• 2 days The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 12 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 1 day European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 4 days Demonising fossil fuels has caused major grid problem in Australia
  • 3 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 23 mins "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 8 days "And this is perhaps the most dangerous kind of government there can be."
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 5 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 330 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 7 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
John Daly

John Daly

Dr. John C.K. Daly is the chief analyst for Oilprice.com, Dr. Daly received his Ph.D. in 1986 from the School of Slavonic and East European…

More Info

Brazilian Startup has Portfolio from the Amazon to Namibia

In the world of investing nothing is certain, but some companies seem a much surer bet than others. With globalization, investors are searching worldwide for places to park their money, and many are increasingly turning to the so-called "BRIC" countries - Brazil, Russia, India and China, all of which are projected to be major economic powerhouses of the 21st-century.

HRT Participações em Petróleo S.A., commonly referred to simply as HRT, is one such company.

Last October HRT raised $1.54 billion in an initial public offering.  HRT has major ambitions - at the time of the IPO, HRT CEO Marcio Rocha Mello said that HRT Participacoes em Petroleo SA aims to be Brazil's largest private oil and gas company within five years.

The IPO was designed to raise capital to finance oil exploration in the two crown jewels in HRT's portfolio, its concessions in Brazil's Solimoes Basin in the Amazon and offshore Namibia in southern Africa. The oil producer plans to invest $1.97 billion in Brazil and $342 million in Africa through 2014 to boost reserves. Months before the IPO, the respected oil auditing firm of Dallas-based DeGolyer & MacNaughton calculated HRT's potential reserves at the two sites at 1.5 billion barrels of oil and equivalents.

HRT has an impressive roster of personnel, as the company was founded by a group of senior geoscientists and engineers who previously held key positions at Petróleo Brasileiro S.A - Petrobras,…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News