Petrobras On Refinery Sales Deadlines
(Petrobras, 30.Jul.2021) — Petrobras has celebrated a new addendum to the Term of Commitment to Cessation (TCC) signed with the Administrative Council for Economic Defense (CADE), with the purpose of...
Petrobras Inks Deal To Divest Power Companies
(Petrobras, 29.Jul.2021) — Petrobras, following up on the release disclosed on 11 September 2020, signed contracts for the sale of its 20% stakes in Termelétrica Potiguar S.A. (TEP) and 40%...
LatAm Briefs: Train 1 Mothballing, CVP Appointments
(Energy Analytics Institute, 28.Jul.2021) — Energy briefs from the Latin America and Caribbean region including: rising Brazilian imports of US LNG, Ecopetrol’s electric vehicles fleet, Hess reports 2Q:21 results, Trinidad...
S&P Upgrades Petrobras’ Credit Profile
(Petrobras, 28.Jul.2021) — Petrobras informs that the rating agency S&P Global Ratings raised its stand-alone credit profile (intrinsic risk) by one notch, from "bb" to "bb+". The agency affirmed the...
Petrobras Inks Contract To Divest Gaspetro
(Petrobras, 28.Jul.2021) — Petrobras, following up on the releases disclosed on 10 June 2020 and 30 December 2020, informs that it has signed a contract with the company Compass Gás...
Petrobras On Favorable Labor Lawsuit
(Petrobras, 28.Jul.2021) — Petrobras informs that, on this date, it became aware of a favorable decision handed down by the Minister Reporter of the Federal Supreme Court, in appeals filed...
Canadian Solar Raises $100mn To Support Brazil Project Portfolio
(Canadian Solar, 27.Jul.2021) — Canadian Solar Inc. (NASDAQ: CSIQ) closed a BRL 500mn (approximately $100mn) financing facility with Brazilian banks BTG Pactual and Itaú BBA. Canadian Solar will use the...
LatAm Briefs: Argentine Output, Colombian Renewables
(Energy Analytics Institute, 22.Jul.2021) — Energy briefs from the Latin America and Caribbean region including: daily production details from Argentina’s Neuquén region to 13 renewable projects identified by Colombia’s Ecopetrol...
Petrobras Highlights 2Q:21 Output, Sales
(Petrobras, 22.Jul.2021) — In 2Q21, Petrobras continued to operate safely and had a solid operating performance, despite the persistence of the pandemic scenario. The average production of oil, NGL and...
Vale Gets Permission To Import LNG
(S&P Global, 15.Jul.2021) — Brazilian multinational metals and mining company Vale has received permission from ANP, Brazil's energy regulator, to import LNG for its own industrial uses. The company has...
ANP Authorizes To Import LNG
(Argus, 14.Jul.2021) — Brazil has authorized iron ore producer Vale to import LNG to serve its own heating demand. Brazilian oil and gas regulation agency (ANP) will allow Vale to...
Bolsonaro Signs Law Authorizing Eletrobras Privatization
(Xinhua, 13.Jul.2021) — Brazilian President Jair Bolsonaro signed into law on Tuesday a bill approved by Congress that paves the way for the privatization of state-owned electric utility company Eletrobras,...
New Fortress Secures LNG Supply
(New Fortress, 6.Jul.2021) — New Fortress Energy Inc. (NASDAQ: NFE) reached an agreement for liquefied natural gas (LNG) supply that will cover the remaining volumes for NFE’s existing natural gas...
Swiss Insured Brazil Power 9.850% Notes Due 2032
(Swiss Insured Brazil Power, 2.Jul.2021) — Swiss Insured Brazil Power Finance S.à r.l., a private limited liability company (société à responsabilité limitée), incorporated and existing under Luxembourg law, having its...
Petrobras On Divestment Of Interest In Deten
(Petrobras, 28.Jun.2021) — Petrobras, following up on the release disclosed on 2 June 2021, related to the sale of its 27.88% interest in Deten Química S.A., postponed to 8 July...
