(Petrobras, 28.Jan.2022) — Petrobras, following up on the releases disclosed on 16 December 2021 and 17 January 2022, informs that, together with NSP Investimentos SA – In Judicial Recovery, communicated to Braskem SA the decision to cancel the public offering for secondary distribution of shares owned by them, which would […]
Category: Brazil
Brazil energy
Petrobras on Urucu Cluster Divestment
(Petrobras, 28.Jan.2022) — Petrobras, following up on the releases disclosed on 7 December 2020 and 1 February 2021, informs that it has unsuccessfully concluded negotiations with Eneva S.A. for the sale of all of its interest in a set of seven onshore production concessions, called the Urucu Cluster, located in […]
Petrobras Proved Reserves Reach 9.9 BN BOE in 2021
(Petrobras, 28.Jan.2022) — Petrobras discloses its proved reserves of oil, condensate and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at 9.88 billion barrels of oil equivalent (boe), as of 31 December 2021. Oil and condensate, and natural gas correspond to 85% and 15% of this […]
Petrobras on Albacora and Albacora Leste Divestment
(Petrobras, 25.Jan.2022) — Petrobras, in relation to the pieces of news in the media about the postponement of the signing of the contracts for the sale of the Albacora and Albacora Leste fields, in the Campos Basin, clarifies that, as disclosed on 11/05/2021, it is in the negotiation phase with […]
Equinox Gold Says Production Increasing to 625,000 to 710,000 Ounces of Gold
(Equinox Gold Corp, 25.Jan.2022) — Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) announces 2022 production guidance of 625,000 to 710,000 ounces of gold, increasing from 2021 production of 602,100 ounces of gold. Cost guidance includes cash costs1 of $1,080 to $1,140 per ounce and all-in-sustaining costs1,2 (“AISC”) of $1,330 to $1,415 per ounce of gold sold. Guidance does not include […]
TechnipFMC Awarded Large EPCI Contract by Petrobras for BĂşzios 6 Field
(TecnhipFMC, 24.Jan.2022) — TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a large(1) subsea Engineering, Procurement, Construction and Installation (EPCI) contract by Petrobras for its BĂşzios 6 field (module 7), a greenfield development in the pre-salt area. The contract covers flexible and rigid pipe, umbilicals, pipeline end terminals, rigid jumpers, […]
ONGC Videsh Enters Development Stage Offshore Brazil at BM-SEAL-4
(ONGC, 24.Jan.2022) — ONGC Videsh Limited (OVL) had registered a major gas discovery in 2019 in its deep offshore block BM-SEAL-4, Brazil, located in the Sergipe Alagoas Basin. Petrobras is the Operator of the block with 75% Participating Interest (PI) and in which partner ONGC Videsh holds 25% PI. ONGC […]
Petrobras on Potiguar Cluster Divestment
(Petrobras, 19.Jan.2022) — Petrobras, regarding the pieces of news in the media about the divestment project of the Potiguar Cluster, which includes a set of 22 concessions of onshore and shallow waters production fields, including the Clara CamarĂŁo refinery, in the state of Rio Grande do Norte, clarifies that, as […]
NRGBriefs: PDVSA Debt Stood at $35bn at YE:21
(Energy Analytics Institute, 19.Jan.2022) — Energy briefs including Brazil’s President Jair Bolsonaro visiting w/ his counterparts in Suriname and Guyana to discuss oil and gas matters; and Venezuela’s state oil giant PDVSA revealing its total debt stood at $34.894bn at YE:21. LATIN AMERICA AND THE CARIBBEAN Brazil — Brazil’s President […]
Brazil Gas Industry Sees Risk on ‘Hasty’ State Laws
(Argus, 18.Jan.2022) — Some of Brazil’s largest natural gas consumers, pipeline companies and oil and gas producers are complaining that new state laws could reduce competition in the gas market. Brazilian association of energy intensive consumers ABRACE, gas transporters’ association Atgas, and Brazil’s oil and gas institute IBP released a […]
