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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 governmentThe 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 managersThe 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 4Q14This 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 statementsMoody'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 minimumPetrobras 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

Oct 15, 2019 - The Associated Press

Brazil’s northeastern state of Bahia is declaring a state of emergency after several of its beaches were contaminated by oil sludge. Brazil’s environmental agency reported Sunday that some 20 beaches in the state popular with tourists had been polluted by oil leaking from an unknown source since the beginning of September.The mysterious oil has polluted at least 150 beaches in nine different states. Brazil’s environment minister has said the oil is very likely of Venezuela origin – a claim denied by Caracas – but authorities are still trying to determine the source of the leak.

Oct 15, 2019 - Seeking Alpha

Andrew Hecht - I look at the current price of shares of Petroleo Brasileiro SA as a parlay bet on both the price of crude oil and the level of the Brazilian real versus the US dollar. The price of crude oil is close to its technical support level. At the same time, the Brazilian real is trading at not far above its multiyear low. Buying PBR shares at the US$ 14 level is a parlay bet in the current environment. However, an investor or trader does not necessarily need to get both sides right. A rebound in the energy commodity or sharp recovery in the value of the Brazilian currency could send the price of the shares appreciably higher over the coming weeks and months. Both could have an explosive effect on the price of PBR shares.

Oct 15, 2019 - Sputnik

Russia's Rosatom discusses with Brazil a project of a floating low-power nuclear power plant (NPP) for shelf extraction of commercial minerals, Evgeny Pakermanov, the head of Rusatom Overseas (part of Rosatom), told Sputnik. "We are conducting quite intense negotiations with Brazil on the possibility to apply the floating NPP technology," Pakermanov said. "This is especially interesting for the Brazilian side in terms of energy supply of major shelf projects for minerals production," Pakermanov explained. Russia and Brazil signed a nuclear cooperation agreement in 1994, and in 2017 Rosatom signed a memorandum of understanding with Brazil's Eletrobras and Eletronuclear to strengthen cooperation.

Oct 15, 2019 - Ethanol Producer Magazine

Miguel Ivan Lacerda Oliveira, director of biofuels for the Brazil Ministry of Mines and Energy, said during the Global Ethanol Summit in Washington, D.C., that the future of transportation is electric vehicles, but ethanol will still have a role as a transportation fuel. “The future is electric,” Oliveira said. “There’s no denying electric cars are going to grow up. But I think biofuels could play a major role in electrification of the transportation sector.” One of the ways ethanol can play a role in an increasingly electric transportation sector is through the use of flex fuel hybrid vehicles. He said Toyota recently released a vehicle in Brazil that runs on ethanol. “It’s an electric car that runs on ethanol.”