World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Brazil Seen Having to Alter Oil Rules
Keywords:
Tags: Brazil, Oil & Gas,
New rules set by Brazil for investment in the oil industry give about 80% of revenues generated back to Brazil. The rules require 30% participation for Petrobras, Brazil's state owned oil company, in all projects and operating of oil fields. The rules also mandate sourcing of equipment inside Brazil to develop local suppliers. Shell and Total, eager to add to oil reserves, will participate in development of the Libra oil field. BP, Chevron and Exxon declined to participate. The Brazilian government faces the difficult choice of keeping as much of the benefits of oil production inside Brazil and yet making it attractive enough for major oil companies with the knowhow for deep water drilling to participate. Delaying development for years means pushing revenue generation further into the future even as the growth rate for Brazil is slowing- down to 0.9% in 2012 and expected to be 2.5% in 2013. The street protests in 2013 making it even more important to show that the benefits of oil production will stay inside Brazil and yet not delay the generation of revenues needed for investment in Brazilian education and infrastructure.
Brazil- Oil Self Sufficiency, Supply and Demand Side Actions
04/21/2006
Grouped Articles
Brazil Moves to Join Other Major Oil Nations
Wall Street Journal 10/22/2013
Brazil Seen Having to Alter Oil Rules
Wall Street Journal 10/23/2013
Brazil's Petrobras: Self-Reliant or Pliant?
Wall Street Journal 04/21/2006
Japan's New Phones Flatter the Face, Track the Kids, Function in the Shower
Wall Street Journal 08/17/2006
The Secret to Brazil's Energy Success
Wall Street Journal 04/01/2011
Energy Agency Says World Will Turn to Americas for Oil
New York Times 06/16/2011
Four bills in Brazil's Congress for offshore oil, Petrobras and Petrosal.
04/21/2006
The creation of a new company Petrosal to use oil revenues from these fields in social spending and infrastructure.
Grouped Articles
Petrobras Seeks to Sway Critics
Wall Street Journal 05/24/2013
Petrobras Pays Price for Being Brazil's Champ
Wall Street Journal 07/08/2013
Brazil Moves to Join Other Major Oil Nations
Wall Street Journal 10/22/2013
Fracking Leaves Brazilian Oil Lacking
Wall Street Journal 10/22/2013
Brazil Seen Having to Alter Oil Rules
Wall Street Journal 10/23/2013
Overheard: The Fall of a National Champion
Wall Street Journal 11/15/2014
The 2013 Libra auction, higher state participation and foreign investment in Brazil's oil industry
10/23/2013
Grouped Articles
Brazil Seen Having to Alter Oil Rules
Wall Street Journal 10/23/2013
Brazil's Petrobras and the efforts to develop new deep water oil fields with collaboration of foreign oil companies
06/22/2010
Grouped Articles
Brazil Moves to Join Other Major Oil Nations
Wall Street Journal 10/22/2013
Fracking Leaves Brazilian Oil Lacking
Wall Street Journal 10/22/2013
Brazil Seen Having to Alter Oil Rules
Wall Street Journal 10/23/2013
Petrobras Sets Ambitious Capital Budget
Wall Street Journal 06/22/2010
Can Petrobras Get $50 Billion?
Wall Street Journal 06/24/2010
Brazil’s Star, Petrobras, Is Hobbled by Scandal and Stagnation
New York Times 04/15/2014
Petrobras and economic policy in Brazil under president Rousseff
08/15/2011
Petrobras is losing ground in oil exploration and growth as economic policies of the Rousseff government focus on lowering unemployment in Brazil. Unemployment in Brazil is at 5.4% in 2013 but growth has slowed sharply to about 1%. Government policy requires Petrobras to buy from Brazilian companies to increase employment. The share price of Petrobras has fallen sharply in recent years down to where its market capitalization in less than the Colombian oil company. Oil production is not keeping up with growth in the economy.
Grouped Articles
Petrobras Investors Feel the Give and Take of Government
Wall Street Journal 04/15/2013
Infrastructure Enthusiasm Builds in Brazil
Wall Street Journal 08/15/2011
Petrobras Pays Price for Being Brazil's Champ
Wall Street Journal 07/08/2013
Brazil Moves to Join Other Major Oil Nations
Wall Street Journal 10/22/2013
Fracking Leaves Brazilian Oil Lacking
Wall Street Journal 10/22/2013
Brazil Seen Having to Alter Oil Rules
Wall Street Journal 10/23/2013
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us