The Brazilian oil company has started to publicize the opportunity to sell its distribution and commercialization businesses in the neighboring country

Oil & Gas

Pará-Maranhão: More Time for Divestments

analuisaegues Mar 2, 2020

The deadline for the delivery of proposals for offshore concessions has been extended to March 5

Oil & Gas

Gaspetro Publishes Teaser

Lais Carregosa Feb 28, 2020

Petrobras continues its divestments in the natural gas sector

Oil & Gas

Ultrapar Predicts Gains From Petrobras Divestments

João Montenegro Feb 24, 2020

For the group's president, asset privatization will reduce raw material costs

Oil & Gas

Petrobras 2019 Profit Tops Three Majors

João Montenegro Feb 20, 2020

Record earnings in 2019 driven by sales of assets

Oil & Gas

UFN-III For Sale – Again

Lais Carregosa Feb 11, 2020

Petrobras makes new divestment attempt at the unit in Três Lagoas, Mato Grosso do Sul

Oil & Gas

… And Chevron Will Also Pull Out of the Field

João Montenegro Feb 5, 2020

The American oil company will make the pre-salt assets acquired in the bidding rounds of the last two years their priority

Older Posts

From the Media

Apr 06, 2020 - IEA

The oil world has seen many shocks over the years, but none has hit the industry with quite the ferocity we are witnessing today. As markets, companies and entire economies reel from the effects of the global crisis caused by the coronavirus pandemic, oil prices have crumbled. The impacts will be felt throughout oil’s global supply chains and ripple into other parts of the energy sector. This is an unprecedented moment for those engaged in the business of supplying oil and those who rely on the associated revenue. The IEA is concerned about the current oil market situation and the negative implications for the stability of the global economy. To find a way forward, Dr Fatih Birol, the IEA’s Executive Director, has been discussing the situation in recent days with energy ministers from the United States, Canada, Saudi Arabia, Brazil, Iraq and India as well as senior officials from other key countries.

Apr 06, 2020 - BNamericas

The board of Engie Brasil Energia gave the go-ahead to a US$240 million loan from development bank BNDES. The Brazilian subsidiary of France’s Engie will use the proceeds for phase 2 of its Campo Largo wind farm, it said in a disclosure, without specifying the length or terms of the loan. In recent weeks, companies in Brazil have faced difficulties arranging loans from banks, as the coronavirus crisis' impact on the economy has made lenders more conservative and interest rates have risen, while investors have shied away from the capital markets. As a result, the government is using BNDES to provide finance for companies in sectors considered crucial for the economy, such as energy.

Apr 06, 2020 - Argus

Sugarcane producers are trying to enlist the help of the Brazilian federal government to weather coronavirus headwinds ahead of the start of harvest season. Reductions in energy demand caused by efforts to stop the spread of the coronavirus have pummeled Brazil's ethanol market, which has seen precipitous drops in consumption and prices. Industry representatives have already started negotiating better conditions for debt financing and spearheading other relief talks, including more benefits for farmers under an expansion of Brazil's biofuels policy RenovaBio. Concerns over dwindling sugar and ethanol demand are mounting as the 2020-2021 crop season — which started on 1 April — is expected to see an increase of sugarcane output, from 582.9mn t last season to 596mn t, according to local sugar and ethanol consultancy Datagro.

Apr 06, 2020 - Reuters

Brazilian power distributors have asked the government for financial support as falling demand for electricity during the coronavirus pandemic undermines their operations and weakens their balance sheets. In a webinar on Friday, the chief executives of some of Brazil's largest distributors discussed a potential support package that could involve emergency loans, including from the national development bank BNDES, in addition to the use of Treasury financing and industry funds to support the companies during the crisis.This week, some companies have claimed force majeure on electricity contracts after a sharp reduction in demand in the wake of isolation measures adopted to combat the spread of the coronavirus.