Engie Maps Gas Storage Areas

The survey, in partnership with Petrobras and the ANP, looks at depleted fields to add to backup supply

The survey, in partnership with Petrobras and the ANP, looks at depleted fields to add to backup supply

PetroRio Production Up

The volume extracted by the oil company jumped in March reflecting the acquisition of the Frade field

Cemig Plans To Expand Três Marias Hydroelectric Plant

The company is doing technical and financial studies of the possibility of installing two new turbines in the plant

The company is doing technical and financial studies of the possibility of installing two new turbines in the plant…
From the Media

Apr 18, 2019 - RT

BRICS bank to invest in infrastructure projects in Brazil.Investment worth $621 million will be provided by BRICS New Development Bank (NDB) to Brazil, according to the Institute for Applied Economic Research (Ipea). It said the bank has approved Brazilian projects on renewable energy, road building, railway construction, sanitation, telecommunications and an oil refinery. NDB has also plans to launch its Americas Regional Office in Brazil. The Shanghai-based bank has already approved 30 projects in member countries, amounting to more than $8 billion. Almost a third of the amount was allocated to the transportation sector, Ipea said, adding that 26 percent was provided for renewable energy projects.

Apr 18, 2019 - Reuters

Brazilian energy company Vila Energia Renovavel said it sold 90% of wind power complex Terra Santa to France's Total S.A. The company will retain a 10% stake in the project, in Brazil's northeast region.The French company has plans to grow in clean energy generation globally. It had previously bought three solar parks in Brazil, with a combined capacity to produce 140 megawatts. The Terra Santa wind complex, in the state of Rio Grande do Norte, has a long-term power supply contract already signed. It will require 410 million reais ($105 million) to be completed and is expected to start production in 2021.

Apr 18, 2019 - Energyworld

Brazil's government will require a signing bonus of 106 billion reais (US $26.9 billion) in an Oct. 28 auction of excess oil from the so-called transfer-of-rights area in the pre-salt fields, Economy Minister Paulo Guedes. Companies bidding would also have to compensate state-run oil company Petrobras for investments that Petrobras already made in the blocks. The auction comes after the settlement of a long-running dispute between Petrobras and the Brazilian government about one of the world's most promising offshore oil areas. The auction will be divided in four blocks, referring to excess oil produced in the areas of Atapu, Buzios, Itapu and Sepia, in the Santos Basin. Guedes did not disclose the signing bonus for each area.

Apr 18, 2019 - Kallanish Energy

Brazil’s state-owned Petrobras is set to be the world’s major producer of floating production, storage and offloading vessels (Fpsos), according to analytics company GlobalData, Kallanish Energy notes. A study published Wednesday revealed 17 Fpsos will be deployed by Petrobras from 2019 to 2025, 15 of which will operate in Brazil. Petrobras has not announced yet where the other two vessels will be sent. Looking at individual regions, South America leads with 27 Fpsos announced, followed by Africa and Europe, with 15 and 8 vessels, respectively, in the pipeline.