Petrobras Starts Contracting For REPLAN Hydrotreatment Unit
(Petrobras, 28.Jun.2021) — Petrobras started an international bidding process, in EPC (engineering, procurement and construction) mode, for the implementation of a new diesel hydrotreatment unit and the necessary auxiliary systems,...
Brazil A Complex Place To Do Business
(TMF Group, 28.Jun.2021) — The comprehensive report by TMF Group, a leading professional services firm, analyses rules, regulations, tax rates, penalties and compliance issues across 77 jurisdictions, accounting for 92%...
Petrobras On Technip Group Leniency Deal
(Petrobras, 25.Jun.2021) — Petrobras, following up on the release disclosed on 26 June 2020, informs that it received the third, and last, installment, in the amount of R$271.1mn, of the...
Petrobras On LNG Regasification Terminal Leasing
(Petrobras, 21.Jun.2021) — Petrobras, following up on the releases disclosed on 1 October 2021 and 16 April 2021 informs that on 14 June 2021, a public session was held to...
Brazil May Gas Production Up From Year, Month Prior
(Argus, 18.Jun.2021) — Brazilian natural gas production in May rose by nearly 18pc from a year earlier and by more than 2pc from the prior month. Output reached 134mn m³/d...
Petrobras Inks Deal For The 8th Búzios Unit
(Petrobras, 11.Jun.2021) — Petrobras signed a contract with the joint venture formed by Saipem and DSME in the amount of $2.3bn for the supply of P-79, the eighth unit to...
Petrobras Reveals Final Results And Settlement Of Cash Tender Offers
(Petrobras, 11.Jun.2021) — Petrobras (NYSE: PBR) announced the final results and settlement of the previously announced cash tender offers by its wholly-owned subsidiary, Petrobras Global Finance B.V. (PGF), with respect...
Petrobras Inks Búzios Coparticipation Deal
(Petrobras, 11.Jun.2021) — Petrobras signed with Présal Petróleo S.A. (PPSA) and its partners CNODC Brasil Petróleo e Gás Ltda. (CNODC) and CNOOC Petroleum Brasil Ltda. (CNOOC) the Búzios Coparticipation Agreement,...
Petrobras Clarifies Doubts Around Sale Of Petrobras Distribuidora Stake
(Petrobras, 10.Jun.2021) — Petrobras, regarding the pieces of news published in the media concerning the sale of its entire remaining 37.5% stake in the capital of Petrobras Distribuidora S.A. (BR),...
Petrobras On Sapinhoá Seismic Acquisition
(Petrobras, 9.Jun.2021) — Petrobras will start on 13 June 2021 the first of the two seismic acquisitions of the Sapinhoá field monitoring project, in the pre-salt of the Santos Basin....
Petrobras On RLAM Divestment
(Petrobras, 9.Jun.2021) — Petrobras, following up on the release disclosed on 24 March 2021, informs that the General Superintendence of the Administrative Council for Economic Defense (CADE) approved the transaction...
Petrobras On Divestment Of Route 1, 2 And 3 Gas Pipelines
(Petrobras, 9.Jun.2021) — Petrobras, regarding the piece of news published in the media about the divestment of the Routes 1, 2 and 3 gas pipelines, clarifies that it is untrue...
Maersk Inks Two-well Deal Extension In Brazil
(Mærsk, 3.Jun.2021) — Karoon Energy Ltd exercised an option to add the drilling of two development wells at the Patola field offshore Brazil to the work scope of the semi-submersible...
GoldMining Initiates Preliminary Economic Assessment For The São Jorge Project
(GoldMining, 1.Jun.2021) — GoldMining (TSX: GOLD) (NYSE American: GLDG) is initiating a preliminary economic assessment (PEA) on its 100% owned São Jorge Gold Project in Pará State, Brazil and announces the results...
