South America / GoM
Country profile: Brazil
| Location: | Eastern South America, bordering the Atlantic Ocean |
| Climate: | mostly tropical, but temperate in south |
| Terrain: | mostly flat to rolling lowlands in north; some plains, hills, mountains, and narrow coastal belt |
| Size: | 8511965 sq. km total (Land area: 8456510 sq. km Water area: 55455 sq.km) |
| Population: | 191,908,598 |
| Languages: | Portuguese (official and most widely spoken language); note - less common languages include Spanish (border areas and schools), German, Italian, Japanese, English, and a large number of minor Amerindian languages |
| Government: | federal republic |
| Capital city: | Brasilia |
| Legal system: | based on Roman codes; has not accepted compulsory ICJ jurisdiction |
| Currency: | real (BRL) |
| Licensing: |
Country profile
Brazil is the 10th largest energy consumer in the world and the third largest in the Western Hemisphere, behind the United States and Canada. Total primary energy consumption in Brazil has increased significantly in recent years. In addition, Brazil has made great strides in increasing its total energy production, particularly oil, over the past decade. Increasing domestic oil production has been a long-term goal of the Brazilian government.
The largest share of Brazil’s total energy consumption comes from oil (48 percent, including ethanol), followed by hydroelectricity (35 percent) and natural gas (7 percent). The large share of hydroelectricity in Brazil’s energy mix represents the dependence of electricity generation on hydroelectric dams. Natural gas is currently a small share of total energy consumption, but attempts to diversify electricity generation from hydropower to gas-fired power plants should cause natural gas consumption to grow in coming years.
Energy production and consumption
| Oil | Gas | |
| Production: | 1 million bbl/day (2006 est.) | 9 billion cu m (2005 est.) |
| Consumption: | 2 million bbl/day (2006 est.) | 17 billion cu m (2005 est.) |
| Exports: | 278,400 bbl/day (2005) | |
| Imports: | 674,500 bbl/day (2004) | 8 billion cu m (2005) |
| Reserves: | 13 billion bbl (2007 est.) | 312 billion cu m (1 January 2006 est.) |
| Major fields: |
Brazil - recent news
| 02 May 25 |
Brazil: Equinor sells the Peregrino field for USD 3.5 billion |
| 30 Apr 25 |
Brazil: Solstad Offshore announces multiple contract awards with Petrobras Solstad Offshore has announced multiple contract awards with Petrobras, subject to board approval, for two large Anchor Handling Tug Supply (AHTS) vessels and one Construction Support Vessel (CSV). |
| 29 Apr 25 |
Brazil: Petrobras production grows 5.4% and reaches 2.8 million barrels in the 1st quarter of 2025 In 1Q25), Petrobras had a 5.4% increase in average production of oil, NGL and natural gas, which reached 2.77 MMboed, mainly due to the lower volume of losses due to maintenance shutdowns; improved operational efficiency in the Santos Basin; the entry into production of the FPSO Almirante Tamandaré, in the Búzios field; and the ramp-up of the FPSO Marechal Duque de Caxias, in the Mero field, factors partially offset by the natural decline in production. |
| 29 Apr 25 |
Brazil: Petro-Victory Energy and BlueOak Investments complete acquisition of Capixaba Energia, strengthening Brazil onshore position Petro-Victory Energy Corp, an oil and gas exploration and production company focused on onshore Brazil, has announced the successful closing of its previously announced acquisition of Capixaba Energia, a producing oil and gas asset, generating substantial free cash flow, in the Espírito Santo Basin. |
| 16 Apr 25 |
Brazil: Karoon Energy reports Neon field to proceed into Define phase, on staged commitment basis Neon to proceed into Define phase, on staged commitment basis. Karoon expects to open a data room during the third quarter of 2025 and commence a farm down of Neon, which Karoon currently owns 100%. |
Brazil - more news
Other countries in this region
- Argentina,
- Aruba,
- Bahamas,
- Barbados,
- Belize,
- Bermuda,
- Bolivia,
- Canada,
- Chile,
- Colombia,
- Costa Rica,
- Cuba,
- Dominican Republic,
- Ecuador,
- Falklands,
- French Guiana,
- Grenada,
- Guatemala,
- Gulf of Mexico,
- Guyana,
- Honduras,
- Jamaica,
- Mexico,
- Nicaragua,
- Panama,
- Paraguay,
- Peru,
- Suriname,
- Trinidad,
- Uruguay,
- USA,
- Venezuela
