Gustavo Ribeiro

👉 Why it matters. The back-to-back announcements come at a moment when energy security has climbed back to the top of the global agenda — a shift turbocharged by geopolitical instability and, more recently, the war in Iran. Read the full story: newsletters.brazilian.report/p/new-oil-disc…

...part of a broader effort to replenish reserves in the Campos Basin — a long-producing region that has been showing its age. Just weeks ago, Petrobras announced a natural gas discovery at the Copoazu-1 exploratory well off the coast of Colombia.

Petrobras has announced an oil discovery in the pre-salt layer of the Campos Basin, off the coast of Rio de Janeiro state — a find that underscores Brazil's continued ambition to squeeze more life out of one of its most historically productive offshore regions.

Read the full story: newsletters.brazilian.report/p/mercosur-eu-…

Today, intra-bloc trade makes up only 13% of total exports.

In 1998, then-Argentine Pres. Carlos Menem took the stage at the @wef and made a bold promise: Mercosur would accomplish in 5 years what the EU had taken five decades to build, including a common currency. Brazilian officials in the audience winced, and they were right to.

The jet being put on display today is the 12th to be delivered to the Brazilian Air Force, and the first to have been assembled here. Read the full story: newsletters.brazilian.report/p/gripen-jets-…

Of those 36 aircraft, 15 were to be assembled on Brazilian soil (the local production line was inaugurated in 2023).

The federal government plans to roll out Brazil's first domestically assembled F-39 Gripen fighter jet today. The event is set to take place at Embraer's sprawling facility in Gavião Peixoto, a city 300 kilometers to the northwest of São Paulo.

Read the full story: newsletters.brazilian.report/p/ratinho-pres…

The problem is that these candidates are too conservative for most Lula voters and not conservative enough for Bolsonaro's base. To climb in the polls, they must attack the Bolsonaro camp — which risks alienating the very voters most ideologically close to them.

Before his presidential bid had even been formally announced, Governor Ratinho Junior of Paraná backed out of the race — saying he would sit out the general elections entirely, finish his second term, before taking the helm of the ...