Enbridge, Fluxys, EIG Bid For Brazil’s Top Import Pipeline: Sources
(Reuters, 21.May.2021) — A consortium of Canada's Enbridge, Belgium's Fluxys and U.S. private equity firm EIG Global Energy Partners has submitted a non-binding offer for Brazil's largest natural gas import...
Petrobras’s 1Q:21 Earnings Call Transcript
(Motley Fool, 14.May.2021) — Brazil’s state oil and gas company Petrobras hosted its first quarter 2021 conference call. What follows is a complete transcript of the call. Contents: Prepared Remarks...
Petrobras On Record S-10 Diesel Sales
(Petrobras, 13.May.2021) — Petrobras reports that in April it registered total diesel sales of around 824,000 bpd, representing 59% growth in comparison with sales in April 2020. In the comparison...
LatAm Briefs: Green Hydrogen In Chile, ANP’s Green Diesel Resolution
(Energy Analytics Institute, 13.May.2021) — Energy briefs from the Latin America and Caribbean region including: Chile approving a first green hydrogen project and Brazil’s National Agency of Petroleum, Natural Gas...
Petrobras On Deal With Companhia De Eletricidade Do Amapá
(Petrobras, 11.May.2021) — Petrobras informs that it has signed with the Companhia de Eletricidade do Amapá (CEA), a legal agreement for the termination of litigation and credit recovery by Petrobras,...
Petrobras On TermoCamaçari Thermal Power Plant
(Petrobras, 11.May.2021) — Petrobras, following up on the release disclosed on 16 March 2021, informs that the negotiation with the company Proquigel Química S.A. for the leasing of the TermoCamaçari...
Petrobras To Host 1Q:21 Results Webcast
(Energy Analytics Institute, 10.May.2021) — Petrobras will host two webcasts on 14 May 2021 to discuss its first quarter 2021 results. The first will be in Portuguese and the second...
Petrobras Inks Deal For 7th Búzios Unit
(Petrobras, 10.May.2021) — Petrobras signed a contract with Keppel Shipyard Limited to build the P-78, the seventh unit to be installed in the Búzios field, in the Santos Basin pre-salt...
Atlas Executes 2nd Finance Project In Brazil
(Atlas Renewable Energy, 6.May.2021) — Atlas Renewable Energy obtained a $150mn loan from IDB Invest, a member of IDB Group, and from DNB Bank ASA (the largest financial services group...
Braskem Reports 1Q:21 Operating Result
(Braskem, 5.May.2021) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6;NYSE: BAK; LATIBEX: XBRK) announces its results for 1Q21. 1Q21 HIGHLIGHTS Braskem - Consolidated In 1Q21, the company's recurring Operating Result was $1,266mn, 52%...
![LatAm Briefs: Ecopetrol Results [PDF Download]; Roadblocks In Neuquén](https://energy-analytics-institute.org/wp-content/uploads/2020/04/planta_refineria_ecopetrol_barrancabermeja-768x550.jpg)
LatAm Briefs: Ecopetrol Results [PDF Download]; Roadblocks In Neuquén
(Energy Analytics Institute, 5.May.2021) — Energy briefs from the Latin America and Caribbean region including: Ecopetrol reporting strong 1Q:21 financial results [see enclosed PDF download] and a Chilean congressman expressing...
PetroRio Eyeing Assets Beyond Petrobras’ Albacora Field-CEO
(Reuters, 4.May.2021) — Brazilian oil company PetroRio is still interested in acquiring the Albacora field in the Campos Basin from Petrobras, but is also eyeing other offshore assets, the company's...
Petrobras Launches New Natural Gas Sales Products
(Petrobras, 3.May.2021) — Petrobras approved new contractual models for the sale of natural gas to distributors. The company will offer, in addition to the existing models, indexed to Brent oil...
Petrobras Commences Binding Phase For Divestment Of TBG And TSB
(Petrobras, 30.Apr.2021) — Petrobras, following up on the release disclosed on 5 February 2021, informs the beginning of the binding phase regarding the sale of the totality of its stakes...
