Replicating the Model

New integrated gas and energy generation projects seek to duplicate Eneva's standard for the Parnaíba Basin. Gas monetization through thermal generation is impaired by the uncertainty of the selling price in auctions

O&G

Odebrecht, Teekay Baptize FPSO Pioneiro de Libra

First production unit for the area should leave Singapore between the end of February and the beginning of March


O&G

October Domestic Oil Output Falls 1.8 % Over Previous Month

Brazil produced 2.624 million bopd and 3.306 million boepd. The decline was due to scheduled platform maintenance shutdowns, primarily the FPSO Cidade de Angra dos Reis in the Lula field, currently the country’s largest


O&G

FPSO Cidade de Itaguaí Tops Production

The production unit installed in the Lula field produced an average of 186,924 boepd in October


POWER

Enel Picks Up Celg-D In Auction Without Competition

Italian company was the only bidder, at US$ 645 M, representing a 28.03% premium over the minimum set by the gov't. CEO says the group’s expansion in Brazil does not stop with this acquisition


O&G

Contingency Services In The Port of Açu

Albriggs signed an agreement with Brasil Port for environmental emergency response services


O&G

"An Act That Will Benefit All Brazil"

Pres. Temer signs a law exonerating Petrobras as sole pre-salt operator; the measure was eagerly awaited by the world O&G industry and should stimulate foreign investments


POWER

Neoenergia Sells Assets

ContourGlobal buys seven SHPs and four thermal cogeneration plants totaling 209 MW for US$ 209 M


O&G

Government Will Extend Repetro For 20 Years

Pres. Michel Temer to announce the renewal of the special customs regime that facilitates O&G import and export of goods in next few days; local content rates are expected to fall


POWER

Another Proposal For Celg-D

MME version differs from market rumors that only a single group is interested in the Goiás utility auction


O&G

‘We Need To Go Back And We Will'

Solange Guedes, Petrobras E&P Director says the company wants to rebuild its exploratory activity and intends to fight for areas up for offer in the next ANP bid rounds


O&G

Petrobras: More than US$ 60 B in Legal Disputes

Among the main causes are lawsuits filed by the Brazilian federal tax authority and the ANP


O&G

Halliburton To Develop Wells In Libra

The company won the contract with Petrobras. The services contract is for the construction of up to nine exploratory wells, of which five are firm


O&G

Rosneft Brasil Gears Up for the Solimões Basin

Company signs a deal with QGOG, Schlumberger for an onshore drill rig and associated services


FUELS

Shell and Cosan Transform Raízen into ‘A Permanent JV’

The Anglo-Dutch company and the big Brazilian sugarcane producer reaffirm the commitment to their Brazil sugar, ethanol and fuels distribution businesses


O&G

Sinaval Goes To Court Against Libra and Sépia Waiver

Shipbuilding industry union alleges the market was not consulted to justify local content exemption request for FPSOs


O&G

Baúna and Tartaruga Verde Sale Under Siege

Petrobras appeals decision from court of Sergipe state that has temporarily suspended the sale of the Santos and Campos Basin fields from the state-run company to Karoon due to a union request


POWER

BEHIND THE NEWS: Seeking a Balance for Local Content

New policy that the Ministries of Mines and Energy and Development are trying to ratify by December derives from the premise that domestic vendors must not constrain the development of the entire oil sector


POWER

CEO: Eletrobras Better in 2018

Wilson Ferreira Jr. believes the financial restructuring will help solve the serious debt problem


FUELS

Fuel Consumption Down 8.8%

In October, the country consumed 11.4 billion liters, the smallest volume for the month since 2011


POWER

Brazil Solar Supply Chain Under Formation

MARKET INTELLIGENCE REPORT: Companies are preparing to carve out space in the market to offer the various services demanded by the budding solar industry


FUELS

Liquigás Sale To Close Only at End of 2017

The antitrust agency Cade will probably place restrictions on the deal, since it concentrates the LPG market


FUELS

Liquigás Sold To Ultrapar For US$ 820 M

Petrobras Board of Directors approved the sale of the firm to Ultragaz, owned by Ultrapar. The state-run company's subsidiary operates in LPG bottling, distribution and sales


POWER

Over 6,000 Micro-Generation Hookups

The October data already represent growth of 232% compared to 2015; 98% of projects are solar


O&G

OPEC and Brazil:"A Diplomatic Channel Has Emerged"

In this exclusive interview with Brasil Energy, MME O&G secretary Márcio Félix Bezerra, comments about the recent OPEC meeting where the international oil cartel proposed that Brazil join the body's production freeze agreement


O&G

PetroRio, Rosneft Deal

The Brazilian oil firm should sell two rigs and stakes in two Solimões contracts to the Russian company