Wintershall Dea Exits Activities in Brazil
(Wintershall Dea, 17.Jan.2022) — Wintershall Dea decided to terminate all its operations in Brazil and to close the current office in Rio de Janeiro after the execution of all required measures. The termination of its operations in the country will be made in accordance with all contractual and legal regulations. […]
Petrobras on Sale of Braskem Stake
(Petrobras, 17.Jan.2022) — Petrobras, following up on the release disclosed on 16 December 2021, informs its shareholders and the market in general that it has applied to register with the Brazilian Securities and Exchange Commission (CVM), on 01/14/2022, the request for registration of a public offering for secondary distribution of […]
Bolsonaro to Visit Suriname and Guyana for Talks on Oil Cooperation
(Reuters, 17.Jan.2022) — Brazilian President Jair Bolsonaro will visit Suriname and Guyana on Thursday and Friday for talks on economic cooperation following recent discoveries of oil and gas by Brazil’s two neighbors, the foreign ministry said on Monday. Bolsonaro and the presidents of Suriname, Chandrikapersad Santokhi, and Guyana, Irfaan Ali, […]
Petrobras Comments on 2021 Production, Cuts 2022 Target
(Petrobras, 14.Jan.2022) — Petrobras confirms the achievement of its production targets for the year 2021, with the following results: The highlights of 2021 were: • the start of production from FPSO Carioca, the first platform in the SĂ©pia field, in the Santos Basin pre-salt; • own production in the pre-salt, […]
Q&A: Brazil to Offer Incentives for Shale Exploration
(Argus, 11.Jan.2022) — Brazil wants to start exploration and production of non-conventional gas resources, such as shale and tight gas, rekindling the public debate that prevented the country from such operations in the mid-2010s. Argus talked to Rafael Bastos da Silva, oil and gas secretary at the ministry of mines […]
World Bank: Global Growth to Slow Through 2023
(World Bank, 11.Jan.2022) — Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic […]
Ceiba Energy Wins PPA for 1.6GW Portocem Project in Brazil
(Ceiba Energy, 10.Jan.2022) — Houston-based power company Ceiba Energy, backed by Denham Capital, a global sustainable infrastructure, energy and resources focused investment firm, announced the successful bid of its Portocem project for a 15-year PPA to build, own and operate a new 1.6 GW power plant in Brazil. Ceiba Energy’s […]
![UNICEF Brazil Flash Situation on Bahia Floods [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/01/WireAP_45e165f788cf48d8a3c1b5bfcc91a57b_16x9_992.jpg)
UNICEF Brazil Flash Situation on Bahia Floods [PDF Download]
(UNICEF, 8.Jan.2022) — The southern part of Bahia state and north of Minas Gerais state have been affected by a dam collapse, heavy rains and floods with 17 municipalities. UNICEF flash note key points follow. Highlights • 163 municipalities reported emergency state due to a dam collapse followed by flooding […]
Petrobras Still Seeking to Divest up to 100% in Braskem
(Petrobras, 6.Jan.2022) — Petrobras, regarding the news published in the media, clarifies that, as disclosed on 16 December 2021, it maintains its position of seeking the sale of up to 100% of the preferred shares it holds in Braskem S.A., to be conducted through secondary public offering(s) of shares (follow-on), […]
Petrobras, Novonor Pick Banks for $1.5bn Braskem Share Sale
(Bloomberg, 5.Jan.2022) — The controlling shareholders of Braskem SA, one of the world’s top petrochemical makers, have picked banks to unload a roughly $1.5 billion stake in the firm, people familiar with the matter said. Novonor — previously known as Odebrecht — and oil giant Petrobras are working with JPMorgan […]
NRGBriefs: Presidential Elections in Brazil and Colombia
