Full Throttle for Subsea Campaigns

Saipem has started the second equipment installation phase in the Lula field. Meanwhile, in the Equatorial Margin, Santos and Campos work is concentrated on installation, environmental review and drilling projects

O&G

Maersk And Ensco Vying For Total Contract

After three years, the French oil company is ready to hire a drillship for a campaign in the Foz do Amazonas Basin


POWER

How Tecsis Wants To Grow In Exports

Brazilian wind turbine blade manufacturer seeks new customers with restructuring and diversification of suppliers, eyeing other international markets


O&G

New Pre-Salt Auction Still This Year

Ministry of Mines and Energy officially confirms that the federal government intends to bring forward the third auction of pre-salt layer to between November and December


O&G

Technip, FMC Technologies Complete Merger

The new company will have almost US$ 2 B in active direct contracts with Petrobras


O&G

Extended Term for Libra and Sépia FPSO Bids

New extension of the deadline for submission of proposals to the areas’ definitive productive systems makes compliance even tighter for the projects


O&G

Statoil Assumes Operation of Two Perenco Blocks

Norwegian company took over Sinochem’s and OGX’s stakes in the concessions and will now have 12 blocks in the Espírito Santo Basin


POWER

2016: Highest Growth in Installed Capacity In Brazil

Last year 9,526 MW went into operation, more than half from hydroelectric plants and 27% from wind power farms


O&G

Libra FPSO Is Not Feasible Without Waiver

Petrobras’ E&P director, Solange Guedes, claims exemption of local content is vital to the viability of the first permanent production unit of the area


O&G

Petrobras Production Record in 2016

Santos pre-salt guarantees growth in the year that the Campos Basin returned to the level of 2004. The Lula field now corresponds to 25% of the 2.144 million bopd produced in the country


Electricity Sector 2017 Outlook:

Solar Industrial Policy, Nationalization and Updating Standards

Industry association pursues policies to ensure demand grows to make the industry attractive: deliveries of new projects are only assured until the end of 2017. Part 5 of a series of articles on the outlook for the Brazilian electricity sector


Electricity Sector 2017 Outlook:

Renewables In Search of Demand

The overall context is not good, making the Renewable Energy industry in Brazil kick off the year with at least one common goal: to guarantee new generation contracts. Part 3 of a series of articles on the outlook for the Brazilian electricity sector


Electricity Sector Outlook 2017:

Thermoelectric Plants In Search of Stability

Expectations for a share of this market have risen for natural gas, while coal-fired power plants need to know what the political decision will be. Part 1 of a series of articles on the outlook for the Brazilian electricity sector


O&G

Petrobras Has US$ 42 B In Assets For Divestment

Company's CFO says that this volume of assets will make it possible to meet the US$ 21 B asset sale target for the 2017/18 period


O&G

Individualization Of Libra Production Moves Ahead

The Libra Consortium and the PPSA signed the first preliminary agreement for unitization of production sharing and filed it with the ANP


O&G

Campos Production At Lowest Level in 10 Years

The basin registered an average of 1.48 million bopd produced, with large systems registering losses in 2016


POWER

Eletrosul In Talks with Shanghai Electric

The Chinese company made an offer to acquire part of the Eletrobras subsidiary’s power transmission projects, evaluated at US$ 1 B


O&G

Notifications of Oil and Gas Traces: Lowest Level Since 1998

Brazil had only six offshore wells with new evidence in 2016, a drop of 74% compared to the last year


O&G

2017: O&G Planting and Harvesting

What is already in sight? Three auctions, the results of Petrobras' divestment program and recovery, the drilling of at least 402 wells, the acquisition of 14,200 m² of 3D seismic and 3,000 km of 2D data and more


O&G

Total Starts Drilling Mobilization at Foz do Amazonas

The company is waiting for the completion of Ibama’s environmental licensing process before initiating operations in the basin


O&G

Seabed Geosolutions Offers Lowest Búzios Seismic Price

Bidding for 3D survey with nodes campaign should be concluded in April. Brasil Energy has learned the price was slightly under US$ 100 M


