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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

Jun 26, 2019 - Oil&Gas360º

Alvopetro Energy Ltd.'s vision is to become a leading independent upstream and midstream operator in Brazil. Our strategy is to unlock the on-shore natural gas potential in the state of Bahia in Brazil, building off the development of our Caburé natural gas field and the construction of strategic midstream infrastructure.

Jun 26, 2019 - China Daily

China General Nuclear Power Corp, one of the country's largest nuclear power companies, has signed an agreement with Italian energy giant Enel for a 100 percent equity purchase of its Gamma new energy project in Brazil, a sign that CGN is entering the clean energy market in South America. The Gamma project, located in the northeastern part of Brazil, has a total installed capacity of 540MW, including two solar energy projects totaling 450MW and one 90MW wind power project, said the company. With another clean energy project to be agreed soon, which the company has not revealed the details of so far, CGN is expected to become the fifth-largest clean energy power generator in Brazil, it said.

Jun 26, 2019 - SP Global

Brazil's output of refined-oil products tumbled year on year in May as weak growth in Latin America's largest economy continued to undermine demand, National Petroleum Agency data showed Monday. Refineries produced 55.5 million barrels of diesel, gasoline and other products in May, a 4.9% downturn from 58.4 million barrels in May 2018, according to the agency, known as ANP. That was the second-consecutive monthly decline in the year-on-year comparison. May's refined-product output, however, advanced 4.9% from 52.9 million barrels in April, the ANP said.

Jun 26, 2019 - BNAmericas

Bolivia, which for over a decade sought to industrialize its natural gas, is pushing to become a regional player in up to eight countries. Along with supplying domestic industry and long-term contracts with Brazil and Argentina, Bolivia aims in the short term to become a natural gas provider to Peru, Paraguay and Uruguay, deputy energy minister Carlos Quispe told BNamericas. State company YPFB, which has an office in Brazil, plans to open an office this year in Peru, where it is bidding for the southern Andean distribution concession known as seven regions, according to Quispe. YPFB operates a regasification plant in Desaguadero on the Peruvian border.