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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

Apr 25, 2019 - Renews Biz

Iberdrola renewables earnings before interest, tax, depreciation and amortisation were up over 13% in the first quarter of 2019, compared with the same period last year. EBITDA stood at €683.6m, while revenue also grew to over €1.1bn – a 5% increase the company said. Iberdrola said the contribution of its renewables businesses in Brazil, Mexico and the UK, as well as the offshore sector – particularly the Wikinger project – were behind the increases. These contributions more than offset lower production in the US and Spain, it added.

Apr 25, 2019 - Financial Times

Roberto Castello Branco, the new chief of Brazilian oil company Petrobras, was thousands of kilometres away from his desk, at a conference in Chicago, when he faced his first crisis. It was a Friday afternoon and Jair Bolsonaro, the Brazilian president, had just announced he would cancel a scheduled increase in the price of diesel. The decision was designed to stave off a potential truckers strike. But it also sent shares in Petrobras into freefall, knocking about US$ 8bn off its market capitalisation. Investors also feared it showed that Brazil was returning to the bad old day of government intervention under a president who freely admits he knows nothing about economics. “It was a blip. We don’t want to return to this past,” said Mr Castello Branco, rebuffing claims of state intervention in his first interview since the market crash.

Apr 25, 2019 - Americas Quarterly

It’s been a lucrative and eventful month at Brazil's state-led oil firm Petrobras. The company raised nearly US$ 20 billion from two big transactions on April 5 and 9, only to see market value fluctuate wildly over concerns about its fuel pricing policy. Investors grew jittery after the government overruled Petrobras’ decision to phase out diesel subsidies, contradicting the ostensibly pro-market tendencies of the Bolsonaro administration. But despite the messy politics of the pricing controversy, observers trying to get a sense of Petrobras’ long-term direction would do well to keep their eyes on that US$ 20 billion.

Apr 25, 2019 - Mercopress

Bolivia is looking at exporting natural gas globally through liquefaction terminals to be built in Argentina, and to buy crude from its southern neighbor, Bolivian President Evo Morales said, a move that would compensate for dwindling sales of its main export to Argentina and Brazil. Morales discussed the plans with his Argentine counterpart, Mauricio Macri, in Buenos Aires, where they also touched on other proposals to widen energy integration. In a press conference, Morales said they agreed that Bolivia's state-owned energy company YPFB “will participate in investments” to build liquefaction terminals to export LNG from Argentina.