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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

Feb 19, 2019 - Renewables Now

The Brazilian Minister of Mines and Energy, Bento Albuquerque, announced the construction licenses for 1,572 MW of green projects secured during the August 31, 2018 energy auction have been signed.In all, the government has so far approved the construction of 53 projects, which represent BRL 6.8 billion (USD 1.8bn/EUR 1.6bn) of investments and more than 8,000 direct jobs. Of the okayed projects, 44 correspond to wind power generation, seven are hydropower generation schemes, one uses natural gas and one uses biomass, the ministry said.

Feb 19, 2019 - Rigzone

After years of budget cuts, oil and gas companies are finally stepping up their exploration game. That’s according to Rystad Energy, which said improved market conditions and lower well costs have led exploration and production players to “ramp up” their 2019 exploration activities in all parts of the world.“Renewed optimism in exploration activities is anticipated in 2019, with operators from various segments aiming for multiple high-impact campaigns – both onshore and offshore – in essentially all corners of the world,” Rystad Energy Senior Analyst, Rohit Patel, said in a company statement….Peroba, a pre-salt prospect in Brazil’s Santos basin, is estimated to hold in-place volumes of more than five billion barrels of oil equivalent (boe).

Feb 19, 2019 - Bloomberg

Quick to Reject Maduro, Brazil Now Treads Softly on Venezuela. Brazil benefits from cheap electricity from Venezuela. The country’s northernmost state, Roraima, is supplied by cheap hydroelectricity from Venezuela’s Guri dam. While Brazil has the thermoelectric capacity to supply Roraima, it comes at much higher cost -- an additional 684 million reais ($183 million) per year, according to the country’s electric energy agency.

Feb 18, 2019 - Agencia Brasil – EBC

Brazil, the US, and Mexico stand out as the world’s leaders in production of wind energy in the Americas, as per figures recently released by the Global Wind Energy Council, GWEC. Altogether, North, Central, and South Americas account for a fourth of the world’s total installed capacity of this type of energy in 2018. The total installed capacity of wind energy in the Americas now totals 135 GW—up 12 percent from 2017, according to GWEC. The demand for this type of energy in the region is expected to continue, and the organization predicts another 60 GW in new wind capacities from 2019 to 2023.