Marlim FPSOs Deferred Again

The receipt of proposals was transferred to October, marking a third postponement

The receipt of proposals was transferred to October, marking a third postponement
From the Media

Aug 15, 2018 - Reuters

Brazil’s state-controlled power utility Eletrobras said on Tuesday said its second-quarter net profit soared when compared with the same period a year earlier, helped by increases in power prices. Eletrobras reported in a securities filing net income of 2.832 billion reais (US$ 732.50 million), up sharply from 344 million reais in the second quarter of 2017. The company said increases in the prices of power in several Brazilian states where it operates with power distribution subsidiaries boosted its quarterly earnings considerably.

Aug 15, 2018 - Globe Newswire

Capstone Turbine Corporation, a clean technology manufacturer of microturbine energy systems, announced it secured an order for one C65 and one C200R microturbine for an international brewing company located in South Brazil. Luming Inteligência Energética, Capstone's National Account partner in Brazil, secured the order, which is expected to be commissioned by the end of the calendar year. The order is the first industrial deployment for Luming in Brazil and expands beyond their traditional commercial applications leading to future development in the growing industrial sector. "The order is significant as it continues to demonstrate our continued penetration in yet another strategic geography," said Darren Jamison, Capstone CEO.

Aug 15, 2018 - AIN Online

Latin America’s fleet of fixed-wing business aircraft will grow by 140 to 143 aircraft by 2027, in Pratt & Whitney Canada’s view. A Brazilian bizav market segment seen as particularly promising is helicopters for offshore oil-and-gas platform support. This market has been poor for some but the company believes that with oil prices continuing to rise the Brazilian and Latin American region’s offshore oil-and-gas segment will attract new exploration and drilling activity that will require supporting air services by medium-size and heavy helicopters, with the Brazilian offshore oil-and-gas aviation segment eventually growing at a rate well above Brazilian GDP growth—perhaps by as much as 15% annually.

Aug 15, 2018 - Argus

Brazil's state-owned pre-salt oil marketing firm PPSA is laying the groundwork to sell crude directly to customers in primary export destinations, including China. "We are structuring ourselves to offer this option to the market, as we understand the logistical complexity of the operation in the pre-salt often hinders the purchase of oil by some companies. The government's oil supply will grow a lot starting in 2021, and we want to offer all possibilities to the market," PPSA tells Argus. The company is evaluating the direct leasing of tankers, and could close contracts in the next year that would curb its reliance on sales to state-controlled Petrobras and foreign oil companies that are looking to pick up the government's pre-salt take and resell it.