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
| 10 Aug 26 |
Brazil: Petrobras reports R$ 52.4 billion (US$ 10.4 billion) profit in Q2 2026 Petrobras reported net income of R$ 52.4 billion (US$ 10.4 billion) in the second quarter of 2026, 97% higher than in the same period of 2025. Adjusted EBITDA amounted to R$ 93.8 billion (US$ 18.6 billion). The company's operational performance drove the financial results for the quarter, which was marked by record levels of Petrobras-operated oil production in Brazil. |
| 04 Aug 26 |
Brazil: Intermoor secures third Petrobras contract for mooring and subsea asset services in Brazil Intermoor, Acteon’s Moorings and Anchors business line, has been awarded a new contract by Petrobras for the provision of inspection, preservation, maintenance, and operational readiness services for subsea interconnection, mooring and anchoring materials. |
| 31 Jul 26 |
Brazil: DOF Group announces contract extensions for Skandi Buzios and Skandi Recife DOF Group has announced two new long-term contract extensions with Petrobras in Brazil. Following successful negotiation with Petrobras, the PLSVs Skandi Buzios and Skandi Recife have secured extensions to their current long-term contracts, ensuring continued operations. |
| 26 Jul 26 |
Brazil: Petrobras' P-33 truck has left the Port of Açu for sustainable disposal. The P-33 platform began sailing July 23rd towards the Rio Grande shipyard, where it will undergo a sustainable recycling process. By 2030, Petrobras' Strategic Plan foresees the decommissioning of 18 platforms , including seven fixed platforms and 11 floating units. |
| 22 Jul 26 |
Brazil: Vallourec wins a contract with Allseas for Atapu 2 offshore project in Brazil Vallourec, a world leader in premium seamless tubular solutions, has been awarded a contract by Allseas for the supply of carbon steel seamless line pipes and thermal insulation coating for the Atapu 2 project developed by the Unitized ATAPU consortium operated by Petrobras. |
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
