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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
Petrobras faces another period of uncertainty
Investors are wary about government intervention as the NOC welcomes its latest CEO
Norwegian oil output awaits Sverdrup boost
Liquids production continues to trend lower ahead of Q4 Phase 2 startup
Equinor is progressing projects in Brazil
Brazil Equinor
Simon Ferrie
9 February 2022
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Equinor remains on track in Brazil

Norwegian firm reports healthy progress on its Brazilian portfolio

Norway’s Equinor has reported that it is work is “progressing well” on its Brazilian upstream portfolio. The company's Bacalhau Phase 1 project is around 50pc complete and remains on pace to start production in 2024. The Equinor-operated scheme includes a 220,000bl/d floating production, storage and offloading (FPSO) vessel and has estimated recoverable reserves from its first phase of more than 1bn bl. Additionally, the Norwegian firm is on track to take FID on the BM-C-33 gas project in the Campos basin in 2023. The development will have a production capacity of up to 16mn m³/d and send out an average of 14mn m³/d, intended for the domestic Brazilian gas market via a planned receiving faci

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