Covering Latin American energy for Bloomberg from Rio de Janeiro
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Articles by Peter Millard
Bolsonaro’s Election Lead Raises the Odds of Brazil Oil Asset Sale
Flavio Bolsonaro speaks in Sao Paulo on Oct. 13.Photographer: Tuane Fernandes/Bloomberg October 15, 2026 at 11:40 AM UTC Welcome to our guide to the commodities driving the global economy.
英BP、ブラジルのバイオ燃料事業売却を検討－石油・ガスに資本集中へ
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
BP Is Said to Weigh Sale of Its Brazilian Biofuels Business
is considering options for its Brazilian biofuels business including a sale as Chief Executive Officer accelerates efforts to reshape the energy giant’s portfolio and concentrate capital on core businesses, according to people familiar with the matter. BP of the business in 2024 by acquiring a 50% stake for $1.4 billion including debt. And the company no longer considers the business core to its future strategy, the people said.
BP Is Said to Weigh Sale of Its Brazilian Biofuels Business
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BP avalia a venda de negócio de biocombustíveis no Brasil, dizem fontes
Bloomberg — A BP avalia alternativas para o negócio de biocombustíveis no Brasil, incluindo uma venda, enquanto a CEO Meg O’Neill acelera os esforços para reformular o portfólio da gigante de energia e concentrar capital nos principais negócios, segundo pessoas a par do assunto que falaram com a Bloomberg News. A BP assumiu o controle do negócio em 2024 ao adquirir uma participação de 50% por US$ 1,4 bilhão, incluindo dívida.
BP Is Said to Weigh Sale of Its Brazilian Biofuels Business
Bloomberg (Bloomberg) -- BP Plc is considering options for its Brazilian biofuels business including a sale as Chief Executive Officer Meg O’Neill accelerates efforts to reshape the energy giant’s portfolio and concentrate capital on core...
South America Is Now Big Oil’s Top Hunting Ground
A gas flare burns on a floating production vessel in the Buzios field off the coast of Rio de Janeiro, Brazil.Photographer: Bloomberg September 25, 2026 at 11:46 AM UTC Welcome to our guide to the commodities driving the global economy.
Evidencias de esclavitud moderna empañan cadena de suministro de Nucor
Nedirane dos Santos solía trabajar 30 días seguidos en un campamento de producción de carbón vegetal en el estado de Maranhão, en el noreste de Brasil, antes de poder regresar a casa para reunirse con su familia, a cientos de kilómetros de distancia.
Nucor Supply Chain Tainted by Evidence of Modern-Day Slavery
Source: Brazil Ministry of Labor and Employment (Bloomberg) -- Nedirane dos Santos used to work for 30 days straight at the charcoal-making camp in the northeastern Brazilian state of Maranhao before getting time off to return to her home and...
Trump's Venezuela oil deal hinges on decrepit and distant fields
The success of the Trump administration's blockbuster Venezuela oil deal is riding on fields that are aging, degraded or expensive to access. The agreement last month with Alejandro Betancourt, an energy mogul with a controversial history, includes 17 fields and gives the US majority control of a huge amount of Venezuela's oil wealth. Betancourt's North American Blue Energy Partners has said it aims to more than double crude production, adding about 300,000 barrels a day in just over two years.
Trump’s Venezuela oil deal hinges on decrepit and distant fields
Getting your Trinity Audio player ready... By Fabiola Zerpa, Mie Dahl, Peter Millard, Bloomberg News The success of the Trump administration’s blockbuster Venezuela oil deal is riding on fields that are aging, degraded or expensive to access. The agreement last month with Alejandro Betancourt, an energy mogul with a controversial history, includes 17 fields and gives the US majority control of a huge amount of Venezuela’s oil wealth.
Trump’s Venezuela Oil Deal Hinges on Decrepit and Distant Fields
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Acuerdo petrolero de Trump con Venezuela enfrenta un reto: yacimientos envejecidos y costosos
Bloomberg — El éxito del espectacular acuerdo petrolero de la administración Trump con Venezuela depende de yacimientos que se encuentran en proceso de envejecimiento, están degradados o cuyo acceso resulta costoso. El acuerdo alcanzado el mes pasado con Alejandro Betancourt, un magnate de la energía con un historial polémico, abarca 17 yacimientos y otorga a Estados Unidos el control mayoritario de una enorme parte de la riqueza petrolera de Venezuela.