(Energy Analytics Institute, 4.Jan.2022) — Energy briefs including presidential elections in Brazil and Colombia this yr could see showdowns between Lula da Silva and Jair Bolsonaro as well as Gustavo Petro and a new candidate perhaps from Iván Duque Márquez’s party respectively; Mexico’s President Andres Manuel Lopez Obrador presenting the country’s […]
NRGBriefs: Buenos Aires Power Outages
(Energy Analytics Institute, 3.Jan.2022) — Energy briefs including power outages in Buenos Aires, Argentina; Brazilian fuel distributors supplying 1.3bn liters of biofuels in the 1Q:22; Venezuela’s opposition-led National Assembly deciding to back Juan GuaidĂł for another yr; and more. LATIN AMERICA AND THE CARIBBEAN Argentina — Residents in various sectors […]
![Brazil’s Oil Production Rose 2.7% in November [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/04/anp-brasil-oil.jpg)
Brazil’s Oil Production Rose 2.7% in November [PDF Download]
(Energy Analytics Institute, 3.Jan.2022) — Brazil’s national production of crude oil and natural gas totaled 3,711 million barrels of oil equivalent per day (MMboe/d) in November 2021, comprised of 2,852 million barrels per day (MMb/d) of oil and 137 million cubic meters (MMm3/d) of gas. Brazil’s oil production in November […]
NRGBriefs: Great Panther Files Defense to Infractions
(Energy Analytics Institute, 30.Dec.2021) — Energy briefs including Great Panther filing a defense to three infraction notices delivered to its Brazilian subsidiary, Mina Tucano Ltda.; and Enbridge Inc. closing a deal whereby an Enbridge subsidiary sold its 38.9% non-operating minority ownership interest in Noverco Inc. to Trencap L.P. LATIN AMERICA […]
Brazilian Elections Will Not Affect Petrobras Pricing, CEO Pledges
(Reuters, 30.Dec.2021) — Brazil’s 2022 general elections will not influence the fuel pricing policy of Petrobras, the chief executive of the state-run oil company told Reuters on Thursday. Petroleo Brasileiro SA, as the company is formally known, officially sets domestic fuel prices in line with international prices, although it allows […]
Petrobras Responds to Preliminary Injunctions on Gas Contracts
(Petrobras, 30.Dec.2021) — Petrobras was notified, on this date, of preliminary decisions rendered by the Court of Justice of the State of Rio de Janeiro that determined the maintenance of the conditions of the contracts entered into between Petrobras and state distributors (CEG and CEG RIO), which will expire on […]
Q&A: Excelerate Looks South for LNG Opportunities
(Argus, 28.Dec.2021) — Brazil’s unfolding market opening for natural gas could also create opportunities for LNG in the region as a complementary energy source, US energy firm Excelerate Energy believes. Vice president for South America Gabriela Aguilar talked to Argus about the new mindset for energy integration between Brazil and […]
NRGBriefs: Ecopetrol Sends First Carbon-Neutral Cargo to PetroChina
(Energy Analytics Institute, 28.Dec.2021) — Energy briefs including Colombia’s state-controlled Ecopetrol agreeing to ship 1 MMbbls of Castilla blend oil to PetroChina for delivery in Feb. 2022; Venezuela’s opposition lawmakers voting to for the continuity of the National Assembly and its leader Juan GuaidĂł; and more. LATIN AMERICA AND THE […]
NRGBriefs: CFIUS Approves Pemex’s Deer Park Refinery Purchase
(Energy Analytics Institute, 22.Dec.2021) — Energy briefs including Chile being chosen for the 2nd consecutive yr as the most attractive emerging mkt to invest in renewable energies in the LatAm region; AkerSolutions crossing the 36% mark in terms women among all hired personnel in Brazil; the Committee on Foreign Investment […]
Petrobras On LPG Focused Social Program
(Petrobras, 22.Dec.2021) — Petrobras, following up on the releases disclosed on 29 September and 8 December 2021, informs that its Board of Directors approved the allocation of R$270mn that will be used throughout 2022 in the social program of access to cooking gas cylinders (liquefied petroleum gas – LPG) for […]
