21 Petrobras Drill Rigs Under Investigation

Former Finance Minister and Chief of Staff for ex-President Lula, Antonio Palocci, was arrested in connection with graft charges discovered in new phase of Carwash operation

O&G

Joint Auctions

In the 3Q17, the 14th Round will be held together with the 2nd round of production sharing areas


FUELS

Petrobras’ Board Approves NTS Sale for US$ 5.2 B

The amount represents 35% of the oil company’s divestment goal for 2016-2017, of US$ 15.1 billion. The 90% stake was sold to Brookfield


O&G

Topázio Worries the Market

Industry is apprehensive about the long time the transfer of operations of these areas is expected to take


O&G

Sete Brasil CEO Arrested

Luiz Eduardo Carneiro is the former president of OSX, accused of allegedly paying bribes to former Finance Minister Guido Mantega, also arrested


FUELS

BEHIND THE NEWS:

Natural Gas, Biomethane Fueled Bus. Interview with Silvio Munhoz, director of Sales - Scania do Brasil


O&G - Petrobras BP 2017-2021

Deep Cuts In Exploration

In its new business plan, Petrobras has budgeted spending for the discovery of new reserves at US$ 6.6 billion, down 42% from the previous strategy


FUELS

Independence In Pricing

CEO Pedro Parente discloses Petrobras’ business plan was not “pre-screened” by the government


O&G - Petrobras BP 2017-2012

Petrobras To Cut Investments By 25%, Emphasizes E&P

The state-run oil company’s new business strategy for 2017-2021 substantially reduces apportionments for other segments such as biofuels, LPG, fertilizers and petrochemicals


O&G

Analysts React To Business Plan

Domestic and international financial analysts, media and agencies commented about Petrobras


POWER

BEHIND THE NEWS: Only For The Strong

New reality tests wind sector investor strategies at a time when the effects of the Brazilian economic crisis reach the market


POWER

ASV Global Opens Brazil Office

The supplier of autonomous surface vehicles wants to be closer to oil firms to sign new contracts


O&G

Atlanta Begins to Take Shape

QGEP plans to launch the subsea equipment installation in the Santos Basin field in November. The first oil production is scheduled for the first half of next year


POWER

New Biogas Thermal Plant

Solvi inaugurates the largest plant of this type in Brazil, with 21 GE Modules and 30 MW capacity


O&G

Unitization Issue To Be Decided by Year’s End

The Minister of Mines and Energy, Fernando Bezerra Filho, said pre-salt unitizable regulatory issues should be solved in the upcoming months


POWER

BEHIND THE NEWS - Part 1:

Exclusive interview with Brasil Energy, Luiz Augusto Barroso, the new head of the EPE


POWER

Celg Auction in November

MME schedules the competition; CPFL, Iberdrola, Equatorial and Enel have accessed the data room


O&G

New E&P Disinvestment In Final Stretch

Petrobras expects to close another big asset sale, to bring in more than US$ 1 B to its coffers: the sale of the Baúna, Tartaruga and Golfinho fields is being disputed by Karoon and PetroAtlântico


POWER

Celg Price Reduced by US$ 300 M

The government disclosed a new minimum price for privatization of the Goiás electricity distributor


O&G

ANP OK’s Statoil’s Transfer of Operations in BM-C-33

The agency approved the transfer of the Campos’ contract operation from Repsol Sinopec to the Norwegian oil company, which will now operate the Pão de Açúcar, Seat and Gávea discoveries


FUELS

Fitch: Gas Distributors to Grow

The agency believes low penetration of the segment in Brazil should boost short-term growth


O&G

Petrobras' Production Up 1.1% in August

The company averaged over 2.2 M barrels per day in August, taking 2016 production closer to its goal. The Campos Basin reported lower results for the third consecutive month


O&G

Kogas to Set Up LNG Terminal

The South Korean firm will build a US$ 600 M fixed unit in Pécém Port in the State of Ceará; production capacity is expected to reach 12 million m³/day


