Brazil Oil Jobs Hit Post-2010 High as Buzios-Led Offshore Buildout Spurs Billions
Updated
Updated · Bloomberg · May 14
Brazil Oil Jobs Hit Post-2010 High as Buzios-Led Offshore Buildout Spurs Billions
2 articles · Updated · Bloomberg · May 14
Brazil’s oil industry employment has climbed to its highest level since the 2010 Petrobras mega-project boom, marking a full rebound in sector hiring.
Buzios and other offshore developments drove the recovery by pulling in tens of billions of dollars of investment, according to trade group ABESPetro.
That spending has tightened the labor market, leaving Latin America’s biggest oil producer facing a talent shortage as projects expand.
The hiring surge also signals the industry has moved past setbacks from the past decade, including the Petrobras corruption scandal, an oil-price crash and a long freeze in exploration licenses.
With a history of corruption, will Brazil's new multi-billion dollar oil boom finally lift up its people or just enrich a select few?
Brazil is betting big on offshore oil. Can it become a top producer without sacrificing the Amazon and its climate goals?
As Brazil's oil exports soar to record highs, why can't it solve the crippling diesel fuel crisis facing its own citizens?