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

Apr 23, 2018 - Alterenergymag

For the first time in history, the production cost of renewables is lower than that of fossil fuels, Kaiserwetter, a leader in renewable energy asset management, can today reveal. Fossil fuels presented costs between US$ 49 and US$ 174 per MWh in the G20 countries during 2017, while renewable energy projects were between US$ 35 and US$ 54. The latest photovoltaic energy auctions in Dubai, Mexico, Chile, Abu Dhabi or Saudi Arabia, and onshore wind energy in Brazil, Canada, India or Morocco in 2017 suggests that the standard cost of energy can be reduced to US$ 30 per MWh from 2018. However, onshore wind energy has already achieved similar costs in projects across Brazil, Canada, Germany, India, Mexico and Morocco, already reaching US$ 30 MWh.

Apr 23, 2018 - Reuters

Brazil’s power company Neoenergia on Friday raised its takeover bid for power distribution company Eletropaulo Metropolitana SA) from 25.51 reais to 29.40 reais per share, according to a securities filing. Neoenergia, which is controlled by Spanish company Iberdrola, is competing with Italy’s Enel) for a controlling stake in Eletropaulo, Brazil’s largest power distribution firm. Enel had raised its offer on April 19 to 28 reais per share plus a cash injection of 1.5 billion reais to be made after the acquisition.

Apr 23, 2018 - Bloomberg

Mario Abdo Benitez, a former senator from the ruling Colorado Party, won Sunday’s presidential election in Paraguay, in a surprisingly narrow victory over the opposition candidate. Abdo Benitez, 46, whose father was the secretary of long-ruling dictator Alfredo Stroessner, had 46.4 percent of the vote, with almost 100 percent of voting stations counted, according to preliminary results from the electoral court. Former public works minister Efrain Alegre trailed with 42.7% of votes.

Apr 23, 2018 - Oilprice

After being caught up in major corruption scandals and suffering from what some have claimed was its worst economic downturn in 100-years, Brazil has pulled itself back from the brink. The economy commenced growing again in 2017 with gross domestic product (GDP) expanding by 1 percent and 2018 GDP growth forecast by the International Monetary Fund (IMF) to be 2.3%. One of the key drivers of Brazil’s improving economic outlook are Brasilia’s plans to launch what could become the biggest oil boom in Latin American history. You see, Brazil possesses what is rated as being among the top offshore oil assets globally, the massive pre-salt oil fields located in the Atlantic Ocean on the Latin nation’s continental shelf.