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Upstream

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

yolen@brasilenergia.com.br 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

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…

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From the Media

Jul 18, 2019 - Bloomberg

Brazilian stocks have extended their year-to-date gain to about 20% on renewed optimism that Latin America’s largest economy will finally overhaul its heavily indebted social security system. But the rally that has pushed the market to record highs still may have some juice left. The benchmark Ibovespa index may climb 11% from current levels to about 115,000 by the end of 2019, according to the average forecast of 10 strategists surveyed by Bloomberg. Their targets range from 105,000 to 123,000, implying an increase of as much as 18%. That would mark the fourth year of double-digit gains for Brazilian stocks.

Jul 18, 2019 - Rigzone

Brazil leads the global deployment of planned and announced (P&A) floating production, storage and offloading (FPSO) vessels to 2025, according to GlobalData.A total of 20 P&A FPSOs are expected to be deployed offshore the country during the time period, GlobalData pointed out, highlighting that among these, 11 have identified development plans while the rest are early stage announced that are ongoing conceptual studies and are expected to be approved.Brazil’s state-owned Petroleo Brasileiro SA (Petrobras) will operate 13 out of the 20 FPSOs, GlobalData noted. Angola is expected to rank second in P&A FPSO Deployment to 2025 with five P&A FPSOs and Nigeria is expected to be third with four P&A FPSOs.

Jul 18, 2019 - BNAmericas

All of the major international oil firms that operate in Brazil have demonstrated their intentions to develop renewable energy projects in the country despite ample oil and gas reserves. The acceleration of investments in renewable power generation is seen as a response from the oil industry to the emissions reduction goals defined in the Paris Agreement within the United Nations Framework Convention on Climate Change. “The attitude of the oil sector has changed. It has already noticed it will be an agent in the transformation that is taking place and that it's not possible to fight this new reality,” the president of the business council for sustainable development (CEBDS), Marina Grossi, said.

Jul 18, 2019 - Sauer Energy

Canadian Solar, one of the world’s largest solar power companies, has announced that it has been awarded a 51.1 MW solar photovoltaic (PV) project in the Sixth Federal Energy Auction (A-4) held in Brazil on June 28, 2019. Canadian Solar will develop and build the project located in the State of Minas Gerais. With the construction of the solar project scheduled to begin in early 2021, and the plant expected to reach commercial operation before January 2023. This project will use the company’s latest high-efficiency bifacial poly modules, capable of generating power from both sides of a module, and thus significantly boost the power output from a solar power system. Approximately 130,000 BiHiKu modules will be installed.