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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 23, 2019 - Stratfor

The Brazilian government is planning to privatize state-owned energy company Petrobras before the end of President Jair Bolsonaro's term in 2022, according to an Aug. 21 report by Valor Economico, citing anonymous sources. Why It Matters: If successful, the privatization could pave the way for a further liberalization of Brazil's energy industry after Brasilia previously sought to limit the company's public influence and monopoly over the country's upstream sector. Background: Bolsonaro broached the potential privatization of Petrobras during his election campaign in 2018. The proposal, however, would require congressional approval, and it remains unclear whether legislators would support the plan as it remains highly controversial.

Aug 23, 2019 - Kallanish Energy

Brazil’s chief minister of the house Onyx Lorenzoni said the government will perform studies to assess the privatization of state-owned energy firm Petrobras, Brazilian newspaper O Globo reported. The goals are to raise funds for the federal government and to foster a more competitive fuel market in order to lower the fuel price. However, the government is proceeding with caution as the Ministry of Mines and Energy is against the idea, Kallanish Energy learns. Petrobras will undergo examinations from the Ministry, federal public company Bndes and public infrastructure body Investment Partnerships Program (PPI).

Aug 23, 2019 - Bloomberg

Brazil is readying a plan to accelerate the sale of state-controlled assets as well as partnerships with private companies, as part of President Jair Bolsonaro’s push to shrink the public sector and spark investments. The federal government will put state development bank BNDES in charge of organizing and paying for feasibility studies, which are mandatory for asset sales and auctions and are crucial for their success.Brazil expects to raise US$ 323 billion over the next several years through auctions of licenses to operate infrastructure including airports, oil wells, and ports, and also through the privatization of state-owned companies such as the postal service and the mint.

Aug 23, 2019 - Steel Guru

World's largest manufacturer of lithium batteries and 100% electric vehicles BYD has now installed 1 GWp solar panels in Brazil. BYD a global leader in new energies is immensely proud to have contributed significantly to the south American country reaching the overall mark of 3 GWp installed, according to projections of the Brazilian Association of Photovoltaic Solar Energy and data from Aneel. In 2017, BYD opened its second Brazilian factory in the city of Campinas, exclusively to produce PV solar panels. Two years earlier, BYD also set up an electric bus production line in Campinas, and also began selling electric vehicles and forklifts.