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

Jan 19, 2021 - S&P Global

Brazilian oil company Petrobras' average gasoline price hike of 7.93% was not expected to increase the economic advantage of the biofuel E100 over the fossil fuel, market participants said. The state-led oil company announced the increase on Jan. 18, which will be implemented on Jan. 19 on an ex-refinery basis. More than 80% of light vehicles in Brazil are flex-fuel, which means that drivers can fill their tanks with E100 or gasoline. The fossil fuel in the country has a mandatory blend of 27% anhydrous ethanol. The fuel's choice is usually economically driven and consumers will generally fill their tanks with E100 only when its price is 70% or less than the gasoline price, because of hydrous ethanol's lower energy content.

Jan 19, 2021 - Renewables Now

Siemens Gamesa Renewable Energy SA will be the turbine supplier for the 434-MW first phase of Santo Agostinho wind complex in Brazil, Engie Brasil Energia SA announced. According to the local arm of France's Engie SA , the wind project requires an investment of about R$ 2.2 billion. With commercial operation set to take place by March 2023, the wind complex's output will be sold in the Brazilian free energy market, which closed 2019 with a volume of operations of R$ 134 billion, 6% up from 2018.

Jan 19, 2021 - World Economic Forum

Henry Ford in 1925 called ethanol “the fuel of the future.” Blending ethanol with gasoline substantially reduces the carbon content of the fuel. According to the US EPA, “the life-cycle emissions reductions in comparison to gasoline are about 20% for corn-based ethanol and 60% for sugarcane-based ethanol”. Cars manufactured post-2001 can easily accept a blend of 15% ethanol “without causing exceedances of air pollution standards.” Brazil, for example, accounts for 25% of the world’s ethanol production – and instead of corn, it produces ethanol from sugarcane. Ethanol sourced from sugarcane is the “cheapest source of ethanol” in the world. Brazil has experimented with “fuel flex” cars, which can be operated on any mixture of ethanol and gasoline, up to 100% ethanol.

Jan 19, 2021 - Light Reading

Huawei may be allowed to participate in the construction of Brazil's 5G networks after all, according to local reports. The newspaper Estado de S. Paulo said financial pressures and the imminent exit of President Trump from the White House are forcing President Jair Bolsonaro to backtrack on his opposition to the China-based vendor from bidding to provide 5G network equipment. Reuters noted that, like Trump, Bolsonaro believes that Huawei shares confidential data with China'’s Communist government, despite a lack of proof. Only last month, Reuters reported that Bolsonaro's government was looking for a legal way to exclude Huawei from 5G networks in Brazil.