PetroRecôncavo Negotiates Gas Supply

The oil company seeks clients for production of fields acquired in the Potiguar Basin

The oil company seeks clients for production of fields acquired in the Potiguar Basin

Domestic Waste as Fuel

Votorantim Cimentos uses combustibles derived from urban garbage at its unit in Salto de Pirapora

Solar Enters the A-6

MME published guidelines for the September auction including wind, hydro, biomass, natural gas and coal sources

New Gas Market Model In June

Statement was by Minister Bento Albuquerque in meeting with representatives of industry segments

Statement was by Minister Bento Albuquerque in meeting with representatives of industry segments
From the Media

May 20, 2019 - Macauhub

The government of Brazilian President Jair Bolsonaro wants to strengthen and expand trade ties between Brazil and China, which is the message that Vice President Hamilton Mourão will give to Chinese President Xi Jinping at a meeting scheduled for Friday, 24 May, in Beijing. Most of the Chinese projects are concentrated in the energy and infrastructure sector, which is the area that, according to Mourão, remains the focus of interest in Brazil for the Asian partner’s resources, whether in logistics, roads, roads railways, or ports. Mourão noted that the huge potential of renewable energies in Brazil, especially in the wind segment, is an opportunity for Chinese capital.

May 20, 2019 - OE Digital

Brazilian state-owned oil company Petrobras predicts that the pre-salt slice of its total oil production will rise from the current 49% to up to 60% this year. The company's director of Exploration & Production, Carlos Alberto Pereira de Oliveira, recalled that the national operator's goal is to reach 2.8 million barrels per day of oil and gas this year, a level that was already reached in early May. From now on, the trend is for increased production, since seven new floating production, storage and offloading units (FPSO) have become operational in the last 11 months, and the company intends to put another 11 units into operation by 2023.

May 20, 2019 - Economic Times – India

Brazilian state-run oil firm Petrobras has removed three banks from the privatization process of fuel distribution unit Petrobras Distribuidora. BR Distribuidora, as the unit is known, is among the assets that at Petrobras intends sell to reduce debt and increase investments in oil exploration and production. Petrobras holds a 71.25% stake in BR Distribuidora and is seeking to privatize the fuel distributor through a share offering in the coming weeks. Petrobras had originally hired nine banks to coordinate the offering, but recently removed the investment banking units of Banco Bradesco SA, Banco do Brasil SA and HSBC Holdings Plc, the sources said. The number of banks involved in the deal is now six.

May 20, 2019 - Bloomberg

Bloomberg report that Brazil’s state-run oil company Petroleo Brasileiro SA is looking for a way to pull out of a pricey sponsorship deal with the McLaren Formula 1 racing team, President Jair Bolsonaro declared on his Twitter account. He wrote: “In 2018, Petrobrás signed an advertising contract of R$ 782-million (US$ 191-million) with McLaren, valid for five years. At the moment, the company, by decision of my Government, seeks a way to terminate the contract. Bolsonaro, who took office in January, has promised to shrink government spending, and among other things he has aimed fire on advertising and publicity costs.