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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

Jan 19, 2021 - S&P Global

Brazilian oil company Petrobras' average gasoline price hike of 7.93% was not expected to increase the economic advantage of the biofuel E100 over the fossil fuel, market participants said. The state-led oil company announced the increase on Jan. 18, which will be implemented on Jan. 19 on an ex-refinery basis. More than 80% of light vehicles in Brazil are flex-fuel, which means that drivers can fill their tanks with E100 or gasoline. The fossil fuel in the country has a mandatory blend of 27% anhydrous ethanol. The fuel's choice is usually economically driven and consumers will generally fill their tanks with E100 only when its price is 70% or less than the gasoline price, because of hydrous ethanol's lower energy content.

Jan 19, 2021 - Renewables Now

Siemens Gamesa Renewable Energy SA will be the turbine supplier for the 434-MW first phase of Santo Agostinho wind complex in Brazil, Engie Brasil Energia SA announced. According to the local arm of France's Engie SA , the wind project requires an investment of about R$ 2.2 billion. With commercial operation set to take place by March 2023, the wind complex's output will be sold in the Brazilian free energy market, which closed 2019 with a volume of operations of R$ 134 billion, 6% up from 2018.

Jan 19, 2021 - World Economic Forum

Henry Ford in 1925 called ethanol “the fuel of the future.” Blending ethanol with gasoline substantially reduces the carbon content of the fuel. According to the US EPA, “the life-cycle emissions reductions in comparison to gasoline are about 20% for corn-based ethanol and 60% for sugarcane-based ethanol”. Cars manufactured post-2001 can easily accept a blend of 15% ethanol “without causing exceedances of air pollution standards.” Brazil, for example, accounts for 25% of the world’s ethanol production – and instead of corn, it produces ethanol from sugarcane. Ethanol sourced from sugarcane is the “cheapest source of ethanol” in the world. Brazil has experimented with “fuel flex” cars, which can be operated on any mixture of ethanol and gasoline, up to 100% ethanol.

Jan 19, 2021 - Light Reading

Huawei may be allowed to participate in the construction of Brazil's 5G networks after all, according to local reports. The newspaper Estado de S. Paulo said financial pressures and the imminent exit of President Trump from the White House are forcing President Jair Bolsonaro to backtrack on his opposition to the China-based vendor from bidding to provide 5G network equipment. Reuters noted that, like Trump, Bolsonaro believes that Huawei shares confidential data with China'’s Communist government, despite a lack of proof. Only last month, Reuters reported that Bolsonaro's government was looking for a legal way to exclude Huawei from 5G networks in Brazil.