Acuerdo petrolero de Trump en Venezuela enfrenta campos envejecidos y costosos
Plataformas petrolíferas de Petróleos de Venezuela SA (PDVSA) en el lago Maracaibo, en Cabimas, estado de Zulia, Venezuela.
Trump's Venezuela Oil Deal Hinges on Decrepit and Distant Fields Original
Among the 17 fields, a handful near Lake Maracaibo — the region that helped turn Venezuela into one of the world's biggest oil producers and exporters by the middle of the 20th century — could add roughly 200,000 barrels a day in about two years without requiring massive investments, according to industry estimates. That's still shy of NABEP's target, and even some of the most promising assets will require rehabilitation after decades of neglect.
Venezuela’s New Crop of Oil Barons Step Up Their Dealmaking
Welcome to our guide to the commodities driving the global economy. Today, senior reporter Peter Millard looks at the newest names in Venezuelan oil.
EE.UU. respalda acuerdo con Alejandro Betancourt para reactivar yacimientos petroleros en Venezuela
Bloomberg — La Administración Trump defendió su decisión de asociarse con un inversor polémico en 17 yacimientos petrolíferos de Venezuela, alegando que este se encuentra en una posición única para ayudar a revitalizar los pozos obsoletos del país y restablecer el flujo de crudo.
Cofundador de Coinbase busca hacerse con yacimientos de petróleo tras acuerdo entre EE.UU. y Venezuela
Bloomberg — El cofundador de Coinbase, Fred Ehrsam, está tratando de hacerse con el control de al menos tres yacimientos petrolíferos venezolanos, según fuentes familiarizadas con las negociaciones, en un momento en que Washington está reestructurando la industria petrolera del país y sustituyendo a algunos operadores de la era Maduro por inversores alineados con Trump.
Reviled in the U.S., data centers win support in Brazil’s presidential election
Data centers have become politically toxic in the U.S. midterm election campaign. Not in Brazil’s presidential race. Ahead of the country’s October vote, both Brazilian President Luiz Inacio Lula da Silva and right-wing rival Flavio Bolsonaro are making multibillion-dollar data centers and the artificial intelligence investment that comes with them central to their pitches to bolster Latin America’s largest economy.
Coinbase Co-Founder Seeks Fields in Venezuela Oil Shakeup
Photographer: Tammy Perez/Getty Images (Bloomberg) -- Coinbase co-founder Fred Ehrsam is seeking control of at least three Venezuelan oil fields, according to people familiar with the negotiations, as Washington reshapes the country’s oil industry...
Chevron Nears Deal for Two Oil Fields in Venezuela’s Orinoco
Chevron Corp. is finalizing a deal that will significantly expand its operations in Venezuela by adding two giant oil fields in the Orinoco Belt, part of a push by U.S. President Donald Trump to ramp up production in the South American country.
US Stands by Oil Deal With Venezuelan Energy Mogul Betancourt Original
Photographer: Federico Parra/AFP/Getty Images (Bloomberg) -- The Trump administration defended its decision to partner with a controversial investor on 17 oil fields in Venezuela, saying he is uniquely positioned to help revitalize the nation’s...
US Stands by Oil Deal With Venezuelan Energy Mogul Betancourt Original
(Bloomberg) -- The Trump administration defended its decision to partner with a controversial investor on 17 oil fields in Venezuela, saying he is uniquely positioned to help revitalize the nation's aging wells and restore the flow of crude.
Chevron finalizing deal tied to Venezuela oil assets
Government Business Fuel U.S. oil major set to add Carabobo oil fields in Venezuela's Orinoco Belt September 1, 2026 1:41 PM, EDT A pump jack in the Orinoco Belt of El Tigre, Venezuela. (Bloomberg) Key Takeaways: Chevron is finalizing a deal to add two giant Orinoco Belt oil fields in Venezuela's Carabobo region, significantly expanding its operations there.
Chevron Nears Deal for Two Oil Fields in Venezuela’s Orinoco (1) Original
is finalizing a deal that will significantly expand its operations in Venezuela by adding two giant oil fields in the Orinoco Belt, part of a push by US President to ramp up production in the South American country. The Texas oil company has negotiated operating rights to the fields in the Carabobo region that hold billions of barrels of heavy oil reserves, according to people familiar with the matter who asked not to be named because the deal hasn’t been announced.
