14 January 2020
Production is higher than ever but the latest of Brazil's oil licensing round attracted very little interest from the foreign firms, suggesting that the boom may be short-lived, unless either the government improves the investment regime or international oil prices rise substantially.
03 August 2019
03 December 2018
The South Atlantic Cable System (SACS) was completed in September, making it the first fibre submarine cable between Africa and the Americas. Running from Fortaleza in north-eastern Brazil to Sangano in Angola it should encourage the Angolan government to press ahead with the reform of its own telecoms sector, which remains underdeveloped in comparison with most other countries in Sub-Saharan Africa.
23 October 2018
While the Brazilian economy struggles to get back on track after an extremely difficult decade, its hydrocarbon wealth continues to attract international interest. State owned Petrobras dominates the upstream and refining sectors but has been forced to sanction foreign investment because of its own financial difficulties. At the same time, Brazil’s engineering giants have been blocked from bidding for some contracts, providing opportunities that may previously have been closed off.