Zambia’s Ambassador to Brazil, Dr. Alfreda Kansembe has held bilateral talks with Brazil’s Sugar, Ethanol and Energy companies in an effort to find partners to help establish the Biofuel industry in Zambia. In the Brazilian city of Pirajuba shortly after she toured Energy Plants, Dr. Kansembe was assured by her hosts, the Usina Santo Angelo company that prospects for business with Zambia were high due to the country’s attractive investment climate. Usina Santo Angelo Company Chief Executive, Jose Luiz Balardin urged Zambia to start producing sugar cane on a massive scale due to its economic benefits. The Brazilian company plans to visit Zambia in 2020 to kick-start prospects of investing in clean energy and generate business opportunities for Zambians.

Dec 13, 2019 - Renewables Now

Brazil's Ministry of Mines and Energy has recently announced the guidelines for a new energy auction to be held on May 28, 2020. Through a decree published in this week's Official Gazette, the government confirmed that the A-4 auction will contract hydro, wind, solar and biomass power. The winner will secure power purchase agreements (PPA) with a 30-year term for hydropower, and a 20-year term for wind, solar and biomass sources. The contracts will become effective on January 1, 2024.

Dec 13, 2019 - Offshore Oil and Gas Magazine

Rystad Energy expects total upstream investments next year to decrease by around 4%, with shale set to experience a steep decline. Deepwater, however, is set to grow by more than 5%. Regionally, Africa, Russia, and South America will either experience growth or a flattening of investments. In Africa, the strongest ‘performers’ could be Mozambique, Libya and Mauritania, while Brazil, thanks to the Marlim and Mero projects, will likely push growth in South America to almost 6%. The Middle East and Australia may also attract investors keen to support new LNG projects and the redevelopment of old oil fields.

Dec 13, 2019 - Reuters

Brazilian state development bank BNDES has informed Petrobras that it is considering selling up to all of the ordinary shares it holds in the state-run oil firm via a secondary offering, according to a securities filing on Friday.In the filing, Petroleo Brasileiro SA, as the firm is formally known, said that BNDES held nearly 10% of Petrobras ordinary shares as of Nov. 30. BNDES’ intention to reduce its stake in Petrobras is widely known. However, there has been debate at BNDES as to how it will go about reducing its stake.