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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 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…

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From the Media

Jan 27, 2020 - The Associated Press India and Brazil agreed Saturday to boost trade and investment across a range of fields such as defense, mining, biofuel, cybersecurity, food, the environment and health. India’s Prime Minister Narendra Modi lauded Brazil as “a valuable partner” as he and visiting President Jair Bolsonaro witnessed the signing of 15 agreements by their officials in the Indian capital.The main items Brazil exports to India are petroleum products, mainly crude oil, cane sugar, copper ore, soy oil and gold.

India and Brazil agreed Saturday to boost trade and investment across a range of fields such as defense, mining, biofuel, cybersecurity, food, the environment and health. India’s Prime Minister Narendra Modi lauded Brazil as “a valuable partner” as he and visiting President Jair Bolsonaro witnessed the signing of 15 agreements by their officials in the Indian capital.The main items Brazil exports to India are petroleum products, mainly crude oil, cane sugar, copper ore, soy oil and gold.

Jan 27, 2020 - Hindustan Times

Brazil Agriculture Minister Tereza Cristina Corrêa da Costa Dias analysis: Cooperation in the area of ethanol production is certainly a topic of much interest to all, and I see a great opportunity for partnership between India and Brazil. Brazil has developed a wide and successful biofuels program, which uses crops as raw materials for the generation of clean and renewable energy. Brazil and India have been growing sugarcane for centuries, and both countries recognise the major socio-economic importance of this crop. However, with regard to ethanol, there is a great disparity between us: While Brazil is the world’s second biggest producer, with over 30 billion litres per annum, India produced only 1.5 billion litres in 2018.

Jan 27, 2020 - Renewables Now

Brazil's EDP Solucoes em Energia has received the installation licence for a R$ 10-million (US$ 2.4m) biomass project to be built at a Heineken NV factory in Rio Grande do Sul state. With the licence granted by the State Environmental Protection Agency (Fepam), the subsidiary of EDP Brasil can break ground on the project. The project concerns a steam biomass plant at Heineken's Igrejinha municipality unit. With the new facility, the brewery intends to shift to a fully renewable energy matrix, making the production process more sustainable, the local government pointed out.

Jan 27, 2020 - Lexology

The Brazilian government raised approximately US$ 14.8 billion in 2019 and is looking to raise an additional US$ 36 billion through privatizations in 2020. According to Salim Mattar, Special Secretary of Privatization, Divestments, and Markets at Brazil’s Ministry of Economy, the federal government is planning to dispose over 300 assets using an accelerated approval process. The Brazilian government intends to grant concessions or sell equity stakes in a wide range of sectors, including oil and gas, airports, roads and railroads, terminal ports, mining, sanitation, postal services, and financial institutions, among others.