O&G

Petrobras Domestic Production Fell 2% in October

The company produced 2,810,000 boepd and 2,190,000 bopd. The decline was caused by the maintenance shutdowns of the FPSOs Cidade de Anchieta, Capixaba and Cidade de Angra dos Reis


O&G

Petrobras Investment in E&P Falls 35%

Even so, the area received US$ 2.9 B in 3Q16, more than 80% of the total budgeted for the period


O&G

Petrobras’ Investments in the Year Amount to US$ 10.5 B

The figure is 31% lower than in the first nine months of 2015. Despite the reduction, oil and natural gas production remained stable, with the E&P segment accounting for 87% of the resources


O&G

Pre-Salt Raises Domestic-Processed Oil Share

Increase of nine percentage points in one year contributes to improving Petrobras' trade balance


O&G

Petrobras Reports US$ 4.9 B Loss in 3Q16

The company's earnings were impacted by asset impairments, especially E&P. Furthermore, there were write offs associated with investments in subsidiaries


O&G

1st Libra Well Completion Done

The operation in the Santos Basin giant pre-salt area was conducted by the West Carina drill rig


O&G

Petrobras, YPFB to Invest US$ 1.2 B in Bolivian Nat Gas Fields

The deal is for the exploration of two areas with natural gas reserves of more than 13.4 million m³/day. According to the Bolivian government, the contract is valid for 40 years


FUELS

Petrobras Reduces Fuel Prices

Diesel was lowered by 10.4% and gasoline dropped 3.1%. The combined fall is 12.1% since October


O&G

New Oil Traces in Libra

The Santos Basin pre-salt 3-BRSA-1343-RJS well reported finding petroleum for the first time


O&G

Lula Is the Most Productive Oil Field in Brazil’s History

In September, the Santos Basin area produced 639,700 bopd. Total domestic oil production was up 2.4% from the previous month to 2.671million bopd, reflecting the increase in the pre-salt output


O&G

ANP Authorizes Rota 3 Offshore Segment

The Petrobras pipeline will link the Santos transfer of rights natural gas production to the Comperj refinery


O&G

Petrobras to Publish Comperj NGPU Rebid This Month

One year after the project was halted, the company is preparing to publish a new tender for the unit that will process 21 million m³/d of natural gas at the refinery in Rio de Janeiro state


POWER

Brazilian Startup Wins Award

Delfos won the EDP Open Innovation top prize with a system for predicting wind generator failures


POWER

Itaipu May Reach 100 Million MWh in 2016

Hydroelectric plant accumulated generation up to November was 94.3 million MWh, making it possible for a record high by the year’s end


POWER

Fitch Raises Eletrobras’ IDRs Outlook To Stable

The international ratings agency cited increasing support of the government through significant capital injections, loan guarantees and the company’s new management efforts to improve cash flow


POWER

Aneel Suggests 6 GW Gas-Thermal Auction in Northeast

Reive Barros believes measure would help stabilize intermittent generation, recover reservoir levels


O&G

Petrobras Contracts Umbilicals for Pre-Salt Santos

The tenders foresee the acquisition of over 200 km for the Lula Sul; Búzios 1 and 3; Búzios 2 and Atapu fields. Suppliers believe the oil company will soon procure more lines


POWER

First 2017 Transmission Auction Moved To April

Aneel understands it is "desirable" that part of Abengoa's assets be part of this tender


O&G

Fairfield Leads Bidding on Libra Seismic Survey

Company has the low bid so far for the 3D campaign with nodes in the Northwest portion of the block. The consortium has begun negotiations to propose discounts in the price


POWER

GPG Buys Solar Power Plants

Gas Fenosa’s subsidiary announced the acquisition of the Sobral I and Sertão I plants from Gransolar


O&G

Petrobras: Libra, Sépia FPSOs with Same L.C. of Latest Units

Latest platforms installed in the Santos Basin pre-salt had skids, modules and integration made in Brazil. If the strategy is maintained, the Libra units will contain 69% average local content


O&G

Petrobras Seeks Port Operators

Firm is promoting two bids to contract operating services for 12 mooring berths for support vessels


POWER

Casa dos Ventos Has 700 MW Available For Upcoming Auction

EXCLUSIVE INTERVIEW: Lucas Araripe, the New Business director of the wind power company reveals it is still deciding how to participate in December 19th’s event


O&G

Another Seismic Survey in Marlim Sul

Petrobras will conduct a campaign in the Campos Basin field from 2018 to 2020


POWER

Rio Grande do Sul to Privatize CEEE, Sulgás and CRM

The state’s fiscal crisis may force the sale or federalization the power company, the natural gas distribution company and the coal mining company


