Repetro Tax Rate Cut for E&P

The change represents yet another victory for oil companies and the goods and services industries in relation to the application of the new regime

Campos In Free Fall…

Petrobras' production in the basin was 1.223 million b/d in 2017, the lowest since 2004

Petrobras reported production of 1.223 million barrels per day(b/d) from the Campos Basin in 2017, down 9.9% from…

Claro: Self-generation Using Methane from Oil Wells

Cogeneration will be in NE, part of a corporate program to generate up to 80% of the low voltage power it consumes

Nationwide cellphone operator Claro will generate up to 80% of its low voltage consumption needs through 33…

Energy And Fuels Impact Inflation In 2017

Higher LPG prices also affected last year's accumulated results

Electricity and fuel prices, which are part of the housing and transportation groups, respectively, weighed heavily…
From the Media

Jan 19, 2018 - Reuters

Global oil markets are tightening quickly on falling supply from Venezuela, which posted 2017’s biggest unplanned output fall and could see a further decline in 2018, the International Energy Agency (IEA) said on Friday. U.S. supply growth will push its output past 10 million bpd, overtaking Saudi Arabia and rivaling Russia. Along with gains in Canada and Brazil, this will drive up non-OPEC supply by 1.7 million bpd in 2018, versus last year’s 0.7 million bpd increase. Non-OPEC nations will be producing just short of 60 million bpd this year. “Explosive growth in the U.S. and substantial gains in Canada and Brazil will far outweigh potentially steep declines in Venezuela and Mexico,” the IEA said.

Jan 19, 2018 - Offshore Technology

Despite another tough year for the offshore oil and gas sector, there are plenty of trends to be positive about. 2017 has seen an improved oil price, surprise investments in the UK Continental Shelf and Norway, as well as big spending from the majors in Brazil and the US Gulf Coast.

Jan 19, 2018 - Oil&Gas 360

Oilfield-service providers, happy to close the book on a largely unforgiving 2017, are eyeing a rebirth with higher crude prices sowing the seeds for a prolonged period of growth. In Brazil, Petrobras is scheduled to start up eight vessels for handling production, storage and the offloading of oil, up from two last year. Oilfield-service providers, hired by oil explorers to do everything from mapping prospects to maximizing field output, were the first to get clobbered when the worst crude-market crash in a generation kicked off in 2014.

Jan 19, 2018 - Macauhub

Chinese companies invested US$20.9 billion in Brazil in 2017, the highest amount since 2010 with the economic recession leading to lower asset prices and attracting investors, according to figures released on Thursday in Brasilia by the Ministry of Planning, Development and Management. The investment made by Chinese companies in Brazil in 2017 was focused on energy, transport logistics, agro-business, financial services, the chemical and pharmaceutical sectors and electricity production and transmission.