O&G

Pre-Salt Output Up 3.8%

Last month Petrobras produced 1.1 M bpd due to increased production of FPSOs in the Lula field


O&G

ANP Analyzes Waiver for Libra FPSO

The agency’s technicians are assessing the Petrobras-led consortium’s call for a revision of the local content percentages for the production system


O&G

Statoil Carcará Farm-In OK’d

The Cade antirust agency approved the purchase of Petrobras' share of the asset without restrictions


FUELS

Petrobras NTS Sale Concluded for US$ 5.2 B

A group of investors led by Brookfield Asset Management will buy the oil company’s natural gas carrier subsidiary, responsible for a 2,727-km pipeline network


O&G

ALE's Huge Crane in Brazil

The UK-based company is assessing the largest land-based crane ahead of an FPSO integration job


O&G

Auctions Return to Santos

Govt., ANP may offer three sectors in the basin at the 14th Bid Round, scheduled for next year


O&G - BEHIND THE NEWS PART 1

Oil Exploratory Calendar in the Works

The new Ministry of Mines and Energy O&G secretary, Márcio Félix Bezerra, says he's betting on making the sector more attractive again


POWER

Engie Will Supply Rio’s LRT

The French firm will supply renewable energy for the 28-km Light Rail Transit operator up to 2020


O&G

Cidade De Mangaratiba Leads

In July, the FPSO was the nation’s largest producer, with 186,400 boepd, an increase of 8%


O&G

Domestic Oil Production Up for 4th Straight Month

July sets another record production, totaling 2.581 M bopd, up 0.9% over the previous month. The Santos Basin was responsible for the result, offsetting the declines in Campos and other basins


O&G

Oil Exports Up 10% in August

Brazil exported 4 million tons of oil in the month, worth US$ 1.1 B, down 6% Y-o-Y


O&G

Waiver For FPSOs?

After two attempts, the Libra Consortium is preparing a request for new bids for the FPSO charters for the area without setting a national content percentage


Brazil WindPower 2016

New Technologies In Brazil

GE will increase the capacity of wind turbines and taller towers with exclusive technology


O&G - BEHIND THE NEWS:

Rio 2016 Energizes the Market

The Olympic Games have proven to be a robust arena for new energy deals. Companies who bet on the Games to strengthen their brands or deepen business relations now look to reap rewards


O&G

CGG’s to Survey in Santos

Seismic company intends to acquire up to 14 km² of 3D non exclusive data in the basin


POWER

30 Projects Negotiated At Reserve Energy Auction

The first exclusive competition for small and medium-sized hydro plants sold 180 MW of installed capacity at an average price of US$ 70/MWh


O&G

In The Final Stretch

Karoon and PetroAtlântico will deliver their proposals for the Baúna, Golfinho and Tartaruga fields next week


FUELS

New Natural Gas Policy Defined

Ministry of Mines and Energy says result derives from a consensus among government, associations and the business community


O&G

Vermelho Platforms Halted

Three Campos Basin production units were suspended by Petrobras due to an oil leak


O&G - Petrobras BP 2017-2021

Two Years of Austerity

Pedro Parente says domestic spending restraints are necessary to guarantee the oil expansion curve and allow the company to come back from ashes


O&G

Subsea Integration Ahead

Solutions developed by large players are on Petrobras’ radar screen, focusing on efficiency


O&G - Petrobras BP 2017-2012

Oil Company To Stop Leasing Two Thermal Plants

Petrobras wants to give the Piratininga and Fernando Gasparian plants back to the state of São Paulo as part of its divestment plan. The company will also sell its biofuels subsidiary


O&G

Tubarão Azul is Relinquished

OGpar will begin to contract services for deactivation and abandonment of the Campos field


O&G

Offshore Shipping Industry In Checkmate

Dispersal policy hinders approximation between shipyards and suppliers, according to Onip. The current model difficults the creation of clusters


POWER

GE Bets On SHPs

Eyeing the next auction, company creates a group to upgrade its turbine and generator portfolios