POWER

Enel Receives US$ 91 M from BNDES

Funding is part of the long-term line for the 102 MW Apiacás hydro complex, inaugurated at the end of last year


POWER

Migration to Free Market 25x Greater in 2016

In 2016, 2,303 customers exchanged the regulated for the free market, of which 91% were special category consumers


O&G

Annual Oil Trade Balance: First Surplus In History at US$ 410 M

The Ministry of Industry, Foreign Trade and Services released the figures today. The main reason was the recession, with imports falling more sharply than exports


O&G

Safe Notos Floatel Starts Operating for Petrobras

Prosafe’s unit was chartered by the oil company for three years and seven months


FUELS

Downstream Sales Dominate Petrobras Divestments

Operations involving five assets totaled US$ 7.2 B, accounting for more than 50% of the total achieved by the company’s 2015/16 divestment plan. Sold for US$ 5.2 B, the NTS natural gas carrier was the most valuable operation


O&G

MARKET INTELLIGENCE: No New Offshore Fields in 2016

The only two statements of commercial feasibility this year were from onshore areas


O&G, POWER, FUELS

Petrobras Fails to Meet Its Goal In Asset Sales

Company hoped to sell US$ 15.1 B, but managed to reach US$ 13.6 B; claims it did not reach its goal due to the Court of Sergipe decision


O&G

SPECIAL 2017 OUTLOOK REPORT: Limited O&G Demand in Brazil

Reduction of expenses and postponement of projects leave little scope to increase the contracting of goods and services by domestic vendors to the sector in the next year


O&G

Petrobras Slashes R&D

In the E&P area, investments have fallen from 50% of total contributions in 2014 to 25% last year


O&G

Petrobras Supplier Blockage Completes Two Years

With 29 companies blocked and 55 others suspended, the blacklist deriving from the Carwash investigations changed little in 2016


O&G

EXCLUSIVE: The E&P Investment Map for 2017

A survey conducted by the ANP at the request of Brasil Energy shows the E&P schedule for the oil companies operating in Brazil. The prediction is that more wells will be drilled and 15,000 km² of 3D seismic data will be collected


FUELS

More Structure and Less Concentration for LPG

MARKET INTELLIGENCE: Petrobras' divestment plan exposes the sector to challenges ranging from supply reduction to depletion of the logistics infrastructure


POWER

Thermal Plant Maintenance To Cost Petrobras Over US$ 251 M

According to the 2017 budget, company will see an increase of almost 20% in expenditures


O&G

Petrobras Budget Foresees US$ 19 B for E&P in 2017

In comparison with this year's budget, E&P increased 22%. A fifth of the company’s total investment forecast of around US$ 30 billion is for pre-salt fields: US$ 6 billion


POWER

Microgeneration Hookups To Reach 20,000 Systems in 2017

Expectation of the Distributed Generation Association is well below Aneel’s projections


O&G

Petrobras Reformulates Divestment System

Company seeks to adjust sales procedures to determinations of the Federal Audit Court in the shortest possible time in order not to undermine the goals foreseen in its business plan


POWER

A Reserve Decontracting Auction Under Study

According to the EPE, some 1.5 GWa are associated with projects that are behind schedule that should enter into operation


O&G

Frade Field Contract Renewed for 17 Years

Chevron is the first private oil company to renew a concession with the ANP. Among the requirements, new investments pointing to a new development horizon six years after oil leaks occurred in its Campos Basin asset


O&G

The End of the Hull Factory Era

Ecovix’s judicial recovery marks the closure of the project that tried to set up Brazil in the FPSO hull construction business


FUELS

Brazil Confirmed as World’s 2nd Producer of Ethanol, Hydropower and Biodiesel

U.S. NREL releases 2015 renewable energy data book highlighting top countries with installed renewable energy source capacity. Brazil, U.S. account for 85% of ethanol worldwide production


O&G

Appeal Request for Búzios Seismic Tender

SAExploration disagrees with its exclusion from the bidding for the 3D campaign with nodes contract; the dispute will delay the results until next year


POWER

Itaipu Dam Establishes Best Generation Result — Ever

The hydro plant produced 98.6 million MWh and will knock off Three Gorges of China as the world’s top generating project. The year’s good water levels contributed to the milestone


