Average LNG Regasification In 2017 Exceeded 2016

The liquefied gas transformation was concentrated in Bahia and Ceará, with the RJ terminal idle throughout the year

Data from the Ministry of Mines and Energy (MME) show that the increase in thermoelectric consumption in the second…

ANP Biodiesel Auction Trades US$ 701 M

The auction was held to ensure sufficient amounts of the fuel for the 10% blend, which goes into effect in March

The 59th ANP biodiesel auction traded 903,225 million liters of biodiesel, with virtually all the fuel coming from…

Seismic in Libra Interrupted

Poor ship performance cited for halting the node campaign, with the project still unfinished

The Libra consortium halted the Fairfield 3D node seismic campaign run in the area since October. The decision…
From the Media

Mar 22, 2018 - Kallanish Energy

Planning for the privatization of Brazilian power holding company Eletrobras hasn’t yet fully materialized, and barriers are already expected to move to the proverbial back burner, Kallanish Energy understands. Brazil’s energy minister, Fernando Coelho Filho, who has been pushing for the US$3.68 billion privatization is expected to resign in April to run for a governorship or congressional seat. His departure could put the privatization plan into jeopardy if his replacement is appointed by two senators. If former energy ministers Edison Lobao and Eduardo Braga manage to choose the next energy minister, “it could completely scuttle the privatization, as the appointee would have similar anti-privatization leanings.”

Mar 22, 2018 - Agencia Brasil – EBC

Brazilian President Michel Temer said the U.S. will start negotiations with Brazil over the new import tariffs on steel and aluminum. While talking about the measure, unveiled in a note by the U.S. government, Temer said the new tariff will not be introduced before negotiations are brought to an end. “I’m looking at a declaration by the White House saying that Brazil is one of the countries with which negotiations are to begin with a view to waiving import tariffs on steel and aluminum. The new tariffs, the message from the White House says, will not apply until conversations are held on the topic. Good news,” the president said.

Mar 22, 2018 - The Wall Street Journal

Brazil’s central bank cut its benchmark interest rate Wednesday for the 12th consecutive time and surprised markets by signaling readiness to trim the rate again at its next meeting, as price increases remain below expectations. The monetary policy committee cut the bank’s Selic short-term rate to 6.5% from 6.75%, a record low.

Mar 22, 2018 - Reuters

Setback for Trump administration after tepid offshore oil lease sale. Critics of the administration called the unusually large lease sale ill-timed. U.S. crude oil and natural gas output is already smashing records thanks to improved drilling technology that has opened up cheaper onshore reservoirs, and Brazil and Mexico are also competing for drilling investment in their own deep-water acreage. "Offering a nearly unrestricted supply in a low demand market with a cut rate royalty and almost no competition is bad policy and an inexcusable waste of taxpayer resources," the Center for American Progress, a left-leaning policy think tank, said in a statement.