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
| 04 Mar 26 |
Brazil: Petrobras plans to invest over R$150 million in geological characterization of the pre-salt layer with the Libra Rocks project Petrobras and its partners in the Libra Consortium will invest approximately R$151 million in the Libra Rocks project to develop innovative technologies and create conceptual geological models to be applied in Mero, Petrobras' third largest field, located in the pre-salt layer of the Santos Basin. |
| 03 Mar 26 |
Brazil: Petro-Victory Energy begins drilling SJ-12 Well at São João field, Brazil Petro-Victory Energy Corp has announced the commencement of its previously disclosed well commitment under the Memorandum of Understanding ('MOU') previously announced to the market, marked by the start of drilling on the SJ-12 well at the São João Field in the Barreirinhas Basin, Maranhão, Brazil. |
| 02 Mar 26 |
Brazil: OceanPact and CBO announce business combination OceanPact and CBO have announced, in a Regulatory Filing, the combination of their businesses, to be implemented through the incorporation of CBO’s holding company into OceanPact. Upon completion of the transaction, the combined company will have a fleet of 73 vessels, annual revenue of more than USD 778 MM (R$ 4 billions) and a backlog of USD 2,7 billions (R$ 14 billions). |
| 26 Feb 26 |
Brazil: ENGIE commissions Assú Sol in Brazil, its largest solar park worldwide The Assú Sol photovoltaic complex, comprising 16 plants and representing ENGIE’s largest operational solar project worldwide, is now fully commissioned. The Group received approval from the Brazilian authorities on 13 February 2026, following construction work completed in December 2025 and a total investment of BRL3.3billion. |
| 08 Feb 26 |
Brazil: Petrobras reports on receiving the earnout for Sépia and Atapu Petrobras reports that it has received R $ 1.65 billion from its partners in the Sépia and Atapu blocks - TotalEnergies EP Brasil Ltda (28%), PETRONAS Petróleo Brasil Ltda (21%) and QatarEnergy Brasil Ltda (21%), in Sépia; and Shell Brasil Petróleo Ltda (25%) and TotalEnergies EP Brasil Ltda (22.5%), in Atapu. |
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
