Chinese O&G Investments In Brazil: US$ 40 B

Both upstream and downstream projects attracted 30% of the country's investments in Brazil

Both upstream and downstream projects attracted 30% of the country's investments in Brazil

EDP and CPFL Energia Approach Startups

The goal is to seek innovative initiatives for the development of products and services for the electricity sector

The goal is to seek innovative initiatives for the development of products and services for the electricity sector…

Eneva Authorized as Natural Gas Reseller

Company expands its range of activities within the market, which requires more transparency

Company expands its range of activities within the market, which requires more transparency
From the Media

Oct 22, 2018 - Bloomberg

Canadian pension giant CPPIB and the Votorantim group are extending their foray into the South America power market with the acquisition of Sao Paulo power utility Cesp in a long-awaited privatization. A joint venture between Votorantim Energia and Canada Pension Plan Investment Board presented the winning bid of 1.7 billion reais (US$ 458 million) for a controlling 36% percent stake. Shares in the state-run company rose as much as 17%, the most in more than two year

Oct 22, 2018 - Reuters

Brazil's far-right presidential frontrunner Jair Bolsonaro would propose a formally independent central bank if elected as a way to limit political interference, Brazilian newspaper O Estado de S. Paulo. Although the Brazilian central bank enjoys administrative autonomy, it is one of the few remaining major central banks in the world that is not fully independent. Bolsonaro would propose an independent central bank as soon as elected, newspaper Estado reported without mention of how it obtained the information.

Oct 22, 2018 - AFP

More than 350 economists -- among them a Nobel Prize winner -- have signed a declaration saying Brazil's frontrunner to be president, far-right politician Jair Bolsonaro, is not the best choice for his country. The experts stated that Bolsonaro's leftist rival, Fernando Haddad, was "the best alternative" to uphold "Brazilian democracy and the institutions of the Rule of Law," according to the text and list published by the Folha de Sao Paulo newspaper on Friday. With Brazil's presidential run-off election just over a week away, on October 28, the statement was seen as a counterpoint to the wave of investor enthusiasm that has greeted Bolsonaro's candidacy.

Oct 22, 2018 - AFP

Petrobras is the jewel in Brazil´s crown: Latin America´s most valuable enterprise, a US$ 100-billion oil and gas group whose crude output puts the country in the top 10 league globally, rivalling that of many OPEC members. Yet it is also the most indebted oil company in the world. And it is at the heart of the biggest corruption scandal to rock Brazil: a graft probe that has claimed numerous political scalps, not least that of former leftist president Luiz Inacio Lula da Silva. Much attention in Brazil and abroad is now being focused on Petrobras because of what looks likely to be a Brazilian presidential election victory by Jair Bolsonaro. The ultraconservative has expressed a willingness to oversee further sales of Petrobras´ non-core assets.