Brazil Exploring Green Hydrogen
(Argus, 30.Apr.2021) — Brazil is hosting a growing number of green hydrogen initiatives as the government prepares a national hydrogen plan and regulations. Hydrogen specialist Lavinia Hollanda, founding partner at...
Petrobras On Sale Of Braskem
(Petrobras, 30.Apr.2021) — Petrobras, regarding the piece of news published in the media, clarifies that its equity interest in Braskem is part of the non-core assets to divest by the...
Petrobras Extends Maturity Of Revolving Credit Line
(Petrobras, 30.Apr.2021) — Petrobras, following up on the release disclosed on 28 March 2019, has extended part of the Revolving Credit Facility (RCF) maturing in March 2024, in the amount...
Exxon Highlights Deepwater Ops In Guyana And Brazil
(Energy Analytics Institute, 30.Apr.2021) — ExxonMobil’s deepwater projects offshore Guyana and Brazil generate returns over 10% with an oil price below $35 per barrel, the company’s CEO Darren Woods told...
SAS Strives To Combat Deforestation, Improve Reef Health And Lower Emissions
(SAS, 21.Apr.2021) — SAS' commitment to creating a more sustainable future through social innovation is highlighted this Earth Day, as the analytics innovator works with the Amazon Conservation and the...
Petrobras CEO Nods To Price Parity
(Reuters, 19.Apr.2021) — Joaquim Silva e Luna, the new chief executive of Brazil's Petrobras, will look to respect the company's current pricing policy and keep investing in deepwater assets, he...
iWrc Creates Opportunity For Waste Workers In Brazil
(iWrc Global, 19.Apr.2021) — Recycling centers often lack the proper resources to protect their employees from hazardous and strenuous working conditions. iWrc collaborates with these cooperatives to improve the health, safety, and financial stability of employees. The...
LatAm Briefs: Petrobras Swears In CEO, Aker’s Mero 1 Project Update
(Energy Analytics Institute, 19.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Petrobras hosting an inauguration or swearing in ceremony for its new CEO Joaquim Silva e...
Petrobras Elects CEO, Chief Officers
(Petrobras, 16.Apr.2021) — Petrobras’ Board of Directors, in a meeting held today 16 April 2021, elected Joaquim Silva e Luna to the position of CEO of the company. The Board...
Petrobras Board Elects CEO, CFO, New Division Heads
(Reuters, 16.Apr.2021) — The board of Brazil's Petrobras has officially elected a slate of new executives, including Chief Executive Joaquim Silva e Luna, the state-run oil company said in a...
Petrobras On Partial Return Of Libra Area
(Petrobras, 16.Apr.2021) — Petrobras informs that the consortium of Libra, constituted by Petrobras (40%), in partnership with Shell Brasil Petróleo Ltda. (20%), Total E&P do Brasil Ltda. (20%), CNODC Brasil...
Petrobras On Leasing Of LNG Regasification Terminal
(Petrobras, 16.Apr.2021) — Petrobras, following up on the release disclosed on 1 October 2020, published today the Call for the second bidding process to lease the Bahia LNG Regasification Terminal...
Petrobras On Resignation Of BOD Member
(Petrobras, 16.Apr.2021) — Petrobras informs that it received today a resignation letter from the member of the Board of Directors, Marcelo Gasparino da Silva, elected through a multiple vote process...
EU Commissioner Blasts Brazil Climate Pledge
(Reuters, 14.Apr.2021) — The European Union's top environment official told Brazil on Wednesday that the South American country's updated climate pledge "sends a bad signal" by only committing to reaching...
Petrobras On Approval Of Dividend
(Petrobras, 14.Apr.2021) — Petrobras, following up on the release disclosed on 24 February 2021, informs that, in a meeting held today, the Annual General Meeting approved the proposal for allocation...
Equinor Sees 1H:21 Peregrino Restart
(Reuters, 12.Apr.2021) — Equinor’s Peregrino oilfield off the coast of Brazil is on track to restart in the first half of this year following several delays, a spokesman said on...