FUELS

Talks for Another LNG Terminal

Country’s 5th regasification project development is under discussion, part of the Copel expansion plan in Paraná to generate power with thermal plants in the region


FUELS

Rnest Processing Up Again

As demand for oil products drops, Petrobras’ refinery in Pernambuco sets new records


O&G

Chariot Seeks Brazil Drilling Partner

British firm’s CEO confirmed intentions. Also, seismic research informs that reservoirs in the company’s areas could extend to neighboring blocks


POWER

BEHIND THE NEWS - Part 2:

Exclusive interview with Brasil Energy, Luiz Augusto Barroso, the new head of the EPE


POWER

Ibama Embargoes Thermal Plant

The agency also slapped a US$ 23 M fine on the Eletrobras 796 MW Candiota coal complex


NEWS, O&G

Lula Accused For First Time in Carwash Investigation

Federal prosecutors say former president received undue advantages. The charges, not yet accepted for formal indictment, are related to a Petrobras kickback scandal


O&G

CBO Leads Bidding

The Brazilian shipping company presented the lowest price for the chartering of an OSRV


POWER

Eletrobras Distributors Involved in Concession Program

The federal government’s new To Grow Project aims to attract foreign investors and includes fuel terminals in Pará and some six power utilities; also included are ports, airports and roadways


FUELS

Brazil’s First Solar-Fueled Bus

In three months, the vehicle will begin circulating daily over a 50-km route in the city of Florianópolis


O&G

OPEC Ups Brazil Production Forecast for 2017

The organization expects extraction of 3.4 million boepd and continues to believe the country will be the main contributor to next year’s non-OPEC growth in production


O&G - BEHIND THE NEWS:

Platforms: The Boom Is Over

Chartered production platforms will arrive with off-the-shelf engineering, reducing the value of the integration agreements in the country


O&G

P-75 SRU Package Ready

Fjords Processing’s sulphate removal and injection seawater treatment units have been delivered


O&G

Keppel Singmarine Shipyard to Shut Down

This will be the first in the state of Santa Catarina to close its doors in this new chapter of the crisis in the Brazilian shipbuilding industry


POWER

Generation Up 1.4% in July

Power plants delivered 59,127 MWa with a 71.5% increase in wind generation, according to the CCEE


O&G

Statoil: Changes in Brazil’s Oil Laws Are Key to Investment

CEO meets Pres. Temer in Brasília, lobbies for end of Petrobras’ mandatory participation in pre-salt blocks as way of boosting foreign confidence in the country’s O&G sector


POWER

A-3 Auction Cancelled

MME has decided to cancel the bidding scheduled for this semester, due to an energy surplus


POWER

Wind Production Assurances

To get new supply and O&M contracts, companies are willing to guarantee power generation


O&G - BEHIND THE NEWS PART 2

Working Toward a Competitive 14th Bid Round

Bezerra says the world’s changing and the government will study how to make Brazil’s tough local content regulations more palatable


O&G

Thirteen Marginal Fields

CNPE has confirmed the fields for inclusion in the next marginal accumulations auction in December


POWER

Purchase Completed

State Grid finalizes the purchase of Camargo Corrêa’s 23% share in CPFL for US$ 1.8 B


Brazil WindPower 2016

Wind Market Wants Dollar Contracts

The wind energy sector wants to see incentives for external funding to structure their projects. The idea is to escape the high cost of foreign exchange rate hedging operations


O&G

Two More Contracts Canceled

Petrobras makes additional cuts to its rigs portfolio: Petroserv NS Carolina and Diamond’s Ocean Valor


Brazil WindPower 2016

Wind Reaches 10 GW in Brazil

Abeeólica celebrated the milestone at the opening of Brazil WindPower 2016, but the association expressed concerns about funding for new projects, the availability of transmission and new auctions


Brazil WindPower 2016

Wanted: "Quality Investors"

EPE will hold meetings with domestic, international investors interested in the electricity sector


O&G

39 Well Connections In First Half

According to Petrobras, the new offshore producing and injection hook-ups will help it reach the production target expected for the year, which is 2.145 million boepd