New MME Minister Pushes Petrobras, PPSA Privatization

"We need to take measures so that, increasingly, the world understands that Brazil is a safe harbor for investment"

"We need to take measures so that, increasingly, the world understands that Brazil is a safe harbor for investment"…

PetroRio Acquires Rig from Aquadrill

Oil company signed an exclusive agreement to acquire the semi-submersible rig Capricorn

Oil company signed an exclusive agreement to acquire the semi-submersible rig Capricorn

Energy Minister Albuquerque Resigns

Move comes in wake of sky-rocketing fuel prices on the part of the federally-controlled Petrobras oil company that Pres. Bolsonaro has roundly criticized in recent weeks

Move comes in wake of sky-rocketing fuel prices on the part of the federally-controlled Petrobras oil company that…

​More Drill Rigs for BM-S-11

The bidding proposals for the BM-S-11 are scheduled for May 18, but may be postponed

The bidding proposals for the BM-S-11 are scheduled for May 18, but may be postponed

Cade Approves Vibra and Copersucar JV

The purpose is to create an ethanol trading company open to all producers, distributors and other agents

The purpose is to create an ethanol trading company open to all producers, distributors and other agents

Cibiogás and GIZ To Develop Green Technology for Aviation Fuel

The companies, plus Araucária Foundation, and UFPR, with support from the Itaipu Technological Park (PTI) and Itaipu Binacional, sign a partnership deal

The companies, plus Araucária Foundation, and UFPR, with support from the Itaipu Technological Park (PTI) and…

SPIC and Cepel Research Green Hydrogen and Ammonia

Objective of the 18-month Aneel R&D project is to evaluate the possibilities of the H2V chain and its applications

Objective of the 18-month Aneel R&D project is to evaluate the possibilities of the H2V chain and its…

São Simão May Become Two-Thirds Larger

Expansion foresees the use of available resources in the UHE structure for the installation of four more generating units

Expansion foresees the use of available resources in the UHE structure for the installation of four more generating…

Macaé: New “Gas Route”

Recognized as the "Brazilian oil capital,” the city wants to use gas to "fuel" a new development cycle

Recognized as the "Brazilian oil capital,” the city wants to use gas to "fuel" a new development cycle
From the Media

May 13, 2022 - Oilprice.com

South America’s latest oil-producing nation, the former British colony of Guyana, is continuing to lay the groundwork for its oil boom. In 2015, global energy supermajor ExxonMobil, which is the operator holding a 45% working interest, and partners Hess with 30% and CNOOC holding 25%, made their first discovery in offshore Guyana in the 6.6-million-acre Stabroek Block. The Exxon-led consortium then went on to make a swath of high-quality oil discoveries with the latest occurring in April 2022. Exxon found oil with the Barreleye-1, Patwa-1, and Lukanani-1 wells which were drilled in the southeast of the Stabroek Block. That is five oil discoveries since the start of 2022 and a total of 31 finds since Exxon started drilling in the Block.

May 13, 2022 - Reuters

Brazil's antitrust watchdog CADE said on Friday that the sale of state-run oil company Petrobras' Reman refinery to fuel distributor Atem was approved with no restrictions. Reuters had reported the regulator's approval of the deal on Thursday, citing sources. Petrobras had announced in August 2021 an agreement to sell the refinery, which is located in the northern state of Amazonas, for US$189.5 million.

May 13, 2022 - Ethanol Producer

Brazil-based energy company Raizen announced on May 11 that its board has approved plans to invest US$ 389.8 million) in the development of two cellulosic ethanol plants that will be located in São Paulo. The two facilities are expected to produce 164,000 cubic meters of cellulosic ethanol annually, with production currently scheduled to begin in 2024. The two new facilities will be the third and fourth cellulosic ethanol plants developed by Raizen. The company began operations at its first cellulosic ethanol facility in 2015. That plant has an annual capacity of 34,000 cubic meters per year.

May 13, 2022 - Krishi Jagram (India)

A group of farmers' representatives from several sugarcane-growing states in India will travel to Brazil to study ethanol production and use and submit a report to the government. The delegation will also include members from the private sector and government authorities, and it is slated to depart soon. The study team will also include farmer leaders from Maharasthra and Uttar Pradesh, according to Kurubur Shanthakumar, President, Karnataka Sugarcane Cultivators Association, who is one of the delegates. "We have repeatedly urged the government to implement an ethanol policy that will boost ethanol production and help farmers." Mr.Shanthakumar stated.

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