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The Oil Sector in Brazil Shines in The New York Times

Written by Paulo Nogueira
Published on 02/04/2018 at 18:58
Updated on 02/04/2018 at 21:26
O setor do petróleo no Brasil é destaque no The New York Times
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The Eyes of the World Are on Brazil’s Oil Industry, Which Has Gained International Attention and Interest Following the Success of Recent Auctions

The oil sector in Brazil has always been highly sought after by many global companies in this field, but due to Petrobras’s monopoly on exploring all or any assets it wanted, many of these operators remained inactive for a long time. Well, that reality has passed, and the Brazilian fossil fuels market is more open than ever,so much so that the 15th oil auction has been highlighted in major media outlets in Brazil and around the world.

The impact was so great that one of the most respected media outlets in the world, The New York Times, published a special feature dedicated to this event, as multinational companies are now entering the country with force. TNYT emphasizes that Brazil is likely to see robust investments and the eyes of the offshore world are focused on this sector, as regulations for conducting activities here have become easier now.

Carla Lacerda, the president of Exxon Mobil Brasil, gave an interview to the newspaper and emphasized that they wish to increase their workforce in the country in unprecedented proportions. Unfortunately, Petrobras no longer has the financial strength and expertise necessary to explore all the oil potential in our waters; it was only a matter of time before they threw in the towel due to the intensity of the crisis they have been suffering. In addition to Exxon, other giants such as Statoil, BP, Royal Dutch Shell, and Wintershall are quite excited about their acquisitions in these auctions. READ THE FULL ARTICLE FROM THE NEW YORK TIMES BY CLICKING HERE.

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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

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