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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

Jul 03, 2020 - LNG Industry

Golar Power has entered into a strategic alliance with Galileo Technologies. The agreement was signed on 2 July in Sao Paulo and will leverage Golar Power’s natural gas distribution project, without pipelines, in the interior of Brazil. The project will also tap into new biomethane sources. Galileo will support the venture by providing its Gas 3.0™ Solutions suite: gas conditioning, distributed LNG production, LNG filling stations, and regasification plants. With this initiative, Golar Power intends to increase the share of local LNG in its supply and accelerate energy transition towards a cleaner energy chain with a lower carbon footprint in Brazil: switching from diesel fuel, liquefied petroleum gas (LPG), or heavy fuel oil (HFO) to natural gas.

Jul 03, 2020 - BNamericas

Some of the changes being studied by Brazil’s energy ministry to enhance the attractiveness of the second attempt to auction off the transfer-of-rights for the Sépia and Atapu blocks in the Santos basin next year include establishing in advance the compensation to be paid to state-run oil company Petrobras for investments made in the areas and sharing geological data with potential bidders. Energy minister Bento Albuquerque said Thursday the ministry will start holding meetings with firms interested in participating in the new auction after October to discuss information regarding the blocks and other improvements. The areas are part of the transfer-of-rights surplus volumes and were first put out to auction last November but did not garner interest from investors.

Jul 03, 2020 - Reuters

Brazilian state-run power firm Eletrobras could raise more than 14 billion reais (US$ 2.64 billion) with a share offering planned by the government that would reduce its stake in the company to 49%, Chief Executive Wilson Ferreira Jr. said on Thursday. Brazil's government currently owns 63% of Eletrobras, including indirect stakes held by Brazilian development bank BNDES and its equity arm BNDESPar. But President Jair Bolsonaro's administration plans to privatize Eletrobras through a primary share offering, which would reduce state ownership and take the company's control from the government.

Jul 03, 2020 - Bloomberg

For investors in Brazilian stocks, making even in 2020 may be a long shot. With the Ibovespa index ending the first half down 18%, strategists see limited room for gains in coming months. On average, they predict the benchmark will finish the year at 100,000, a Bloomberg survey showed. While that represents a 5% advance from where it stood at the end of June, it’d be the smallest gain for any July-December period in five years. Moreover, it means the market would be still stuck with a loss for the year. The rally that started in March and lifted the Ibovespa 50% is expected to lose some steam. While the central bank has cut interest rates to record lows and locals continued to flock to equities in search of better returns, foreigners remain wary.