optimism in terms of volume growth remains tempered by regulatory and technical risks as well as price volatility
Brazil awaits contentious Equatorial Margin call
Political rancour is rising as politicians appeal for environmental licence to explore the mouth of the Amazon
Brazil seeks greater oil market influence
Despite environmental criticism, President Lula sees opportunity to build bridges with OPEC+ allies
Brazilian upstream enjoys bumper year
Soaring pre-salt production sees Latin America’s largest country pull away from the local competition
Rise of Brics challenges oil world order
The five economies are shaking up global markets, and they could be on the cusp of a major break from the existing order
Eni makes strategic gamble with Libya gas project
Despite previous security concerns, Eni enters JV with Libya's NOC for major hydrocarbons development
Petrobras faces another period of uncertainty
Investors are wary about government intervention as the NOC welcomes its latest CEO
Eni Tight oil BP Brazil
Beth McLoughlin
25 July 2017
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Companies are deciding to invest again, but can the other projects compete with US tight oil?

Despite an increase in new projects sanctioned this year, shale still poses a threat

During the comparative boom years between 2007 and 2013, oil and gas firms made about 40 final investment decisions on big projects every year. Then came the price crash. In 2015, the number of FIDs was just 10. Now things seem to be picking up. Wood MacKenzie, a consultancy, expects companies to pull the trigger on 20-25 projects this year—evidence that they're starting to think about growth again. "There are some positive signs in what is a challenging outlook for new project investment," says analyst Norman Valentine. Why? Wood Mac sees a few reasons. "Costs have been coming down, there has been supply-chain deflation, meaning companies pay lower rates for drilling, equipment and installa

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The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats

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