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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

Sep 30, 2020 - Argus

Brazilian biodiesel producers are vowing to meet demand for a 12pc blend in November and December, after a temporary reduction to 10pc lapses at the end of October. Total diesel demand is expected to reach 9.4 B liters (969,249 b/d) in the final two months of the year, up 3.3% from the same period of 2019, according to data compiled by biodiesel association Aprobio. Aprobio projects that biodiesel demand will reach 1.13 B over the same period under a 12% blend, which biodiesel producers say they can meet. But Aprobio added that ceiling prices for a procurement auction for the last two months of the year should reflect current feedstock prices. The association previously grumbled that biodiesel prices in the routine auctions did not adequately reflect production costs.

Sep 30, 2020 - Renewables Now

CGN Brasil Energia e Participações SA, the local branch of China's CGN Energy International Holdings Co Ltd, will add another 82.8 MW of capacity to the 195-MW Lagoa do Barro wind power complex. According to a company statement published by the National Wind Energy Association (ABEEolica), CGN will invest R$ 444 million (US$ 78.7 M) in the expansion. Construction works are set to begin in December of this year with commercial operation scheduled for December 2021. Contracted in the 2019 A-6 energy auction, the new addition will allow the wind complex to reach a production capacity of 366,000 MWh per year.

Sep 30, 2020 - EV Wind

The “strong wind” season in northeast Brazil has caused wind power production to set unprecedented production records in 2020. In the first week of August alone, the National Electric System Operator (ONS) recorded three peaks in the average power generation in the wind farm region. The most recent was on August 6, when wind turbines reached 9,049 MW on average. This capacity is enough to supply the equivalent of 94.4% of the electricity demand in the nine northeastern states, for example.

Sep 30, 2020 - Borgen Magazine

The concept of solving rural poverty with renewable energy seems odd on the surface. The issues plaguing renewable energy such as costs, efficiency and returns on investment make it virtually unsuitable for poor, rural environments. It is after all, in places like this where the opportunity for such bold initiatives hardly exists. However, in Brazil, where an abundance of renewable resources like hydropower and sugarcane (ethanol) generate electricity every day, the country is optimistic about solving one issue with the other.A typical issue facing impoverished communities, like those in Brazil, is that households have little to no access to electricity. These villages are undeveloped and off the national grid; their countryside location would make centralized electricity costly and yet these families make far less money than do typical, urban households.