O&G

OGpar Opens Data-Room for Atlanta

Three companies that are not active in Brazil have already shown interest in the Santos Basin field


O&G

Greater Proximity Between Private Oil Firms, Suppliers

The MME is advocating that E&P companies should present worldwide demands for goods and services to companies established in Brazil. Norway’s experience is presented as a possible model


FUELS

Votorantim: US$ 88 M in Renewable Fuel

The goal of company’s cement subsidiary is to replace up to 40% of the petroleum coke in its 28 plants by waste and biomass


O&G

QGEP Plans to Drill Nine Wells in Atlanta by 2019

The forecast is a production of 75,000 bopd in the Santos Basin by 2021. According to the oil firm, the breakeven for the field may fall from US$45 to US$37 when a third well is added


POWER

Abengoa Asset Purchase: Only Pre-financed

Equatorial and BTG Pactual want a US$ 280 M loan from the BNDES for the purchase of nine transmission line lots from the Spanish company; lines under construction alone will require a US$ 417 M investment


O&G

Royalties Up for Discussion

Rio de Janeiro Representatives meet with the director of the ANP; hope to change regulations


O&G

Farstad Closes New Contracts

Shipping company will support activities for Petrobras with an MPSV; and Shell, with a PSV


POWER

Conversion of MP for the Electric Sector Is Sanctioned

Pres. Michel Temer signed a new law with vetoes to amendments, such as a plan to modernize coal-fired power plants and forgiveness of delays of power generation projects


O&G

Courts Return US$ 60 M to Petrobras

According to the oil firm, it has received over US$ 195 M, and expects a return of a total of US$ 1.6 B from illegal kickbacks


POWER

Sunew Announces Largest Global Use of OPV Solar Tech

The Brazilian company will use Organic Photovoltaic panels, considered to be the third generation in solar energy, at a software company’s new building in the city of São Paulo


O&G

Premier Oil in the Equatorial Margin

Firm to start drilling in Ceará in 2018; it was able to extend exploratory period of the two blocks


POWER

Eletrobras Cuts Capex by 29% for Next Four Years

The state company should invest US$ 10.5 B in 2017/21, against the US$ 14.7 B projected for 2015/19. Plan is based on three strategies: governance and compliance; financial discipline and operational excellence


O&G

Ibsen Flores Named PPSA CEO

Petrobras career employee will replace Oswaldo Pedrosa, who was exonerated from the position


O&G

Brazilian Well Productivity Above Global Average

According to OPEC’s November Oil Market Report, the country had 25 wells completed in the first semester. Pre-salt well productivity up to 35,000 bpd boosts result


O&G

Production Individualization Approved

ANP OK's the unitization of the deposits extending between Campos’ Cherne and Namorado fields


O&G

Petrobras Production Up 2.3% in 3Q16

The company's output in the period was 2.869 million boepd on average, an increase of 2% over the second quarter. The oil firm also keeps canceling vessel and aircraft contracts


FUELS

Gas to Grow Program Gets 52 Proposals

Petrobras, Repsol, Statoil, others sent contributions. The MME must draft a new resolution by Dec.


POWER

Eletrobras Earns US$ 257 M in 3Q16

Company reverses a US$ 1.2 B loss recorded in the same quarter in 2015. Through September, earnings were US$ 2.8 B against a loss of US$ 1.2 B during the same period last year


O&G

QGEP Seeks Partner For Atlanta

The goal is to reduce risk exposure to and remedy the default of OGX in the Santos Basin field


O&G

PPSA Changes Executives and Its Current CEO

The government will replace the four members of the pre-salt company’s Board of Executive Officers by Friday. Oswaldo Pedrosa will leave the position of the state company's CEO


OGG

CGG Focuses on Brazil, Mexico

The company expects demand for seismic data for the bid rounds scheduled for 2017


POWER

Enel’s Fresh Focus

In the transmission segment, the firm will pay special attention to network maintenance, telemetry


POWER

NEXTracke Will Supply Solar Trackers for Biosar

The company will ship the equipment for the EPC firm, which is responsible for constructing the Pirapora 191.5 MW complex, owned by Canadian Solar and EDF EN in Minas Gerais state


O&G

Deadline Extended for Búzios Seismic

Petrobras has extended the deadline for submission of bids for two weeks; new date set for November 23


O&G

Pre-Salt Should Require 110 Development Wells by 2019

BEHIND THE NEWS: Productivity gains in the Santos pre-salt wells could give Petrobras savings of around 30% in the future demand for well construction and subsea equipment


POWER

Angra 1 Sets Generation Record

In October, the nuclear power plant reported its best month ever in power generation, with 483,705 MWh