Petrobras Shareholders Pave Way For New CEO
(Reuters, 12.Apr.2021) — Shareholders in Brazil’s Petrobras voted on Monday to remove Roberto Castello Branco as CEO, and elected his government-picked successor to the board of directors, but discontent among...
At Petrobras, A ‘Spartan’ Military Man Takes The Reins
(Reuters, 12.Apr.2021) — For many investors, the appointment of former army general Joaquim Silva e Luna as the new chief executive of Brazil's state-run oil company Petrobras was unexpected -...
A Role For Gas In Renewables-rich Brazil
(Shell, 8.Apr.2021) — Brazil boasts one of the world’s most enviable bounties of renewable power – it is flush with hydroelectric, wind and solar resources. But adverse weather like droughts...
Petrobras Pushes Back Mero-1 Start-Up
(Petrobras, 7.Apr.2021) — Petrobras informs that the production expected to start from Mero 1, through FPSO Guanabara, was postponed from the 4th quarter of 2021 to the 1st quarter of...
Petrobras Boosts Investments In Northern Brazil
(Petrobras, 6.Apr.2021) — Petrobras announces that it signed agreements with BP Energy do Brasil Ltda (BP) to take over BP's entire stakes in six blocks, located in ultra-deep water in...
Petrobras To Boost Natural Gas Price For Distributors
(Petrobras, 5.Apr.2021) — Petrobras informs that as of 1 May 2021, the natural gas sale prices for distributors will increase, by 39% in R$/m3, in relation to the last quarter....
Petrobras Adopts Cautious Fuel Price Approach
(Petrobras, 2.Apr.2021) — Petrobras, regarding the pieces of news published in the media, clarifies that it chose to adopt a more cautious approach in January 2021 and accelerated the fuel...
Shell Updates On South American Assets In Annual Report
(Shell, 1.Apr.2021) — Shell provided details in its 2020 annual report related to its operations in South America from Argentina, Brazil and Bolivia. What follows is a summary from the...
Petrobras Reports Rise In S-10 Diesel Sales
(Petrobras, 1.Apr.2021) — Petrobras informs that in March it recorded total diesel sales in the amount of 791 thousand bpd, representing growths of 35% and 17% when compared to sales...
Petrobras Completes Health Plan Transition
(Petrobras, 1.Apr.2021) — Petrobras, following up on the release disclosed on 29 April 2020, informs that the transition of Petrobras health plan operation was completed. As of April, the Petrobras...
Brazil’s 1P Reserves Decline In 2020
(Energy Analytics Institute, 31.Mar.2021) — Brazil’s crude oil and natural gas reserves fell in 2020 across 1P, 2P and 3P categories, according to details published by the country’s National Agency...
Jair Bolsonaro Sparks Political Crisis
(Reuters, 30.Mar.2021) — Brazil will replace the three heads of its armed forces, the Defense Ministry said on Tuesday, as Latin America’s biggest nation, already roiled by the pandemic, faced...
LatAm Briefs: Argentina’s IMF Payments, Odebrecht Arrest Warrants
(Energy Analytics Institute, 30.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina only paying the IMF around $3.1bn in interest and arrest warrants being issued for...
Petrobras Dismisses HR Executive
(Petrobras, 29.Mar.2021) — Petrobras, regarding the pieces of news in the media, clarifies that today the Executive Manager of Human Resources was dismissed from the company for having failed to...
LatAm Briefs: Petrobras Form 20-F, Ecopetrol Eyes Net Zero
(Energy Analytics Institute, 25.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Brazil’s Petrobras filing its Form 20-F for 2020 and Colombia’s Ecopetrol announcing its commitment and...
Antonio Pinho Joins Excelerate In Brazil
(Excelerate Energy, 25.Mar.2021) — Excelerate Energy announced Antonio Pinho has joined the team as Commercial Director for Brazil. His addition comes as Excelerate continues to strengthen its position in South...