Browsing Tag

Upstream

Oil & Gas

US$ 415 B in Investment for E&P over the next ten years

Claudia Siqueira Jan 11, 2021

The Minister of Mines and Energy revealed the forecast at the inauguration ceremony for the new director general of ANP

Oil & Gas

Shell Defines Upstream Strategy

analuisaegues Oct 30, 2020

Brazil is listed as one of the nine regions where the oil major intends to operate in the upstream

Oil & Gas

Petrobras: Homework Done

analuisaegues Jul 24, 2020

With a resilient upstream, Petrobras has gone through a critical period without a major surprise

Oil & Gas

PETROBRAS 1Q20 FINANCIALS: US$ 8.3 B Loss

João Montenegro May 15, 2020

The company wrote-off assets totaling US$ 13.4 B, leading to a non-recurring accounting impairment

Oil & Gas

Petrobras Production: Up almost 10%

Dário Silveira Oct 21, 2019

Oil company reported quarterly results of its upstream and downstream activities

Oil & Gas

Oil Reserves Rise Again In Brazil

João Montenegro Jul 4, 2019

The country now ranks 15th in the world, ending the year with 13.435 billion barrels

Oil & Gas

Petrobras Saves US$ 66 M with Enhanced Offload Management

analuisaegues Nov 8, 2018

An algorithm helps optimize planning, helping operational efficiencies and team integration

Oil & Gas

BP, Petrobras Reconfirm Strategic Alliance

[email protected] Apr 13, 2018

The two oil companies officialized the E&P cooperation agreement agreed to last year

Oil & Gas

GlobalData: Brazil 2018-2020 Upstream Capex = US$ 18.2 B/Year

[email protected] Feb 9, 2018

Brasil Energy Newsroom An average capex of US$ 18.2 billion per year is forecast to be spent on 382 oil and gas fields in Brazil between 2018 and 2020, according to GlobalData, a leading data and analytics company. The consultants…

Oil & Gas

GlobalData Energy: Brazil’s Upstream Capex To Be US$ 54 B by 2020

[email protected] Jan 11, 2018

Brasil Energy Newsroom Research and consulting firm GlobalData said in a report it expects that an average capex of US$ 18.2 billion per year will be spent on 382 oil and gas fields in Brazil between 2018 and 2020. Capital expenditure…

Domestic Content At A Low Ebb

Redação Nov 7, 2014

Petrobras said the commitment to local content with the Brazilian federal government will not be compromised A survey conducted by a Brazilian equipment supplier indicates that 13 FPSOs with operations scheduled to begin…

Retroactive Waivers Denied

Redação Nov 7, 2014

In all, there were 37 cases, submitted between 2012 and 2014, for which waiver requests were submitted The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) has signaled that it will not…

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From the Media

Apr 16, 2021 - Reuters

A former chief executive of Braskem S.A., Brazil's largest petrochemicals company, pleaded guilty on Thursday to conspiracy charges in connection with an alleged bribery scheme that U.S. prosecutors said involved Braskem's parent Odebrecht S.A. The defendant, Jose Carlos Grubisich, entered his plea before U.S. District Judge Raymond Dearie in Brooklyn, New York.

Apr 16, 2021 - Yahoo Finance

New Fortress Energy Inc. announced that it has signed a Memorandum of Understanding with a subsidiary of Norsk Hydro to supply natural gas to the Alunorte Alumina Refinery in Pará, Brazil for a term of 15 years. "We look forward to this long-term partnership and are pleased to assist Hydro with the transition of the Alunorte refinery to utilizing a cleaner and more affordable supply of energy," said Wes Edens, Chairman and CEO of New Fortress Energy. Hydro is converting the calcination process and part of the steam generation at the Alunorte Alumina Refinery from fuel oil to natural gas, which is expected to reduce emissions by approximately 20%. NFE will deliver a minimum agreed amount of natural gas to the refinery from the company’s Barcarena LNG receiving and regasification terminal located in the state of Pará.

Apr 16, 2021 - IMF Blog

Growth in Latin America and the Caribbean recovered briskly in the second half of 2020, yet still more slowly than the global economy and other emerging markets. That’s despite unprecedented policy support, strong performance of trading partners, soaring commodity prices and accommodative global financial conditions. The persistence of the health crisis in many countries casts a shadow on the near-term outlook. People and economies continue to require a short-term shot to exit from the COVID-19 crisis, while the aggravation of several underlying structural fragilities poses significant long-term challenges.

Apr 16, 2021 - NRDC.Org

In the past several years, the United States has greatly increased its exports of liquefied natural gas (LNG) to other countries. One major importer of U.S. LNG is Brazil, a country grappling with a president and administration that are antithetical to climate progress. As the U.S. engages with Brazil to rein in its emission from deforestation, it should not in parallel be facilitating higher emissions in Brazil’s energy sector. Often championed as a “bridge fuel” to move away from “dirtier” fossil fuels, LNG has been touted as “cleaner” because just the combustion phase has lower carbon dioxide emissions than coal or oil. However, when LNG’s entire lifecycle is taken into account, LNG is neither clean nor particularly low in emissions.