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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

Aug 13, 2018 - Bloomberg

Three hours of heated, fragmented debate between Brazil’s presidential candidates failed to provide voters with much detail on how to put Latin America’s largest economy back on track. Eight of the 13 contenders for Brazil’s presidency traded barbs last week over corruption, crime and the dire state of the economy, with the country’s stubbornly high levels of unemployment returning again and again as the dominant theme of the night. None of the candidates, however, addressed the topics in much depth and viewing figures were low. "We are in a very preliminary stage," said Rafael Cortez, a political analyst at Tendencias Consultoria. "There was no winner because no one was able to lure new supporters."

Aug 13, 2018 - Reuters

An auction to sell four subsidiaries of Brazil's state-controlled power company Eletrobras scheduled to take place on Aug. 30 could be postponed, a source closely following the sale process told Reuters on Friday. The source, who asked not to be named because he did not want to discuss the issue publicly, said a postponement could happen if Brazil's Senate fails to approve in time a bill considered crucial to attracting investors for the auction, in which Eletrobras will try to sell four of its regional power distribution companies.

Aug 13, 2018 - Bloomberg

The future isn’t in oil -- at least for traders trying to predict moves in currencies of the bigger energy exporters. Crude has decoupled versus the currencies of Russia, Brazil and Canada, with internal market dynamics pushing them in different directions, according to research from Societe Generale SA, The ruble, real and Canadian dollar have bigger problems right now than a fairly stagnant crude price.

Aug 13, 2018 - EnergyWorld

Brazil cut its greenhouse gas emissions from deforestation in 2017 to levels below its internationally agreed 2020 climate change targets, the country's Environment Ministry said. Brazil reduced its emission from deforestation in the Amazon rainforest by 610 million tonnes of carbon dioxide (CO2), compared to its 2020 target of 564 million tonnes. In the Cerrado savanna, emissions were reduced 170 million tonnes of carbon dioxide versus a target of 104 million tonnes. The Amazon, the world's largest tropical rainforest, and the Cerrado, South America's biggest savanna, soak up vast amounts of carbon dioxide and their preservation is seen as vital to the fight against climate change.