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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

Dec 14, 2018 - Reuters

Brazil’s epic “Car Wash” corruption investigation has taken down presidents and elite businessmen, and led to the largest corporate leniency deal ever signed. But graft allegations lodged by prosecutors last week against four of the world’s largest oil trading companies - Vitol SA, Trafigura, Glencore PLC and Mercuria Energy Group - have opened an explosive new phase in the long-running probe. Federal prosecutors allege the European multinationals and some smaller players collectively paid at least US$ 31 million in bribes over a six-year period to employees at Brazil’s state-led oil company Petrobras to sell them oil at sweetheart prices. They said the firms’ top brass had “total and unequivocal” knowledge that they were fleecing Petrobras and that the illicit activity may still be ongoing.

Dec 14, 2018 - Renewables Now

Brazil's power sector regulator Aneel approved on Tuesday the final two green projects with a combined capacity of 49 MW from the A-6 energy auction held on August 31, 2018. The approved schemes include the 29-MW Bela Vista small hydropower plant (SHP) and the 20-MW Rio Vermelho 3 biomass facility. Bela Vista is owned by a consortium formed by Copel Geracao e Transmissao SA, a subsidiary of Brazilian power utility Copel (BVMF:CPLE6), and local energy firm Foz do Chopim Energetica Ltda. The biomass project was secured by Glencane Bioenergia SA.

Dec 14, 2018 - Energyworld

France's EDF faces delay in Brazil hydroelectric dam over clearing trees. A consortium led by Electricite de France SA is ready to fill the reservoir of a hydroelectric dam built in Brazil's soy belt, but could be delayed by a year over removal of trees from the area to be flooded, the company and state officials said. Prosecutors are asking Mato Grosso's state environmental agency to deny the 402 megawatt HPP Sinop dam an operating license until all the vegetation is cleared, which could add US$ 103 million) to its R$ 2.9 billion price tag. If the trees are not removed, environmentalists say, the wood will rot in the water and create methane gas emissions that will contribute to global warming and pollute downstream waters.

Dec 14, 2018 - Dialogo Chino

Mired in a profound and lengthy economic crisis, the state of Rio Grande do Sul, which holds 90% of Brazil’s coal reserves, has opted to expand mining and create a coal gasification center. The initiative would enable the government, billions of dollars in debt, to create thousands of jobs but also risks locking-in into high-carbon energy infrastructure. As the state set out to find foreign investors for the project, it found China. “We know that China as a whole has been investing in the area of energy,” says Susana Kakuta, Rio Grande do Sul state secretary of mines and energy. “China uses technologies that are already well-established worldwide, so it is a big win-win, for them and for Brazil, especially for Rio Grande do Sul, in a new opportunity for coal from our state.”