Browsing Tag

Downstream

Slowed by the Pace of Economic Recovery, Derivatives Will Not Uptick Until 2022

Lais Carregosa Apr 15, 2021

According to S&P Global Platts, the demand for gasoline and diesel in Brazil and Latin America remains below pre-pandemic levels

Oil & Gas

Petrobras Board of Directors Approves Sale of Rlam Refinery

analuisaegues Mar 25, 2021

The contract for the purchase and sale with Mubadala Capital should be signed soon

Oil & Gas

OEC: Contract To Build a Refinery in Angola

Felipe Salgado Mar 16, 2021

Estimated at US$ 920 M, the deal marks the resumption of Odebrecht Engenharia e Construção in the African market

Oil & Gas

Repar Teaser Retweaked

Claudia Siqueira Mar 5, 2021

Sale of the Paraná refinery will resume soon, even amid changes in Petrobras' management

Oil & Gas

Petrobras Boosts Fuel Prices at the Refinery. Again

analuisaegues Mar 3, 2021

On the same day, the President of the Republic eliminated the Pis/Pasep and Cofins taxes levied on gasoline, diesel, LPG and AvGas

Oil & Gas

Cade Calls for Prior Analysis of Proposals for Petrobras Refineries

Lais Carregosa Feb 25, 2021

The company said that submitting the transaction to Cade "is part of the usual procedure"

Oil & Gas

Mubadala Makes US$ 1.65 B Offer for Rlam

analuisaegues Feb 9, 2021

In a statement, Petrobras also said it would restart the competition process at another refinery

Oil & Gas

Anelise Lara, Petrobras’ Refining Director, Retires

Claudia Siqueira Jan 26, 2021

She will be replaced by Rodrigo Costa Lima e Silva, executive manager of Gas & Energy

Oil & Gas

Petrobras Has More Time to Sell Refineries

analuisaegues Jan 18, 2021

Company signed an addendum with Cade to extend the signing stage

Oil & Gas

RNEST Produces First Gasoline Tank

Felipe Salgado Jan 4, 2021

Gasoline A became part of the Abreu e Lima Refinery's production package

Oil & Gas

Petrobras Approves Reduction of Transpetro’s Capital Stock

analuisaegues Dec 31, 2020

The measure is related to divestments in the refining sector

Oil & Gas

Petrobras Suggests a 6-month Deadline for Intervention at UPGN in Guamaré

Lais Carregosa Dec 9, 2020

Petrobras had argued that 26 interventions in the measurement system would be necessary, which would take an estimated 18 months

Older Posts

From the Media

Apr 16, 2021 - Reuters

A former chief executive of Braskem S.A., Brazil's largest petrochemicals company, pleaded guilty on Thursday to conspiracy charges in connection with an alleged bribery scheme that U.S. prosecutors said involved Braskem's parent Odebrecht S.A. The defendant, Jose Carlos Grubisich, entered his plea before U.S. District Judge Raymond Dearie in Brooklyn, New York.

Apr 16, 2021 - Yahoo Finance

New Fortress Energy Inc. announced that it has signed a Memorandum of Understanding with a subsidiary of Norsk Hydro to supply natural gas to the Alunorte Alumina Refinery in Pará, Brazil for a term of 15 years. "We look forward to this long-term partnership and are pleased to assist Hydro with the transition of the Alunorte refinery to utilizing a cleaner and more affordable supply of energy," said Wes Edens, Chairman and CEO of New Fortress Energy. Hydro is converting the calcination process and part of the steam generation at the Alunorte Alumina Refinery from fuel oil to natural gas, which is expected to reduce emissions by approximately 20%. NFE will deliver a minimum agreed amount of natural gas to the refinery from the company’s Barcarena LNG receiving and regasification terminal located in the state of Pará.

Apr 16, 2021 - IMF Blog

Growth in Latin America and the Caribbean recovered briskly in the second half of 2020, yet still more slowly than the global economy and other emerging markets. That’s despite unprecedented policy support, strong performance of trading partners, soaring commodity prices and accommodative global financial conditions. The persistence of the health crisis in many countries casts a shadow on the near-term outlook. People and economies continue to require a short-term shot to exit from the COVID-19 crisis, while the aggravation of several underlying structural fragilities poses significant long-term challenges.

Apr 16, 2021 - NRDC.Org

In the past several years, the United States has greatly increased its exports of liquefied natural gas (LNG) to other countries. One major importer of U.S. LNG is Brazil, a country grappling with a president and administration that are antithetical to climate progress. As the U.S. engages with Brazil to rein in its emission from deforestation, it should not in parallel be facilitating higher emissions in Brazil’s energy sector. Often championed as a “bridge fuel” to move away from “dirtier” fossil fuels, LNG has been touted as “cleaner” because just the combustion phase has lower carbon dioxide emissions than coal or oil. However, when LNG’s entire lifecycle is taken into account, LNG is neither clean nor particularly low in emissions.