Chevron está por cerrar un acuerdo para explotar dos yacimientos en la Faja del Orinoco
Bloomberg — Chevron Corp. (CVX) está ultimando un acuerdo que ampliará significativamente sus operaciones en Venezuela mediante la incorporación de dos yacimientos petrolíferos gigantes en la Faja del Orinoco, como parte de una iniciativa del presidente de EE. UU., Donald Trump, para aumentar la producción en este país sudamericano.
Brasil busca liderar los centros de datos de IA en América Latina en plena carrera electoral
Bloomberg — Los centros de datos se han convertido en un tema políticamente delicado en la campaña para las elecciones de mitad de legislatura de Estados Unidos. No es así en la carrera presidencial de Brasil.
Chevron Nears Deal for Two Oil Fields in Venezuela’s Orinoco
Photographer: Bloomberg (Bloomberg) -- Chevron Corp.
Data centers entram na disputa eleitoral entre Lula e Flávio
Data center da ByteDance em construção no Complexo Industrial e Portuário do Pecém, no Ceará, em maio.Source: Bloomberg September 1, 2026 at 11:41 AM UTC Às vésperas da eleição de outubro, o presidente Luiz Inácio Lula da Silva e o senador Flávio...
Data centers ganham espaço na eleição no Brasil em contraste com resistência nos EUA
Bloomberg — Os data centers se tornaram um tema politicamente delicado na campanha para as eleições de meio de mandato nos EUA. Mas não na corrida presidencial brasileira. Antes das eleições de outubro no país, tanto o presidente Luiz Inácio Lula da Silva quanto seu rival, Flávio Bolsonaro, estão colocando os data centers de bilhões de dólares e os investimentos em inteligência artificial que os acompanham no centro de suas propostas para impulsionar a maior economia da América Latina.
Data Centers, Reviled in the US, Win Support in Brazil’s Presidential Election
Photographer: Dado Galdieri (Bloomberg) -- Data centers have become politically toxic in the US midterm campaign. Not in Brazil’s presidential race.
Brasil apuesta por los centros de datos que los votantes de EE.UU. rechazan
El centro de datos de ByteDance, en construcción en el Complejo Industrial y Portuario de Pecém, en Ceará (Brasil), en mayo.
Pentagon in Talks With Venezuelan Mogul for Massive Oil Deal (1)
The US government is pursuing a major stake in Venezuelan oil reserves via a potential partnership between the Department of Defense and , a controversial energy investor who has become a key middleman between the two countries. The negotiations are focused on as many as 17 oil fields that span Venezuela’s main petroleum basins, according to people familiar with the matter.
Pentagon in Talks With Venezuelan Mogul for Massive Oil Deal
Photographer: Daniel Slim/AFP/Getty Images (Bloomberg) -- The US government is pursuing a major stake in Venezuelan oil reserves via a potential partnership between the Department of Defense and Alejandro Betancourt, a controversial energy...
Rescisão da Petrobras pressiona bonds da Oceânica e reforça receio com dívida corporativa
Bloomberg — A decisão da Petrobras (PETR3; PETR4) de cancelar os contratos de duas embarcações da Oceânica derrubou os títulos de dívida da companhia, em mais um revés para o já fragilizado mercado brasileiro de dívida corporativa. A Petrobras é a maior cliente da Oceânica e respondeu por 95% de sua receita líquida no ano passado, o que ajuda a explicar a forte reação do mercado.
Petrobras Mulls Improving Braskem Credit Terms Amid Debt Talks
Photographer: Dado Galdieri/Bloomberg (Bloomberg) -- Brazil’s Petrobras is weighing whether to grant improved payment terms to Braskem on some contracts as the petrochemical producer races against the clock to find a solution for its debt woes...
Petrobras mulls improving Braskem credit terms amid debt talks - Bloomberg
State-controlled oil giant Petrobras has tightened conditions on the naphtha it supplies Braskem as the company's financial situation deteriorated in the past few years, the people said,...
En Brasil buscan fabricar combustible para aviones con una fruta exótica: hay US$ 3.000 millones en danza
En el estado brasileño de Minas Gerais, al norte de San Pablo, más de 200 investigadores compiten por comercializar una fruta rica en aceite para que algún día pueda servir de combustible para aviones de pasajeros.
The Tropical Fruit That Could One Day Fuel Jetliners
Cleaner jet fuel is expensive and scarce, limiting adoption in the global aviation industry. We travel to Minas Gerais in Brazil, where a $3 billion project aims to use the little-known macauba palm tree as a new tool to decarbonize air travel.