O&G

Tender Published for 4th Marginal Areas Bid Round

The Recôncavo Basin Itaparica field will require the largest rehabilitation program, estimated to cost US$ 874,000


FUELS

Braskem Starts US Plant Operation

Nwe ultra-high molecular weight polyethylene unit in Texas is designed to improve exports to North America and Europe


O&G

Statoil Returns To The Market For Peregrino

Company issues new contracting for phase II of the Campos field, including part of the SURF and the construction of the module jacket of the third unit to be installed in the project


O&G

50 Exploration Contracts Terminated In 2016

Most are in blocks from 2013's 11th Bid Round returned two years after contracting


O&G

Petrobras, Cowan Pull Out of Paraná Basin Fracking Areas

Companies return to the ANP agency the concession of seven exploratory blocks in the face of insurmountable legal issues


POWER

Micro-Generation Quadrupled in 2016

After the first year of regulation, shared generation totaled over 7,500 units, with 72 MW of installed capacity


FUELS

Comperj NGPU Should Draw Interest of Consortiums

O&G market sources told Brasil Energy to believe associations between companies will help mitigate the project’s risks


FUELS

Biodiesel and Ethanol Production Drops in 2016

From January to October, production of the biofuels fell 3.4% and 3%, respectively, in comparison with the previous year


O&G

Government To Auction 10 Blocks Surrounding the Pre-Salt

In the 14th Bid Round, 291 blocks distributed in nine basins will be auctioned, of which 180 are onshore and 111 offshore, with 76 in shallow waters. See the list with all offshore blocks


Electricity Sector 2017 Outlook:

Distributed Generation: Training, Funding and Cutting Red Tape

Micro-generation wants to grow, train qualified personnel and complement market demand for power, to reach 20,000 installed systems in 2017 — up from 7,000 last year. Part 6 of a series of articles on the outlook for the Brazilian electricity sector


Electricity Sector 2017 Outlook:

Wind Power Demand, Transmission and Financing

The contracting of at least 2 GW of wind power per year is crucial to attract investments and offer assurance throughout entire production chain, says an industry agent. Part 4 of a series of articles on the outlook for the Brazilian electricity sector


Electricity Sector Outlook 2017:

The Free Market Expects Expansion

Important advances are expected for the year, with power consumers trending towards the contracting environment, trying to escape the high rates. Part 2 of a series of articles on the outlook for the Brazilian electricity sector


POWER

Wind Generation Up 53.4% in 2016

Power source delivered 3,667 MWa from January to November, corresponding to 6% of all the country’s generation


O&G

Demand for New Wells Fell Sharply In 2016

In all, 241 wells were drilled in the country, a third of the number recorded in 2015; difference is due to the reduction of onshore activity


POWER

Piauí, Ceará Seek To Explore over 4 GW Wind Potential

State governments meet to discuss the use of wind power in the Serra da Ibiapaba, a mountain region bordering the states


FUELS

BNDES Changes Nat Gas and Biofuel Policy

The development bank concluded a review of operational policy, focusing on the social impacts of projects and not the sectors as a whole


POWER

Nuclear Plants Set Production Record in 2016

The Angra 1 and Angra 2 power plants ended last year generating a total of 15.9 million MWh


POWER

Abiogás Takes Suggestions To MME RenovaBio Program

The biogas industry association sees an opportunity to define issues such as injecting fuel into the gas pipeline distribution network, a fund for industry projects and tax reclassification


O&G

IBP To Sue State of Rio for Cutting Repetro Benefits

The institute will hire a law firm to fight the ending of the special customs regime created by the federal government in the state


POWER

Santo Antônio Mega Hydro Plant at Full Operation

Nearly nine years after the start of construction and an expense of US$ 6.2 B, all of the 3,750-MW plant’s 50 turbines are now online


O&G

BW: US$ 140 M Loss From FPSO Cidade de São Mateus

There is still no forecast for the unit return to Brazil; the platform sustained an explosion two years ago leaving nine dead


O&G

Petrobras, Employees Mediation Begins in February

Superior Labor Court denied request for urgency by the oil company to process the case during the judicial recess


