Browsing Tag

Upstream

BP, Petrobras Reconfirm Strategic Alliance

yolen@brasilenergia.com.br Apr 13, 2018

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

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

yolen@brasilenergia.com.br 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

yolen@brasilenergia.com.br 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…

Less Production

Redação Nov 7, 2014

Gran Tierra did not produce at full capacity in the third quarter due to technical problems at the Rlam refinery. According to the company, the refinery's problems limited its ability to take delivery of oil…

Only Three Proposals For Rigs

Redação Nov 7, 2014

According to Petrobras, the procedures for executing the rig sales are now being carried out Only three rigs – P-1, P-IV and PV – drew industry attention at an international auction for the sale of…

Kangaroo Drilling Cleared

Redação Nov 6, 2014

The Olinda Star Rig (pictured) can drill in water depths of up to 1,100 m and drills wells to depth of up 7,500 m depth Yesterday (November 5), Brazil's environmental regulator, Ibama, authorized Karoon to…

Subsea Support

Redação Nov 5, 2014

The expectation is this and another tender for hiring an RSV will be launched into water at the beginning of next year Petrobras has begun soundings to charter a specialized vessel to conduct manifold installation…

New Oil Production Record

Redação Nov 5, 2014

Pre-salt production totaled 648,000 boepd, 0.2% more than in the month of August Oil production in the country in September posted the highest ever volume, of 2.358 million bopd. The result is 1.4% above August…

Marginal Areas In 13th Round

Redação Nov 5, 2014

The Eastern Margin of Brazil that extends from the states of Rio Grande do Norte to Rio Grande do Sul The National Agency of Petroleum (ANP) has approved the inclusion of areas with marginal accumulations in the…

Formation Test In Búzios

Redação Nov 5, 2014

The ODN II (pictured) will be reponsible for the drilling; it has a vertical depth of 6,250 m in waters 2,032 m deep The ANP approved the tearing out of a formation test for special well 9-BUZ-2 -RJS in the…

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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.