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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 ChinaProsafe 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 03, 2020 - Argus

A pause in Brazilian diesel import negotiations is likely to extend into April as domestic demand wanes and the market braces for a wave of shipments contracted before coronavirus-related movement restrictions were put in place. Brazil's state governments adopted more restrictive social isolation measures in mid-March, a move that signaled caution for the refined products sector. Many fuel distributors halted imports as they monitor the degree to which the outbreak will sap domestic diesel and gasoline demand. As of 1 April, 23 ships were scheduled to deliver around 1.1bn l of diesel by the end of the month, slightly higher than the 1bn l mark forecasted for March delivery, according to oil analytics firm Vortexa. There are currently no additional Brazil-bound import vessels scheduled for departure in April and May.

Apr 03, 2020 - BNamericas

Latin America’s energy sector is in the middle of a tectonic shift with wide-ranging potential consequences for the region’s economies. This was the key takeaway from an online conference organized by the Inter-American Dialogue. Experts discussed the perfect storm of health crisis and low oil prices, and possible effects on some the most exposed economies. Brazil, Colombia and especially Venezuela, for example, depend on oil revenue but calculated with prices way above current levels of US$20-30/b. The drop is a consequence of a rift between OPEC+’s two biggest producers, Russia and Saudi Arabia, pushing prices below the break-even point of promising basins such as Brazil’s pre-salt and Argentina’s Vaca Muerta, Inter-American Dialogue program director Lisa Viscidi said.

Apr 03, 2020 - Reuters

Brazil's manufacturing sector shrank in March at the fastest pace in more than three years, according to a survey of purchasing managers' activity on Wednesday, as the hit to activity from the coronavirus outbreak began to be felt. The IHS Markit Brazil manufacturing purchasing managers index (PMI) came in at 48.4, down from 52.3 the month before and signaling the first contraction in activity since last July.A reading above 50.0 marks expansion in the sector, while a reading below signifies contraction.

Apr 03, 2020 - Agencia Brasil

Brazilian President Jair Bolsonaro announced this week that the aid to workers and businesses as well as states and municipalities to tackle the new coronavirus crisis adds up to roughly 2.6 percent of the country’s gross domestic product. The president was joined by Economy Minister Paulo Guedes, who stated this aid will cost US$ 18.7 billion to public coffers and should benefit 54 million Brazilians. Other measures, the minister went on to mention, are aimed at helping businesses preserve employment.