Ibama News

Petrobras Required to Assess Indigenous Impact of Amazon Offshore Drilling

May 09, 2024

Brazil's state-run oil firm Petrobras must do a series of studies on the impact on Indigenous groups in the Amazon area of planned offshore drilling nearby in order to analyze the project's viability, according to a federal agency and documents from government agencies…

Lula's Ambitions for Petrobras Hemmed in by New Rules

May 20, 2024

Brazilian President Luiz Inacio Lula da Silva may soon discover that swapping the CEO of Petrobras PETR4.SA is not enough to turn the state-run oil company into the engine for job creation and development it was during his first 2002-2010 terms…

Petrobras Resists Order to Assess Indigenous Impact of Amazon Drilling

May 14, 2024

Brazil's state-run oil firm Petrobras is resisting regulatory demands requiring it to assess the impact on Indigenous groups of drilling in an offshore basin near the mouth of the Amazon River, Chief Exploration and Production Officer Joelson Mendes told journalists on Tuesday…

Petrobras Starts New Drilling Campaign in Potiguar Basin

Dec 25, 2023

Brazilian state-run oil group Petrobras has started drilling the Pitu Oeste well, which marks the restart of the company's search for oil and gas in the Equatorial Margin.The drilling of the well, in the BM-POT-17 concession, located 53 kilometers off the coast of Rio Grande do Norte…

Brazil Agency to Rule if Petrobras Can Drill Near Amazon Mouth by Early 2024

Nov 22, 2023

Brazil's environment protection agency Ibama is expected to decide by early next year if state-run oil company Petrobras PETR4.SA can drill near the mouth of the Amazon River, Ibama's president Rodrigo Agostinho said on Wednesday.The area is part of Brazil's Equatorial Margin…

Petrobras to Invest Some $300M to Drill Two Potiguar Basin Wells - Exec

Oct 03, 2023

Brazilian state-run oil group Petrobras plans to invest around $300 million to drill two exploratory wells in the deep waters of the Potiguar Basin after environmental licenses were issued last week, a top executive said in an interview.The…

Petrobras Expects to Drill near Amazon Mouth in 2024, says CEO

Oct 11, 2023

Brazil's state-run oil company Petrobras expects to do exploratory drilling next year near the mouth of the Amazon River, along the coast of the state of Amapa, Chief Executive Jean Paul Prates said on Wednesday.The region is part of Brazil's Equatorial Margin…

Brazil Likely to Explore Equatorial Margin for Oil, Finance Minister Says

Sep 18, 2023

Brazil will likely end up exploring the Equatorial Margin for oil but state-run Petrobras should adopt a 'cautious' approach given the need for precautions to protect the environment, Finance Minister Fernando Haddad said on Sunday.The Equatorial Margin is some 2…

Petrobras Estimates 5.6 Bln Barrels of Oil in Equatorial Margin Block -minister

Oct 02, 2023

Studies by Brazilian state-run oil company Petrobras show that a single oil block of Amapa's equatorial margin could total more than 5.6 billion barrels of oil, the country's mines and energy minister said on Friday.Alexandre Silveira's remarks…

Petrobras Seeks to be a Top Wind Power Developer

Sep 13, 2023

Brazilian state-run oil firm Petrobras on Wednesday revealed projects to develop offshore wind farms, in a bid to become a top wind power developer.Chief Executive Jean Paul Prates said during an event in Sao Paulo that this week the company…

Brazil President Lula's Aide: To Fund Energy Transition We Need Oil Money

Aug 16, 2023

There is no contradiction between defending an ecological transition and new oil exploration fronts, the chief of staff for Brazil President Luiz Inacio Lula da Silva said on Wednesday, as state-run giant Petrobras seeks clearance to drill a well at the mouth of the Amazon River…

Amazon Nations Summit Faces Fault Lines on Oil, Deforestation

Aug 08, 2023

Eight Amazon rainforest nations are expected to face divisions over proposals to block new oil drilling and end deforestation when they meet on Tuesday for their first summit in 14 years.The meeting of the Amazon Cooperation Treaty Organization (ACTO) gathers heads of state from Bolivia…

Lula's Coalition Roiled by Decision to Block Petrobras' Amazon Mouth Drilling Project

May 19, 2023

A decision by Brazil's environmental regulator to block state-owned oil company Petrobras' Amazon oil project has exposed tensions in President Luiz Inacio Lula da Silva's coalition between green advocates and those prioritizing economic development…

Petrobras Eyes Steady Investments in New Five-year Business Plan, CEO says

Jul 17, 2023

Brazil's state-run oil company, Petrobras, will keep total investments in its upcoming 2024-2028 business plan similar to the $78 billion foreseen in its latest five-year plan, CEO Jean Paul Prates told Reuters on Monday.Petrobras is preparing to preview updates to its business plan next month…

Petrobras Challenges Ibama's Decision to Reject Amapá Offshore Drilling Application

May 24, 2023

Brazilian oil company Petrobras said Wednesday it would file a request later this week with Brazil's environmental protection agency Ibama to reconsider the decision to deny the environmental license to drill an exploratory well in block FZA-M-059…

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