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Temer Signs TLP Law

Redação Sep 25, 2017

President Michel Temer signed Law No. 13.483, which sets the Long Term Rate (TLP) used as a reference rate for the cost of funding and for contracts signed by Brazil's National Development Bank (BNDES), including those for the…

CORRECTION: Geochemicals Story, May 8

Redação May 11, 2017

In a story on the Brasil Energy website and Newsletter on May 8 about an ANP authorization on behalf of Geochemical Solutions, the headline (“Geochemical Solutions To Conduct More Studies of Sete Bacias”) is incorrect. The…

Equipment Export Increase

Redação Feb 26, 2015

Exports of machinery and equipment for the oil and renewable energy sectors increased by about 70% in January, compared to December 2014. The growth was driven by sales of equipment such as cast iron pipes and materials such as steel for…

Industry Rejects Nomination

Redação Feb 6, 2015

Bendine does not help restore the credibility of the oil company with the market because he is ranked with government The choice of the current president of Banco do Brasil, Aldemir Bendine, to become president of…

Changes Affect 36 Departments

Redação Feb 5, 2015

It is possible that one of the five technical directors at the oil company will emerge from the group of executive managers The resignation of the president of Petrobras, Graças Foster, and directors…

Eyes On BR Distribuidora

Redação Feb 5, 2015

The Regional Federal Prosecutor, Carlos Fernando Lima, said today (February 5) at a press conference in Curitiba, that the ninth phase of the Lava Jato operation was unleashed based on information obtained from plea bargaining (sworn…

Foster Exit Pleases Market

Redação Feb 4, 2015

On tuesday, preferred shares of Petrobras closed up 15.47% while common shares rose 14.24% on BM&FBovespa (pictured) Economist Roberto Teixeira da Costa who, in the 1970s, served as the first president of the…

US$ 3 B In Brazil

Redação Feb 4, 2015

Thanks to Cidade de Mangaratiba, Cidade de Ilhabela (pictured) FPSOs, company production reached 103,000 boepd in 4Q14 This year, BG will increase its investments in Brazil to almost US$ 3 billion, as it reduces…

Brazil Is Less Attractive

Redação Feb 3, 2015

Among Brazilian respondents, 37% said that cost management will be the main priority in 2015. Brazil fell from second to fourth place in the ranking of the best destinations for investment in oil and gas published…

Petrobras Rating Reduced

Redação Jan 30, 2015

Agency will continue monitoring the investigations and the company's progress of its audited financial statements Moody's risk classification agency has maintained Petrobras as investment grade. But the…

Little 13th Round Interest

Redação Jan 30, 2015

Graça Foster said during a conference call with analysts that the strategy is to reduce investment in exploration to a minimum Petrobras will make a cameo appearance in the 13th Round of Bids organized by…

No Growth In 2015

Redação Jan 29, 2015

Petrobras has set a target for this year to produce an average of 2.126 million barrels/day. Despite being 4.5% higher than the 2.034 million b/d average obtained in 2014, this represents a drop in the production volume figure 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.