Projeto de US$ 3 bi da Mubadala aposta na macaúba ampliar produção de SAF no Brasil
Bloomberg — No norte do Estado de Minas Gerais, mais de 200 pesquisadores correm para viabilizar comercialmente um fruto rico em óleo que, um dia, poderá abastecer aviões.
Jet Fuel Made From Tropical Fruit Gets $3 Billion Backing
Acelen Renováveis has developed fruit separation and oil extraction equipment at the Minas Gerais Agripark research site. The company plans to replicate these at its macauba plantations, so it can ship oil instead of fruit and cut logistics costs. "You basically need to beat the economics of soybeans and sugarcane," said Thiago Sinzato, a senior bioenergy analyst at Rystad Energy.
Terremotos y todo, los “wildcatters” van tras el petróleo venezolano
Greig Gilbert huyó de Venezuela cuando era adolescente, hace 22 años, después de que una huelga general y un intento de golpe de estado sumieran a la industria energética del país en el caos. Se prometió a sí mismo que algún día regresaría.
Oil Wildcatters Seek a Piece of Venezuela Despite Quakes
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Greig Gilbert fled a sunbaked oil town in eastern Venezuela as a teenager 22 years ago, after a general strike and attempted coup plunged the country’s energy industry into turmoil. He vowed that one day, he would return. Oil is in his blood.
By Peter Millard, Fabiola Zerpa Verified, Patricia Garip, Vinicius Andrade, Vinícius Andrade, Vivien Ngo
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Bloomberg News
Verified
ByteDance construye en Brasil su mayor complejo de centros de datos fuera de China
Las obras del centro de datos de ByteDance en Ceará (Brasil), anteriormente este año.
Dona do TikTok escolhe o Brasil para seu maior complexo de data centers fora da China
Bloomberg — Avistadas da rodovia, meio escondidas por palmeiras e outras vegetações, as fileiras simétricas de colunas de 5,5 metros evocam as grandiosas edificações do Império Romano. De perto, você verá que não se trata de uma ruína antiga, mas de um monumento em ascensão às ambições geopolíticas de uma superpotência moderna: a China. Neste canto remoto do estado do Ceará, centenas de trabalhadores estão construindo um data center para ByteDance, dona do TikTok.
Dona do TikTok escolhe o Brasil para seu maior complexo de data centers fora da China
Bloomberg — Avistadas da rodovia, meio escondidas por palmeiras e outras vegetações, as fileiras simétricas de colunas de 5,5 metros evocam as grandiosas edificações do Império Romano. De perto, você verá que não se trata de uma ruína antiga, mas de um monumento em ascensão às ambições geopolíticas de uma superpotência moderna: a China. Neste canto remoto do estado do Ceará, centenas de trabalhadores estão construindo um centro de dados para ByteDance, dona do TikTok.
Dona do TikTok escolhe Brasil para maior data center fora da China
Centro de dados da ByteDance em construção no Complexo Industrial e Portuário do Pecém, no Ceará, Brasil.Fotografia de Dado Galdieri para a Bloomberg Businessweek July 1, 2026 at 4:15 PM UTC Avistadas da rodovia, meio escondidas por palmeiras e...
ByteDance Picks Brazil for Its Largest Data Center Outside China Original
Glimpsed from the highway, half-hidden by fan palms and other vegetation, the symmetrical rows of 18-foot columns evoke the grand edifices of the Roman Empire. Up close you’ll see this isn’t some ancient ruin but a rising monument to the geopolitical ambitions of a modern-day superpower: China. On this remote corner of Brazil’s Ceará state, hundreds of workers are building a data center for , the owner of TikTok.
ByteDance Picks Brazil for Its Largest Data Center Outside China
Photographer: Dado Galdieri for Bloomberg Businessweek (Bloomberg Businessweek) -- Glimpsed from the highway, half-hidden by fan palms and other vegetation, the symmetrical rows of 18-foot columns evoke the grand edifices of the Roman Empire.
ByteDance Picks Brazil for Its Largest Data Center Outside China
2 hours ago Celebrating the ideals of the Declaration of Independence is hard if you don’t believe in them. As he reached the end of his acceptance speech at the Republican National Convention in 2024, J. D. Vance’s tone became more intimate. He began to speak of a cemetery in Kentucky where five generations of …
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