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
| 11 Dec 24 |
Brazil: SLB awarded integrated services contract for all Petrobras’ offshore fields in Brazil Global energy technology company SLB has been awarded, after a competitive tender, a new contract by Petrobras for integrated services across all offshore fields operated by Petrobras in Brazil. SLB will oversee the construction of more than 100 deepwater wells, utilizing advanced drilling, cementing and drilling fluids technologies on up to nine ultra-deepwater rigs. |
| 05 Dec 24 |
Germany: RWE wind farms Lesse and Barbecke back to full operation after successful repowering RWE has put the Lesse and Barbecke wind farms, which are located next to each other in Lower Saxony, back into full operation following a successful repowering project. During the upgrade, 17 wind turbines which were around 20 years old were replaced by 11 more powerful, state-of-the-art assets. |
| 02 Dec 24 |
Brazil: Petrobras announces teaser for transfer of minority stake in the Tartaruga Field in the Sergipe-Alagoas Basin Petrobras has started the teaser stage for the transfer of its 25% minority stake in the Tartaruga Field, located in the town of Pirambu-SE, in shallow waters of the Sergipe-Alagoas Basin, operated by SPE Tiêta (Petrorecôncavo). |
| 18 Nov 24 |
Brazil: Corcel acquires gas production in Brazil Corcel has entered into a binding option agreement with Petroborn Óleo e Gás to acquire a 20% interest in the IRAI gas field, ii) a Right-of-First Refusal ('ROFR') over the remaining 80%, and iii) another ROFR for 100% of the adjacent TUC-T-172 exploration block ('IRAI Opportunity'), located in the state of Bahia, onshore Brazil. |
| 11 Nov 24 |
Brazil: Petrobras reports net profit of R$ 32.6 billion in Q3 2024 Petrobras reported a net profit of R$ 32.6 billion in the third quarter of 2024 (Q3 2024). The company also posted other solid financial indicators for the quarter, including recurring EBITDA of R$ 64.4 billion, free cash flow of R$ 38 billion, and robust operational cash flow (OCF) of R$ 62.7 billion - one of the top six quarterly operational cash flows in its history |
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
