Exploration & Production

Brazil’s gas sector lurches from crisis to crisis

A political crisis unfolding in Brazil has the potential to adversely impact the country’s oil and gas sector A political crisis unfolding in Brazil has the potential to adversely impact the country’s oil and gas sector.
By Abhishek Kumar 26 May 2017 0 26113
A drilling rig off the Brazilian coast. (Anadarko)

Directional impact on forecast:
Downbeat on Brazil’s gas and LNG demand

Just as it seemed the economic reforms of President Michel Temer were about to yield results, Brazil has once again become engulfed in a political crisis that could ultimately cost Temer his job. Economic reforms, including to the oil and gas sector, could be delayed, watered-down or shelved. This in turn will prolong economic weakness in the recession-hit country and deter investment in its upstream sector.

Temer became Brazil’s acting president in May 2016...