Petrobras Concludes Sale of Bahia Onshore Fields
(Petrobras, 22.Dec.2021) — Petrobras, following up on the release disclosed on 23 Dec. 2020, informs that it concluded today the sale of its total stake in 12 onshore exploration and production fields, called Remanso Cluster, located in the state of Bahia, to PetroRecĂ´ncavo S.A.. After compliance with the preceding conditions, […]
Petrobras Completes Renewal of its Shelf Registration
(Petrobras, 22.Dec.2021) — Petrobras completed the renewal of its shelf registration with the US Securities and Exchange Commission (SEC). The shelf registration allows Petrobras to offer securities in the US capital markets in an agile and comprehensive manner, taking advantage of market opportunities, with the objective of reducing costs and […]
Petrobras Submits Development Plan for Tupi and Iracema
(Petrobras, 22.Dec.2021) — Petrobras, as the operator of the Tupi Field, submitted to the National Petroleum, Natural Gas and Biofuel Agency (ANP), the review of the Integrated Development Plan (PD) of the Shared Deposit of Tupi and the Iracema Area. In this revision, the Tupi Consortium proposes new investments to […]
Petrobras on Contracts with TAG
(Petrobras, 22.Dec.2021) — Petrobras informs that, as part of the actions taken to open the Brazilian natural gas market, signed, today, with Transportadora Associada de Gás S.A. (TAG) the Flexibility Reduction Agreement to be used by Petrobras (Agreement) and amendments to the Malha Nordeste, Gasene and Pilar-Ipojuca Natural Gas Transportation […]
Petrobras Comments on Divestment of Paraná Basin Assets
(Petrobras, 20.Dec.2021) — Petrobras, following up on the release disclosed on 08/03/2021, informs that it signed with Ubuntu Engenharia e Serviços Ltda a contract for the sale of its total stake in the concession PAR-T-198_R12, located onshore, in the Paraná Basin. The total value of the transaction is $31 thousand […]
TotalEnergies and Shell Stand Out in Brazilian Oil Auction
(Bloomberg, 17.Dec.2021) — European supermajors TotalEnergies SE and Royal Dutch Shell Plc will join Brazil’s state-controlled oil giant at two key fields, marking the latest expansion in Latin America’s largest crude producer and an important victory for President Jair Bolsonaro. TotalEnergies won stakes in both of the deepwater fields on offer Friday, […]
ANP Reveals Result of 2nd Bid Round for TOR Surplus
(Petrobras, 17.Dec.2021) — Petrobras acquired the exploration and production rights of the volumes exceeding those of the Transfer of Rights in the Atapu and Sepia offshore fields in the 2nd Bidding Round for the Transfer of Rights surplus under the Production Sharing Regime, held today, by the National Agency of […]
Petrobras Inks $5bn Revolving Credit Line Deal
(Petrobras, 16.Dec.2021) — Petrobras signed, today, a revolving credit facility (RCF) in the amount of $5bn, maturing in December 2026, with the possibility of being extended in up to two years. The agreement, signed with 16 banks, allows the company to draw on the line until the month before maturity, […]
LatAm Oil Auctions Kick Off After Two-year Lull
(Reuters, 16.Dec.2021) – Latin America’s oil frontiers are back in the spotlight with auctions coming up in Brazil, Guyana and the Andean region that are expected to attract bids from major oil firms despite a global call to end fossil fuel development. Brazil is set to receive bids on Friday […]
Petrobras BODs Approves Sale Of Braskem Stake
(Petrobras, 16.Dec.2021) — Petrobras’ Board of Directors approved the model for the sale of up to 100% of the preferred shares it holds in Braskem S.A. to be conducted through secondary public offering(s) of shares (follow-on), together with Novonor S.A. – In Judicial Recovery and NSP Investimentos S.A. – In […]
