Brazil

A fire and explosion on Petrobras Cherne 1 platform in Brazils Campos Basin left 11 workers injured on April 21, 2025, according to the North Fluminense Oil Workers Union and Petrobras.The accident occurred at 7:25 a.m., halting gas flow and cutting communications.
Emergency vessels fought the fire for nearly four hours.
One worker fell into the sea but was rescued alive and conscious.Medical teams transferred all injured workers to a hospital in Maca.
The platform held 176 people at the time, and all others remained safe.
Petrobras confirmed Cherne 1 had not produced oil since 2020.The company plans to transfer the platform to Perenco, a private operator, later this year.
The union claims that this incident highlights years of underinvestment and declining safety standards in the region.They point to a record 731 offshore oil accidents in Brazil in 2024, with 183 injuries and one fatality.
Most accidents happened during equipment installation or on support vessels, indicating operational risks remain high.Mexico Fights Back Against U.S.
Migration Warning on TV.
(Photo Internet reproduction)The Campos Basin, once Brazils oil powerhouse, now faces aging infrastructure and rising incident rates.
The union says these problems stem from a broader decline in investment and maintenance.Petrobras has launched an internal investigation and promises to review safety protocols before resuming any activity on Cherne 1.
This incident underscores the growing operational risks in Brazils offshore oil sector as ownership shifts and infrastructure ages.The story behind the figures reveals a sector under pressure to maintain safety and reliability amid changing hands and tightening budgets.





Unlimited Portal Access + Monthly Magazine - 12 issues


Contribute US to Start Broadcasting - It's Voluntary!


ADVERTISE


Merchandise (Peace Series)

 


U.S. Tariffs Drive Import Boom and Trade Deficit, Consumer Costs Offset by Cheaper Energy


U.S. Economy Surpasses Expectations with 228,000 New Jobs in March


U.S. Consumer Base Adapts to New Economic Realities with Confidence


[Brazil] - Petrobras Courts Chinese Investors to Revive Brazil's Shipbuilding Sector


Latin America’s Human Rights Crisis: The Business Risks Behind the Numbers


LATAM Airlines Achieves Record Profit as Efficiency Drives Growth in Q1 2025


China’s Direct Shipping Route to Peru Redraws Pacific Trade Map


Canada’s Liberals Win Again, Betting on Continuity Despite Economic Decline


Argentina’s Central Bank Steps Back: What the New Dollar Policy Means for Everyday Life


Callao Port Modernization Anchors Peru's Ambition for Regional Trade Dominance


Uruguay’s Economy Faces Subdued Growth Amid Fiscal and Global Pressures


Brazil’s OXXO Growth Offsets FEMSA’s Global Challenges in Q1 2025


Focus: Brazil’s Inflation Battle Intensifies as Growth Hangs in Balance


Brazil’s External Balances Worsen Despite Strong Export Performance


Eletrobras Board Shake-Up Reveals Power Struggle Over Brazil’s Energy Giant


Brazilian Industrial Confidence Hits Five-Year Low Amid High Rates and Slowdown


March 2025 Sees Major Outflows from Brazilian Equities and Bonds


IRB Brasil’s Profit Climbs, Yet Premium Slump Clouds Future Gains


Europe’s Grid Collapse: 50 Million Left Without Power


From Betrayal to Upheaval: AfD Becomes Germany’s Largest Party as Voters Reject Merz


[Brazil] - The Hidden Reckoning: What's Really Happening in China's Economy


[Brazil] - Rio de Janeiro Sees Historic Surge in New Businesses and Tourism in Early 2025


Economic Calendar: Key Market Events for the Week from April 28 to May 2, 2025


U.S. Brokers Historic DRC-Rwanda Peace Declaration Amid Mineral Wealth Ambitions


Football Games for Sunday, April 27, 2025: Match Schedule and Live Broadcast


Dollar Holds Steady Against Real as Brazil’s Economy Faces Inflation and High Rates


Oil Prices Struggle as Oversupply and Trade Tensions Weigh on Market


Bitcoin Holds Near $95,000 as ETF Inflows and Regulatory Shifts Reshape Crypto Market


Gold Price Stabilizes After Steep Correction, Finds Support Near $3,265


Six Oil Majors, Including Shell, Withdraw from Colombia Amid Regulatory and Market Uncertainty


German Industry Stalls as Tariffs and Weak Demand Hit Core Sectors


April Data Shows Brazil’s Construction Sector Grappling With Lower Confidence and Rising Costs


Apple Shifts U.S. iPhone Production to India, Marking End of China Era


Trump Readies Massive $100 Billion Arms Deal for Saudi Arabia, Reshaping U.S. Defense Ties


