Surplus Oil Auction Rules Only in April

Government continues discussions with agents involved and postpones CNPE meeting date

Government continues discussions with agents involved and postpones CNPE meeting date

Enauta Eyes Pre-salt

Formerly QGEP, Enauta focuses investments in Atlanta, but is already thinking about its first acquisition in the province

Transmission Expansion Program By 2025: US$ 5.3 B

The EPE released a survey of projects already identified in recent studies as necessary for the system

The EPE released a survey of projects already identified in recent studies as necessary for the system

Cemig Changes the Guard

Bernardo Alvarenga will be replaced by Cledorvino Belini as CEO; six other directors were also dismissed

From the Media

Mar 22, 2019 - BBC

Former Brazilian President Michel Temer has been arrested in São Paulo as part of a massive corruption investigation. Mr Temer, a 78-year-old lawyer who was in office from 2016 to 2018, is being investigated in several cases. He has consistently denied any wrongdoing. His arrest was considered imminent after he lost his legal protection when he left office. Many politicians and business leaders have been convicted or charged as part of the so-called Operation Car Wash. His former Mining and Energy Minister Moreira Franco was also arrested.

Mar 22, 2019 - Bloomberg

Economic Overhaul at Risk as Temer Arrest Roils Brazil Politics. The arrest of Brazil’s former President Michel Temer on Thursday showed the largest corruption investigation in the country’s history remains a powerful and unpredictable force in its politics, clouding the outlook for the government’s key economic reforms. Temer, 78, became the second former Brazilian head of state after Luiz Inacio Lula da Silva to be arrested by the so-called Carwash probe that has brought down swathes of the nation’s business and political elite. Former Energy Minister Wellington Moreira Franco, a close friend of Temer, was also detained. They are both members of the MDB, one of the larger parties in Brazil’s highly fractured Congress.

Mar 22, 2019 - The Telegraph

Brazil’s former president was arrested on Thursday on corruption charges, making him the second ex-head of state to be detained in a five-year investigation which has shaken the country to its core. Michel Temer, who took over from Dilma Rousseff when she was impeached in 2016, served as president until Jair Bolsonaro took over on January 1. Mr Temer, 78, no longer has the partial immunity that helped him avoid prosecution. His arrest follows that of Luiz Inacio Lula da Silva, known as Lula, who is currently serving 12 years on a corruption conviction as part of the same investigation. The case, known as Lava Jato or “Car Wash”, has seen over 150 powerful politicians and businessmen convicted in relation to the investigation, which has reshaped the country's political and business landscapes.

Mar 22, 2019 - The New York Times

Former President Michel Temer of Brazil Is Arrested in Bribery Probe. Brazilian law enforcement officials on Thursday arrested former President Michel Temer as part of a bribery investigation, opening a significant new chapter in the years long corruption scandal that has roiled the country’s politics. A federal judge, Marcelo Bretas, who is based in Rio de Janeiro, ordered Mr. Temer’s arrest as a precautionary measure in a case involving alleged kickbacks to secure a contract to build a nuclear power plant in Rio de Janeiro state. Televised images of heavily armed police officers taking Mr. Temer into custody riveted Brazilians on Thursday, nearly a year after the nation was gripped by the imprisonment of former President Luiz Inácio Lula da Silva, who was sentenced to 12 years in prison for corruption and money laundering.