POWER

Itaipu Dam Ends 2016 As World Beater

The big binational hydro plant closed year having generated 103.1 million MWh, after surpassing its previous mark from 2014. Itaipu now is the undisputed record holder of all time


POWER

Renova Reportedly To Sell Wind Farm For Up To US$ 213 M

AES Brasil is in talks to purchase the 386 MW Alto Sertão II plant, in the state of Bahia


O&G

Domestic Oil Production Falls 0.6% In November

Brazil produced 2.609 million bopd, the second consecutive decline since the record output registered in September. However, it registered record-breaking natural gas extraction, of 111.1 million m³/d


POWER

Vestas Announces Two Substantial Wind Turbine Orders

The Danish manufacturer will supply Ventos da Bahia and Cabeço Vermelho I and II wind farms


O&G, POWER, FUELS

"Leaving Preconceptions and Ideology Aside"

In his message to employees, Décio Oddone, the new director-general of the ANP shows understanding of industry concerns


POWER

BEHIND THE NEWS: Chinese Company Studies Angra 3 Work

President of Eletronuclear has met with CNNC representatives in China to sign an MoU to lay the groundwork for a possible participation in the construction of the nuclear power plant


POWER

Isa Buys Stake In Taesa

Colombian group buys 42% of Brazil’s Cemig power transmission subsidiary for US$ 324 million


O&G

QGEP To Take Premier's Stake in Foz Do Amazonas

After relinquishing the FZA-M-90 block, the British oil company will leave the basin, keeping assets only in Ceará


FUELS

Petrobras’ Pasadena Refinery Faces Clean Air Lawsuit

U.S. environmental groups allege the the 99-year-old refinery in Texas emitted 227 million kg of illegal pollution. According to them, analysis of Pasadena's own reports showed ongoing series of equipment failures and malfunctions


POWER

Power Matrix Grows 7% in One Year

Brazilian plants’ installed capacity totals 148,555 MW in October 2016, according the Ministry of Mines and Energy. Hydro plants accounted for 69.1% of the total MWa generated


O&G

Petrobras Seeks Dive Support Alternative

Company considers using adapted PSVs to perform functions of specialized vessels, such as the SDSV


O&G - Petrobras, Total Accord

The US$ 2.2 B Deal Makes International Headlines

The companies pre-salt agreement was reported and talked about around the world today, demonstrating the importance of Brazil’s O&G opportunities to foreign players


POWER

Cancelled Auction Won’t Derail Brazilian PV Progress

Canadian Solar believes country will run the cancelled wind-solar auction in the first half of 2017


O&G

Total Obtains Extension of Foz Do Amazonas Exploration Period

The company will have another two years to drill nine wells in its five blocks in the basin. Overall, the ANP is analyzing 18 requests for extension of the exploratory terms for blocks acquired in 2013


FUELS

Naturas Gas Demand Jumps 30% Y-o-Y in The Residential Market

In October, total demand in the country reached 65.07 million m³/day of gas, according to the industry association


O&G

Petrobras Loses Appeal In Court To Allow the Sale of its Assets

Injunctions preventing the sales to Karoon were maintained for the Baúna and Tartaruga Verde fields, as well as for the asset selloff projects of onshore fields, Topázio Project and the shallow water Ártico Project package


O&G

Lapa Field Starts Production

Six months inoperative, the FPSO Cidade de Caraguatatuba has extracted its first oil in the Santos Basin pre-salt field


O&G

BEHIND THE NEWS: Petrobras Initiates Retreat from The Campos Basin

The company is adjusting its asset portfolio in the basin and reducing exposure to development projects in the region. Oil firm has begun withdrawing from Xerelete and Xerelete Sul fields


POWER

2017 Auction To Offer 7,400 Km of Lines

Aneel holds a public hearing on the tender for new transmission lines in 2017; planned investments total US$ 3.8 B


POWER

Brazil’s Future Solar, Wind Credibility Shaken

BEHIND THE NEWS: The cancellation of the reserve energy auction is worrisome because it signals uncertainty to international investors, in addition to threatening local production chains