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BEHIND THE NEWS: Why Coelho Filho Decided To Continue as Brazil’s Minister of Mines and Energy

Redação May 24, 2017

The Minister of Mines and Energy, Fernando Coelho Filho, decided to remain in Michel Temer’s administration, even after the PSB, his political party, decided to withdraw from the coalition and demand the resignation of the…

BRAZIL’S POLITICAL CRISIS: International press roundup

Redação May 22, 2017

THE ASSOCIATED PRESS: Brazilians around the country staged demonstrations Sunday calling for their president to step down after the supreme court opened an investigation into allegations he endorsed the payment of hush money to a jailed…

INTERNATIONAL PRESS ROUNDUP: Brazilian political crisis

Redação May 19, 2017

The swirling, tumultuous events of this week involving Pres. Temer and prominent lawmakers in corruption charges that are threatening the downfall of his government have been widely and prominently covered in the mainstream international…

14th Bid Round To Be Stricter

Redação Oct 17, 2016

The selection of the offshore areas under study for the National Petroleum Agency’s (ANP) 14th Bid Round scheduled for 2017 is stricter than that offered in the previous round, avoiding areas in the new frontier – offshore…

ANP Analyzes Waiver for Libra FPSO

Redação Sep 9, 2016

Experts from the National Petroleum Agency (ANP) have already begun working on a request by the Libra consortium for a waiver of the local content requirements for the FPSO for the field being put out to tender. The vessel will be…

PetroRio To Drill Two New Wells In Polvo

Redação Aug 12, 2016

PetroRio expects to drill up to two new wells in the Polvo field in the Campos Basin. The information was disclosed by Renato Jerusalmi, the oil company’s finance department manager during a conference call with investors today…

Operation License Requested

Redação Jun 2, 2016

Petrobras has requested an Operating License (OL) for the FPSO Cidade de Caraguatatuba. The vessel will be responsible for production in the Lapa field in the Santos Basin pre-salt area, with start-up scheduled for the second half of…

Cidade de Ilhabela Hits Capacity Peak

Redação May 5, 2016

The FSPO Cidade de Ilhabela, installed in the northern part of the Sapinhoá field in the Santos Basin pre-salt, reached peak capacity production in April, helping the area to hit an average production of 270,000 boepd. The…

Petrobras Charters Prosafe Flotel

Redação Aug 14, 2015

TheFloatel Safe Euros being buit in China Prosafe signed a US$ 164 million contract with Petrobras for a three-year charter of the Safe Eurus flotel, classified by the oil company as Maintenance and Security Unit (UMS). The…

From Water To Wind

Redação Dec 8, 2014

The country with enormously powerful hydroelectric power plants such as Itaipu (14,000 MW) and Tucuruí (8,370 MW) is now facing a totally unforeseen enemy: lack of water. After months of drought, the levels in the reservoirs worry…

Hotlines

Redação Dec 8, 2014

Ibama Ok’s FPSO Ilhabela Brazil’s environmental regulator, Ibama, has issued an operations license to Petrobras for the FPSO Cidade de Ilhabela, which has been cleared to begin production immediately in the Sapinhoá…

Hotlines

Redação Dec 8, 2014

The Most Productive Wind Farms With capacity factors ranging from 67% to 81%, in September the ten most productive wind farms were all located in Ceará state. The highest factor was recorded for Tractebel’s Trairí…

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From the Media

Apr 23, 2018 - Alterenergymag

For the first time in history, the production cost of renewables is lower than that of fossil fuels, Kaiserwetter, a leader in renewable energy asset management, can today reveal. Fossil fuels presented costs between US$ 49 and US$ 174 per MWh in the G20 countries during 2017, while renewable energy projects were between US$ 35 and US$ 54. The latest photovoltaic energy auctions in Dubai, Mexico, Chile, Abu Dhabi or Saudi Arabia, and onshore wind energy in Brazil, Canada, India or Morocco in 2017 suggests that the standard cost of energy can be reduced to US$ 30 per MWh from 2018. However, onshore wind energy has already achieved similar costs in projects across Brazil, Canada, Germany, India, Mexico and Morocco, already reaching US$ 30 MWh.

Apr 23, 2018 - Reuters

Brazil’s power company Neoenergia on Friday raised its takeover bid for power distribution company Eletropaulo Metropolitana SA) from 25.51 reais to 29.40 reais per share, according to a securities filing. Neoenergia, which is controlled by Spanish company Iberdrola, is competing with Italy’s Enel) for a controlling stake in Eletropaulo, Brazil’s largest power distribution firm. Enel had raised its offer on April 19 to 28 reais per share plus a cash injection of 1.5 billion reais to be made after the acquisition.

Apr 23, 2018 - Bloomberg

Mario Abdo Benitez, a former senator from the ruling Colorado Party, won Sunday’s presidential election in Paraguay, in a surprisingly narrow victory over the opposition candidate. Abdo Benitez, 46, whose father was the secretary of long-ruling dictator Alfredo Stroessner, had 46.4 percent of the vote, with almost 100 percent of voting stations counted, according to preliminary results from the electoral court. Former public works minister Efrain Alegre trailed with 42.7% of votes.

Apr 23, 2018 - Oilprice

After being caught up in major corruption scandals and suffering from what some have claimed was its worst economic downturn in 100-years, Brazil has pulled itself back from the brink. The economy commenced growing again in 2017 with gross domestic product (GDP) expanding by 1 percent and 2018 GDP growth forecast by the International Monetary Fund (IMF) to be 2.3%. One of the key drivers of Brazil’s improving economic outlook are Brasilia’s plans to launch what could become the biggest oil boom in Latin American history. You see, Brazil possesses what is rated as being among the top offshore oil assets globally, the massive pre-salt oil fields located in the Atlantic Ocean on the Latin nation’s continental shelf.