Browsing Tag

Brasil Energy

Crisis? What Crisis?

Claudia Siqueira Feb 2, 2012

The economic crisis that is afflicting the European Union once again is frightening Brazilian industrial exporters, the way it did during the global recession of 2008/09. Yet natural gas sales in the country continue to rise without…

On The Cutting Edge

Redação Feb 2, 2012

After more than 20 years in Brazil, the Ship Power Division of the Finnish company Wärtsilä finished 2011 with a contract that could represent a benchmark for its activities in Brazil. The agreement calls for the development of…

Fresh Paint

Redação Feb 2, 2012

With more than 100 projects underway, ranging from the construction of new refineries to the modernization of current refineries, the Supply Area of Petrobras will start 2012 with a number of reasons for celebration. A record number of…

Easier Credit

Redação Feb 1, 2012

Even though they are acting through independent agreements among themselves, the associated companies of the four Petro Networks in the state of Rio de Janeiro have obtained significant results in recent years —beginning…

Catalogued Companies

Redação Feb 1, 2012

In addition to the Petro Networks, there are other initiatives in Brazil that bring together suppliers in the oil and gas industry to promote business, encourage partnerships and bring new companies into the productive chain…

R&D Attracts US$ 221 MM

Redação Feb 1, 2012

Eighteen companies will invest R$ 395 million (US$ 221 MM) over the next three years in solar power R&D in Brazil. The projects total 25 MWp of power and were approved in the strategic program “Technical and…

New Rules Coming

Redação Feb 1, 2012

Aneel has postponed — from December last year until February of this year — the regulations for the incentives for distributed solar energy micro-generation (less than 100 kW) and mini-generation…

Solar Policy

Redação Feb 1, 2012

Members of the government are signaling that the public policy option for the solar energy industry in Brazil will be for distributed generation. Subsidies are practically discarded and the auctions may be very expensive,…

Now A Field

Redação Feb 1, 2012

The prospect formerly known as Guará is now called Sapinhoá. With an estimated recoverable volume of oil of 2.1 billion boe, Petrobras declared the area commercially viable at the end of 2011, and it is…

Cleaner Fuels

Redação Feb 1, 2012

The units that are being inaugurated in Brazil’s refineries in 2011 and forecast for 2012 are part of an investment cycle begun in 2004 to improve the quality of fuels sold in Brazil. The investments were a response…

Decisive Year For Wind Power

Redação Feb 1, 2012

After a year of records, Brazil is starting 2012 with 1.4 GW of installed wind power and good prospects of reaching nearly 3 GW by December. The capacity should double with the startup of 58 wind farms with capacity of 1,486.6 MW,…

Green Line

Redação Feb 1, 2012

The nearly 2,000 km Tucuruí - Macapá - Manaus long transmission line (TL), which will connect the capital of the state of Amazonas to the National Interconnected System (SIN), is beginning to take shape. By the end of the…

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From the Media

Mar 15, 2019 - Bloomberg

Venezuela’s opposition leader is rolling out the welcome mat to foreign investors who want a piece of the world’s largest oil reserves. In a major break from the policies of President Nicolas Maduro and his late predecessor Hugo Chavez, Venezuelan opposition chief Juan Guaido wants to allow foreign crude explorers to drill without partnering with the national oil company, a top adviser said. Under Chavez, seizures of foreign assets chased companies such as Exxon Mobil Corp. and ConocoPhillips out of the country and saddled the government with billions of dollars in reparation obligations. As the nation spiraled into economic, social and political chaos, Venezuela’s oil fields and infrastructure were neglected and starved of cash, leading to ruinous decline.

Mar 15, 2019 - Bloomberg

Brazil’s energy minister said the country plans to sign an accord next week with President Donald J. Trump that could pave the way for U.S. companies to explore the Latin American country for uranium and invest in new nuclear-power plants. Bento Albuquerque, a former admiral who once ran the Brazilian Navy’s atomic program, met with U.S. Energy Secretary Rick Perry in Houston this week and discussed creating a bilateral forum on energy cooperation that would include nuclear projects. That’s expected to be part of a memorandum signed by Brazilian President Jair Bolsonaro on his first trip to the White House next week, Albuquerque said Thursday.

Mar 15, 2019 - Proactive Investors

Ocean Wilsons Holdings Limited shares sank on Friday after the marine services firm saw its profits dented by a softer performance by its tonnage business and exchange rate movements. The company blamed the profit slip on “softer” operating margins in its towage business, which pushed total operating margins down to 21.6% from 22.1% in the year, as well as a higher average US Dollar to Brazilian Real exchange rate, which prompted a revenue fall in dollar terms despite a 6% rise in the Brazilian currency. Looking forward, Ocean said competition in the Brazilian towage market where it operates “remains strong” and that the offshore oil and gas market, which it supplies support services for, was facing “another difficult year.”

Mar 15, 2019 - Reuters

U.S. ethanol exporters are likely to face increased competition in one of the few foreign markets where they have been able to deliver large volumes in recent years, the North and Northeast regions of Brazil, an industry association chief said. Ironically, that competition would come in the form of corn-based ethanol common in the United States, not sugar-based ethanol that has traditionally dominated in Brazil. Corn ethanol is taking off in Brazil’s grain heartland of Mato Grosso state, where production is expected to grow more than 50% in 2019 from a year earlier. But one major obstacle for that to happen is logistics.