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From the Media

Nov 26, 2020 - Renewables Now

The Brazilian Development Bank (BNDES) has okayed the transfer of control over the 582.8-MW Chui wind power cluster to Omega Geracao SA, the latter announced on Wednesday. According to a previous statement, the Brazilian renewable energy company is buying the wind asset from domestic power distributor Eletrobras for approximately US$ 281.7 M, including debt assumption. More specifically, Eletrobras has sold a 78% stake in the Eolica Santa Vitoria do Palmar and a 99.99% interest in the Hermenegildo I, II, III and Chui IX special purpose companies (SPEs).

Nov 26, 2020 - OEDigital

Seismic contractor Shearwater GeoServices has been awarded a large Ocean Bottom Node 4D Baseline survey in Brazil with the Brazilian national oil company Petrobras. The deepwater OBN survey will be carried out at the Jubarte Field in the Campos Basin. The 810 sq. km survey will start in the first half of 2021 and be conducted over a 3-month period. The survey will utilize the SW Diamond vessel operating Shearwater’s 3x3 source, equipped with three sub-arrays on each of the three sources, compared to the conventional two, which, according to Shearwater, allows "increased efficiency without source compromise."

Nov 26, 2020 - Argus Media

Gasoline supply has been impacted this month by an interruption at a fluid catalytic cracking unit at the 333,000 b/d Landulpho Alves refinery (Rlam) in Mataripe, reducing volumes available in Bahia. The situation has left the state in a worse situation that other states, market sources say. To be sure, state-controlled Petrobras, which operates the refinery, said it is unaware of operational problems at Rlam. Issues with mooring vessels in Rio Grande do Norte and Paraiba have aggravated supply problems in the region. Covid-related complications at the port of Guamare in Rio Grande do Norte delayed the landing of a gasoline cargo earlier this month.

Nov 26, 2020 - Seeking Alpha:

Brazil is a commodity economy - The real is a commodity currency. Brazil suffers from the global pandemic. A change in government could be on the horizon. A world leader in sugar, soybeans, coffee, beef, oranges, ethanol, and iron ore. A commodity bull market would help Brazil. The action from 2008-2011 could be a model for the coming years.