Brazil’s Fuel Mafia: Crime Syndicates Reshape a Key Industry


Portugal’s Fighter Jet Pivot: Gripen Gains Ground as Lisbon Drops F-35 Plans


Raízen Faces Heavy Losses and Strategic Shifts Amid Brazil’s Bioenergy Downturn


India and Pakistan Exchange Fire at Tense Border as Kashmir Attack Shakes Region


Hedge Funds, Not Foreign Investors, Drive U.S. Market Sell-Off in 2025


Bessent’s Vision: Rebalancing Global Finance with American Leadership


Mexico’s Economy Slows as Inflation Surprises and Central Bank Cuts Rates


Cobre Panamá Mine’s Future Unclear After Panama Rejects New Mining Contract


Shell’s Colombian Exit Signals Deeper Energy, Policy, and Market Shifts


Trade Rebalancing Efforts Underpin UBS’s Downbeat Global Growth Forecast


Tourist Massacre in Kashmir Fuels Diplomatic Crisis and Economic Risks for India and Pakistan


March U.S. Durable Goods Orders Jump 9.2%, Highest Since 2014; Yearly Growth Approaches 12%


Industry Leaders Signal Economic Deceleration for Brazil in 2025


Brazil’s Usiminas Profit Soars Ninefold in Q1 2025, Yet Shares Slide Amid Market Uncertainty


Azul Raises R$ 1.66B in Share Offering, Takes Key Step in Financial Restructuring


Brazilian Real Holds Firm as Trade Winds Shift and Rates Bite


Bitcoin Price Analysis: BTC Holds $92,000 Support After ETF-Driven Rally


Ibovespa Climbs as Tariff Fears Ease, Market Eyes US Signals


[Brazil] - Brazil's Debt Crisis Mirrors Advanced Economies as IMF Projects 100% Debt-to-GDP by 2029


Argentina's Private Sector Wages Reach Highest Level Since 2017, Driven by Real Gains


Mexico's Public Debt Hits Six-Year Peak Amid Fiscal Pressures and Global Headwinds


Eurozone Economy Grinds to Halt as Services Slump Offsets Factory Resilience


Colombia's Trade Deficit Widens in February 2025 Amid Shifting Export-Import Dynamics


Noboa’s Ecuador: Security Crackdown and Economic Opening After Correísmo’s Fall


Fiscal Discipline Guides Peru’s Major Fighter Jet Modernization


Global Copper Market Rallies on Trade Optimism and Dollar Weakness


Oil Prices Climb on Iran Sanctions and Falling U.S. Inventories


Gold Retreats Sharply from $3,500 Historic Peak as Trump Softens Stance on Fed and China


Brazilian Real Strengthens Against Dollar as Commodity Exports Boost Currency


Bitcoin Breaks Out: BTC Surges to $94K, Smashing Resistance Levels


Brazil Markets Surge on Easing US-China Trade Tensions While Economy Shows Resilience


Chile&& s M A Market Shrinks Sharply Amid Political Reset and Economic Crosswinds Chile's mergers and acquisitions market contracted greatly in early 2025, according to TTR Data's latest quarterly report. The country saw just 60 handle the fi


Poás Volcano’s Eruptions Deal Heavy Blow to Costa Rica’s Local Economy


Brazil’s Bahia Hosts World’s Largest Cocoa Farm Project Challenging West Africa’s Market Dominance


Spain Commits €10.5 Billion to Meet NATO Defense Target and Boost Industry


[Brazil] - Petrobras Platform Explosion Exposes Rising Safety Risks in Brazil's Offshore Oil Sector


Chile’s Pension Reform: Market Realities Behind the Numbers


Trump's Trade Gambit Drives Dollar Down, Boosts Export Hopes


The Impact of the US-China Trade War on the Global Soybean Market: Brazil’s Strategic Rise


Klaus Schwab, Globalism’s Architect Bows Out Amid Nationalist Surge


Itaú Unibanco Flags Downside Risk for Brazil’s 2025 GDP Amid Global Strains


[Brazil] - Ceará's Green Hydrogen and Data Center Boom Faces Power Grid Bottleneck


Catholic Population Grows, Clergy Shrinks: Vatican Data Signals Shifting Global Dynamics


China Warns Rivals as U.S. Trade War Escalates, Japan and South Korea Face High-Stakes Dilemma


[Brazil] - Brazil and BYD Deepen Ties on Electric Cars and Battery Investments


America's Quest for Mineral Independence Takes Shape


Uruguay's Housing Minister Steps Down Over Property Tax Irregularities


JD Vance in India: Navigating Tariffs, Trade, and Strategic Ties


Indonesia and United States Set 60-Day Deadline to Resolve Tariff Dispute


Brazil&s Insurance Market Sees Record M A as Firms Pursue Scale and Technology


Biggest Shake-Up of American Diplomacy Since 1789 Proposed by Trump


Silver Climbs 1% Post-Easter as Trade Tensions Fuel Safe-Haven Appeal


International Copper Market Navigates Trade Tensions as Prices Steady at $4.75/ pound


Oil Prices Slide as U.S.-Iran Nuclear Talks Show Progress