Petrobras Carries Out Payment To Shareholders
(Petrobras, 15.Dec.2021) — Petrobras, following up on the releases disclosed on 4 August 2021, 28 September 2021, and 19 November 2021, informs that it is carrying out today the payment of the 2nd installment of the anticipated shareholder remuneration for 2021. The gross amount distributed corresponds to the gross value of […]
Canadian Solar Completes Sale Of Photovoltaic Project To VTRM
(Canadian Solar, 14.Dec.2021) — Canadian Solar Inc. (NASDAQ: CSIQ) announced the sale of Canadian Solar’s 635 MWp JaĂba V solar project to VTRM. The JaĂba V Project, located in the Northeastern state of Minas Gerais, is in advanced stage of development and is expected to begin construction in 2022, and reach […]
Petrobras On Mero Production Individualization Agreement
(Petrobras, 13.Dec.2021) — Petrobras announces that the National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved, at the Collegiate Board Meeting No. 1074 held on 9 December 2021, the Production Individualization Agreement (AIP) of the Mero accumulation, located in the Santos Basin. The Mero joint reservoir comprises: – Mero […]
Petrobras Reports Stoppage At Manati Gas Field
(Petrobras, 13.Dec.2021) — Petrobras said that on 10 December 2021 the production of gas from the Manati field, located in the Camamu Basin, in the state of Bahia, was halted due to the closure of the subsea valve of the export pipeline. The pipeline’s operation was safely interrupted and teams […]
NRGBriefs: Ecuador Declares Force Majeure On Oil Exports
(Energy Analytics Institute, 13.Dec.2021) — Energy briefs including Ecuador’s gov’t declaring force majeure on 12 Dec. 2021 on oil exports due to erosion issues around the Piedra Fina River and other tributaries of the Quijos River; Argentina celebrating Petroleum Day; TechnipFMC being awarded three frame agreements by Petrobras; and more. […]
Argus Launches Report As Brazil Liberalizes Gas Market
(Argus, 10.Dec.2021) — Brazil is opening its gas market to competition, taking steps to reduce the dominance of state-controlled Petrobras and provide opportunities to new entrants, both domestic and international. The freer market will mean that prices are driven by supply and demand. To provide price transparency for this rapidly changing […]
Petrobras On Relavant Goldman’s Shareholding Position
(Petrobras, 9.Dec.2021) — Petrobras, in compliance with Article 12 of CVM Resolution No. 44, of 08/23/2021, informs that it was communicated by Goldman Sachs & Co. LLC, a subsidiary of The Goldman Sachs Group, Inc., by Goldman Sachs International, and other subsidiaries of The Goldman Sachs Group, Inc., namely Goldman […]
Excelerate Energy Initiates Ops At Bahia LNG Terminal
(Excelerate, 9.Dec.2021) — Excelerate Energy L.P. announced that on 8 December 2021 it started natural gas deliveries to the Brazilian market at the Bahia Regasification Terminal (TR-BA) in Salvador, Bahia. Excelerate’s floating storage and regasification unit (FSRU) Excelerate Sequoia, which has an LNG storage capacity of 173,400 cubic meters, is providing […]
CCUS and Upstream Production in Brazil
(IHS Markit, 9.Dec.2021) — The following provides a brief overview of selected reports in the Upstream Costs and Technology, Latin America Costs and Technology Supply Chain Service from November 2021. Petrobras has one of the three largest (if not the largest) carbon capture, utilization, and storage (CCUS) projects in operation […]
Brazil is in Water Crisis
(Nature, 8.Dec.2021) — Brazil has the largest amount of fresh water in the world. Two-thirds of what flows in the Amazon River alone could supply the world’s demand. Yet much of the nation now faces drought. It’s the worst in many decades in a nation that grows more than one-third […]