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
| 15 Apr 26 |
Brazil: Petrobras will invest US$450 million in the world's largest seismic monitoring project Petrobras and its partners in the Libra Consortium will invest approximately US$450 million in the world's most extensive seismic monitoring project. In simple terms, the technology uses an ultrasound of the seabed, revealing its geological structures and the movement of fluids such as oil, gas, and water. |
| 15 Apr 26 |
Brazil: Petrobras approves new investments in SEAP and moves forward with the contracting of two platforms for the Sergipe-Alagoas Basin Petrobras has approved the final investment decision (FID) for the SEAP I project in the Sergipe-Alagoas Basin, consolidating the development of Sergipe Deepwater (SEAP), a new oil and gas production frontier in the country. The FID for the SEAP II module had already been approved in December 2025. |
| 13 Apr 26 |
Brazil: Petrobras announces new discovery of hydrocarbons in deep waters in the pre-salt layer of the Campos Basin Petrobras has identified the presence of hydrocarbons in the pre-salt layer of the Campos Basin , in an exploratory well drilled in Sector SC-AP4 of the Campos Basin, block CM-477 . The well 1-BRSA-1404DC-RJS is located 201 km off the coast of the state of Rio de Janeiro , at a water depth of 2,984 meters. |
| 13 Apr 26 |
Brazil: Strong shareholder response to Iberdrola’s takeover bid for Neoenergia Fllowing the auction relating to the takeover bid launched on 24 November – a standard procedure for this type of transaction in Brazil – Iberdrola will acquire an additional 14,2 % stake in its subsidiary Neoenergia, bringing its total stake to 98 %. |
| 13 Apr 26 |
Brazil: Solstad Maritime announces contract extension for Normand Fortress Solstad Maritime has announced a two year extension of the current contract for the CSV Normand Fortress with Petrobras. The gross contract value for the contract extension is approximately USD 56 million. |
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
