Browsing Tag

Geral

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 governmentThe 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 managersThe 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 4Q14This 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 statementsMoody'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 minimumPetrobras 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…

Older Posts

From the Media

Dec 13, 2019 - Lusaka Times

Zambia’s Ambassador to Brazil, Dr. Alfreda Kansembe has held bilateral talks with Brazil’s Sugar, Ethanol and Energy companies in an effort to find partners to help establish the Biofuel industry in Zambia. In the Brazilian city of Pirajuba shortly after she toured Energy Plants, Dr. Kansembe was assured by her hosts, the Usina Santo Angelo company that prospects for business with Zambia were high due to the country’s attractive investment climate. Usina Santo Angelo Company Chief Executive, Jose Luiz Balardin urged Zambia to start producing sugar cane on a massive scale due to its economic benefits. The Brazilian company plans to visit Zambia in 2020 to kick-start prospects of investing in clean energy and generate business opportunities for Zambians.

Dec 13, 2019 - Renewables Now

Brazil's Ministry of Mines and Energy has recently announced the guidelines for a new energy auction to be held on May 28, 2020. Through a decree published in this week's Official Gazette, the government confirmed that the A-4 auction will contract hydro, wind, solar and biomass power. The winner will secure power purchase agreements (PPA) with a 30-year term for hydropower, and a 20-year term for wind, solar and biomass sources. The contracts will become effective on January 1, 2024.

Dec 13, 2019 - Offshore Oil and Gas Magazine

Rystad Energy expects total upstream investments next year to decrease by around 4%, with shale set to experience a steep decline. Deepwater, however, is set to grow by more than 5%. Regionally, Africa, Russia, and South America will either experience growth or a flattening of investments. In Africa, the strongest ‘performers’ could be Mozambique, Libya and Mauritania, while Brazil, thanks to the Marlim and Mero projects, will likely push growth in South America to almost 6%. The Middle East and Australia may also attract investors keen to support new LNG projects and the redevelopment of old oil fields.

Dec 13, 2019 - Reuters

Brazilian state development bank BNDES has informed Petrobras that it is considering selling up to all of the ordinary shares it holds in the state-run oil firm via a secondary offering, according to a securities filing on Friday.In the filing, Petroleo Brasileiro SA, as the firm is formally known, said that BNDES held nearly 10% of Petrobras ordinary shares as of Nov. 30. BNDES’ intention to reduce its stake in Petrobras is widely known. However, there has been debate at BNDES as to how it will go about reducing its stake.