Browsing Tag

investments

CORONAVIRUS: EDP Launches Public Notice To Support Covid-19 Combat

Thais Custodio Apr 2, 2020

Company will allocate US$ 250,000 to the chosen projects; registrations can be made until April 10

Eletrobras Expects To Invest US$ 6.3 B by 2024

Thais Custodio Mar 31, 2020

Business plan was prepared before the coronavirus pandemic and until May it will be reevaluated to consider the impacts of the crisis

Power

Online Funding for DG in Bahia

Lívia Neves Mar 20, 2020

Investors raised online by the Bloxs Investimentos platform will have a 2.57% stake per share and profitability

Oil & Gas

Enauta Reconsiders Plan To Enter the Pre-Salt Layer

analuisaegues Mar 13, 2020

The Brazilian oil company reduced the investment planned for 2020 by 60%

Power

United Kingdom To Invest US$ 27.9 B for Energy Transition in Brazil

Lais Carregosa Mar 12, 2020

British Embassy and MME will hold a workshop to identify opportunities for cooperation

Oil & Gas

Copergás Will Invest US$ 70 M in Five Years

Carlos Vasconcellos Mar 11, 2020

The goal is to expand the gas network by 50% and reach 10 new municipalities in Pernambuco by 2024

Power

BNB Expects To Loan US$ 860 M for Solar in 2020

Thais Custodio Mar 6, 2020

Between January and February, the bank authorized more than US$ 430 M in solar operations, surpassing the 2019 accumulated value

Power

Votorantim, Canadian Fund To Invest US$ 430 M in Wind Power in NE

Dário Silveira Mar 5, 2020

Joint venture plans to deliver 411 MW complex in 2022, with 60% of the energy sold on the open market, to a subsidiary of the group

Oil & Gas

Fitch Raises Petrobras Rating

Dário Silveira Feb 24, 2020

The change in the risk assessment reflects the improvement in the company's capital structure

Oil & Gas

Four Projects Lead Petrobras’ Investments

Claudia Siqueira Feb 21, 2020

Half the US$ 9 billion for E&P will go to new ventures

Power

Cemig Foresees Investments of US$ 458 M in 2020

Rafael Fernandes Feb 20, 2020

Most is intended for distribution; the forecast represents almost double the amount invested in 2019

Oil & Gas

Petrobras 2019 Profit Tops Three Majors

João Montenegro Feb 20, 2020

Record earnings in 2019 driven by sales of assets

Older Posts

From the Media

Apr 07, 2020 - Yahoo Finance

Petro-Victory Energy Corp. announces the discovery of oil at the 1-VID-1-ES (Vida) exploration well located in Block ES-T-487 Espírito Santo Basin, Brazil. This is the company's first exploration well in Brazil. The Vida exploration well was drilled to a Total Depth of 1,890 meters in the onshore portion of the Espírito Santo Basin, Brazil. Evaluation of logging, pressure, and fluid data confirms that Vida comprises high-quality oil-bearing Cretaceous sandstone reservoirs. The well encountered 49 meters of net oil pay, exceeding Petro-Victory's pre-drill forecast of 855,000 barrels of mean recoverable resource. Oil was successfully recovered to surface during fluid sampling from a sandstone reservoir at 1,600m and preliminary observations of the oil sample show similar qualities to a nearby oil field (24 API, low BSW).

Apr 07, 2020 - MarketScreener

Sales of motor vehicles plummeted in Brazil from a year earlier as car dealers closed up and demand shrank amid the spread of the coronavirus around the country. Sales of cars dropped to 163,600 in March, a decline of 21.8% from the same month a year earlier and down 18.6% from February of this year, according to the National Association of Motor Vehicle Manufacturers, or Anfavea. Sales of trucks reached 6,400 in March, down 15.3% from a year earlier, but up 0.4% from February. Sales in the first half of March were going well as Brazil's economy was growing, but in the second half car dealerships began to close around the country, said Anfavea President Luiz Carlos Moraes in a video posted to the group's Facebook page.

Apr 07, 2020 - Reuters

Brazilian small companies may need credit lines above 40 billion reais ($7.6 billion) to finance payrolls, depending on how long the crisis from the coronavirus lasts, the chief executive at Itau Unibanco Holding SA said on Monday. CEO Candido Bracher said the 40 billion-real credit line funded by Brazil's Treasury and the country's top-three private lenders would last only two months.

Apr 07, 2020 - Renewables Now

The director of Brazil's state-owned energy research firm EPE, Jose Mauro Ferreira Coelho, was chosen as the new petrol, natural gas and biofuel secretary of the Ministry of Mines and Energy (MME), the government announced in Monday's Official Gazette. Ferreira Coelho, who has been working at EPE's Directorate of Studies for Petroleum, Natural Gas and Biofuels since 2016, will replace Renata Isfer, who worked at MME for the last four years and participated in the creation of the ministry's main projects, including the National Biofuels Policy (RenovaBio). Until a new director takes office at EPE, Ferreira Coelho's vacant position will be temporarily occupied by Giovani Machado, the current director of Economic, Energy and Environmental Studies, who will combine the two functions, the state agency noted.