Browsing Tag

Downstream

Petrobras Refineries: 25% Excess Capacity

João Montenegro Nov 27, 2018

Brasil Energy has mapped the government-owned refineries, whose privatizations should soon be discussed by the new administration

Oil & Gas

Petrobras Saves US$ 66 M with Enhanced Offload Management

analuisaegues Nov 8, 2018

An algorithm helps optimize planning, helping operational efficiencies and team integration

Oil & Gas

Engineering Company Created with US$ 7.5 M in Orders

João Montenegro Apr 23, 2018

U.S. group MSHS acquires PP Engenharia aiming at Petrobras services on platforms, in refineries and thermals

Oil & Gas

BP, Petrobras Reconfirm Strategic Alliance

yolen@brasilenergia.com.br Apr 13, 2018

The two oil companies officialized the E&P cooperation agreement agreed to last year

Rnest Opening Delayed

Redação Nov 6, 2014

The contracts have created an imbalance in the refinery's accounts, with damages estimated at US$ 143 MM Brazil's Federal Court of Audit (TCU) has recommended the suspension of federal spending for…

Refineries Processing Down 3.7%

Redação Nov 6, 2014

The biggest drop occurred at Reduc (pictured), whose daily oil processing in September was down 25% compared to August Petrobras refineries processed 61.77 million barrels of oil in September, an average of…

Itaboraí-Guapimirim Gas Pipeline

Redação Oct 31, 2014

The pipeline will interconnect the UPGNs of the Comperj to the Guapimirim delivery station, which is connected to Gasduc III. Petrobras has contracted the capacity to transport natural gas through the…

ANP Approves Tanks For Rnest

Redação Oct 27, 2014

The ANP has authorized the pre-operation of three tanks for ballasting oil for the start of the first refining train at the Abreu e Lima Refinery (Rnest), in Pernambuco state. The tanks TQ-61007, TQ-61009 and TQ-61010…

104 MM M³/day Gas Consumed

Redação Oct 23, 2014

The average for the year is 99.2, up from 89.6 MM m³/day observed throughout 2013 Consumption of natural gas in August stood at 104.82 million cubic meters per day, the highest amount recorded this…

Premium I: Proposals In December

Redação Oct 15, 2014

The winner of the bid, in addition to designing and building the facility, will be responsible for process water Petrobras has scheduled December 10 as the date for submission of bids for construction and…

300 Km Pipeline

Redação Sep 26, 2014

The distribution gas pipeline will be run approximately 300 km and is 10 inches in diameter. Bahiagás on Thursday (September 25) initiated the bidding process for construction of what can be considered the largest…

UTC Compresses Natural Gas

Redação Sep 24, 2014

The UTC received authorization to operate a natural gas compression unit for well 3-AURI-23- RN, in the Periquito field in the Potiguar Basin. The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP)'s decision was…

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From the Media

Apr 25, 2019 - Renews Biz

Iberdrola renewables earnings before interest, tax, depreciation and amortisation were up over 13% in the first quarter of 2019, compared with the same period last year. EBITDA stood at €683.6m, while revenue also grew to over €1.1bn – a 5% increase the company said. Iberdrola said the contribution of its renewables businesses in Brazil, Mexico and the UK, as well as the offshore sector – particularly the Wikinger project – were behind the increases. These contributions more than offset lower production in the US and Spain, it added.

Apr 25, 2019 - Financial Times

Roberto Castello Branco, the new chief of Brazilian oil company Petrobras, was thousands of kilometres away from his desk, at a conference in Chicago, when he faced his first crisis. It was a Friday afternoon and Jair Bolsonaro, the Brazilian president, had just announced he would cancel a scheduled increase in the price of diesel. The decision was designed to stave off a potential truckers strike. But it also sent shares in Petrobras into freefall, knocking about US$ 8bn off its market capitalisation. Investors also feared it showed that Brazil was returning to the bad old day of government intervention under a president who freely admits he knows nothing about economics. “It was a blip. We don’t want to return to this past,” said Mr Castello Branco, rebuffing claims of state intervention in his first interview since the market crash.

Apr 25, 2019 - Americas Quarterly

It’s been a lucrative and eventful month at Brazil's state-led oil firm Petrobras. The company raised nearly US$ 20 billion from two big transactions on April 5 and 9, only to see market value fluctuate wildly over concerns about its fuel pricing policy. Investors grew jittery after the government overruled Petrobras’ decision to phase out diesel subsidies, contradicting the ostensibly pro-market tendencies of the Bolsonaro administration. But despite the messy politics of the pricing controversy, observers trying to get a sense of Petrobras’ long-term direction would do well to keep their eyes on that US$ 20 billion.

Apr 25, 2019 - Mercopress

Bolivia is looking at exporting natural gas globally through liquefaction terminals to be built in Argentina, and to buy crude from its southern neighbor, Bolivian President Evo Morales said, a move that would compensate for dwindling sales of its main export to Argentina and Brazil. Morales discussed the plans with his Argentine counterpart, Mauricio Macri, in Buenos Aires, where they also touched on other proposals to widen energy integration. In a press conference, Morales said they agreed that Bolivia's state-owned energy company YPFB “will participate in investments” to build liquefaction terminals to export LNG from Argentina.