Browsing Tag

Upstream

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…

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…

Older Posts

From the Media

Apr 06, 2020 - IEA

The oil world has seen many shocks over the years, but none has hit the industry with quite the ferocity we are witnessing today. As markets, companies and entire economies reel from the effects of the global crisis caused by the coronavirus pandemic, oil prices have crumbled. The impacts will be felt throughout oil’s global supply chains and ripple into other parts of the energy sector. This is an unprecedented moment for those engaged in the business of supplying oil and those who rely on the associated revenue. The IEA is concerned about the current oil market situation and the negative implications for the stability of the global economy. To find a way forward, Dr Fatih Birol, the IEA’s Executive Director, has been discussing the situation in recent days with energy ministers from the United States, Canada, Saudi Arabia, Brazil, Iraq and India as well as senior officials from other key countries.

Apr 06, 2020 - BNamericas

The board of Engie Brasil Energia gave the go-ahead to a US$240 million loan from development bank BNDES. The Brazilian subsidiary of France’s Engie will use the proceeds for phase 2 of its Campo Largo wind farm, it said in a disclosure, without specifying the length or terms of the loan. In recent weeks, companies in Brazil have faced difficulties arranging loans from banks, as the coronavirus crisis' impact on the economy has made lenders more conservative and interest rates have risen, while investors have shied away from the capital markets. As a result, the government is using BNDES to provide finance for companies in sectors considered crucial for the economy, such as energy.

Apr 06, 2020 - Argus

Sugarcane producers are trying to enlist the help of the Brazilian federal government to weather coronavirus headwinds ahead of the start of harvest season. Reductions in energy demand caused by efforts to stop the spread of the coronavirus have pummeled Brazil's ethanol market, which has seen precipitous drops in consumption and prices. Industry representatives have already started negotiating better conditions for debt financing and spearheading other relief talks, including more benefits for farmers under an expansion of Brazil's biofuels policy RenovaBio. Concerns over dwindling sugar and ethanol demand are mounting as the 2020-2021 crop season — which started on 1 April — is expected to see an increase of sugarcane output, from 582.9mn t last season to 596mn t, according to local sugar and ethanol consultancy Datagro.

Apr 06, 2020 - Reuters

Brazilian power distributors have asked the government for financial support as falling demand for electricity during the coronavirus pandemic undermines their operations and weakens their balance sheets. In a webinar on Friday, the chief executives of some of Brazil's largest distributors discussed a potential support package that could involve emergency loans, including from the national development bank BNDES, in addition to the use of Treasury financing and industry funds to support the companies during the crisis.This week, some companies have claimed force majeure on electricity contracts after a sharp reduction in demand in the wake of isolation measures adopted to combat the spread of the coronavirus.