Browsing: Economy

Despite the crisis, the state-owned oil company ended last year with a net profit of US$ 16.1 billion. From January until December 2009, the total output of oil and natural gas equivalent rose by 5%.

The search for executives in Brazil has risen in 2009 as against the previous year, according to a study by consultancy company DBM. This took place due to growth of the Brazilian economy.

British company BP has acquired the Devon Energy rights to explore areas in Campos Basin. The agreement, which also includes other areas for international exploration, cost US$ 7 billion.