(Exxon, 1.Dec.2021) — ExxonMobil has finalized corporate plans, which increase spending to $15bn on greenhouse gas emission-reduction projects over the next six years while maintaining disciplined capital investments in its industry-leading portfolio. The plans support the corporate strategy of continued structural cost savings, investment in low-cost-of-supply and lower-emission products, and […]
Category: Brazil
Brazil energy
Seadrill Limited Provides 3Q:21 Market Update
(Seadrill, 29.Nov.2021) — Seadrill Limited (OSE: SDRL, OTCPK: SDRLF), a world leader in offshore drilling provides a market update for the third quarter of 2021. During the quarter, Seadrill continued to sign high-quality contracts contributing $145mn to backlog, reflecting the depth of its customer relationships. Total backlog as of 30 September 2021 stood at $2.1bn. […]
Fact Sheet: Portocem LNG-to-Power Project
(Ceiba Energy, 29.Nov.2021) — Ceiba Energy is developing the Portocem LNG-to-power project in Northeast Brazil. The project is located next to an existing port and will receive LNG shipped via FSRU transportation. The gas-fired combined cycle power plant is licensed up to 2.2 GW. The new plant will provide reliable […]
Petrobras Inks Deal For RLAM Transfer
(Petrobras, 26.Nov.2021) — Petrobras, regarding the news published in the media about the signing of the final transfer of the Landulpho Alves Refinery (RLAM) to Mubadala, clarifies that, as disclosed on 24 March 2021, it signed with MC Brazil Downstream Participações, a company of the Mubadala Capital group, a contract […]
Petrobras To Lease The TermoCamaçari Plant
(Petrobras, 26.Nov.2021) — Petrobras, following up on the release disclosed on 11 May 2021, informs that, after resuming negotiations with Proquigel QuĂmica S.A., a subsidiary of Unigel Participações S.A., for the leasing of the TermoCamaçari Thermal Power Plant (UTE TermoCamaçari), located in the State of Bahia, the negotiation was successfully […]
Petrobras Updates On Possible Braskem Offer
(Petrobras, 26.Nov.2021) — Petrobras, regarding the news published in the media about a possible offer of preferred shares of Braskem in the first quarter of 2022, clarifies that, as disclosed on 8, 9, 20 of June and 30 August, 1 October and 22 November, its stake in Braskem is still […]
Petrobras Says Conditions Met To Suspend Judicial Deal With CEA
(Petrobras, 25.Nov.2021) — Petrobras, following up on the release disclosed on 11 May 2021, informs that the suspensive conditions related to the judicial agreement signed with Companhia de Eletricidade do Amapá (CEA) for the conclusion of litigation and credit recovery by Petrobras have been met. Thus, the agreement will generate […]
Petrobras Reveals Dividend Policy Details
(Petrobras,24.Nov.2021) — Petrobras‘ Board of Directors, in a meeting held today, approved the revision of the Shareholder Remuneration Policy (Dividend Policy). The enhancement of the Dividend Policy has become important because of the anticipated achievement of the target of gross debt below $60bn in the 3rd quarter of 2021, originally […]
![Petrobras Approves Strategic Plan 2022-26 [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2021/11/plataforma-est-01-source-petrobras.png)
Petrobras Approves Strategic Plan 2022-26 [PDF Downloads]
(Petrobras, 24.Nov.2021) — Petrobras‘ Board of Directors approved, in a meeting held today, the Strategic Plan for the five-year period 2022-2026 (SP 2022-26). With the vision of “Being the best energy company in value generation, focused on oil and gas, sustainability, safety, respect for people and the environment,” Petrobras reaffirms […]
Ceiba Energy Completes Purchase of Breitener Energética
(Ceiba Energy, 16.Nov.2021) — Ceiba Energy, a Houston-based power company with a focus in Latin American markets, completed the acquisition of 100% of Breitener EnergĂ©tica S.A. from Petrobras and other minority partners. Ceiba Energy is backed by Denham Capital, a global sustainable infrastructure, energy and resources focused investment firm. Breitener […]
Rio de Janeiro Looks to establish Voluntary Carbon Credit Marketplace in Brazil
(Carbon Trading Exchange, 9.Nov.2021) — On 22 June 2021, Rio de Janeiro Mayor Eduardo Paes published Decree No. 48.995/21, which started the Carbon Trading Exchange Work Group. The Work Group reviewed almost 200 years of work done in Rio de Janeiro on Environmental, Finance and Education by local companies and […]
Bolsonaro: Petrobras Pricing Independent
(Reuters, 6.Nov.2021) — Brazilian President Jair Bolsonaro lamented on Saturday that state-run oil company Petrobras sets domestic fuel prices independent of government interference and repeated his desire to privatize the firm. “We know about inflation, the rise in fuel prices. We know about Petrobras. The company is independent unfortunately, independent. […]
Petrobras Finalizes Divestment Of Power Companies
(Petrobras, 5.Nov.2021) — Petrobras, following up on the release disclosed on 29 July 2021, says it has concluded the sale of its stakes of 20% in TermelĂ©trica Potiguar S.A. (TEP) and 40% in Companhia EnergĂ©tica Manauara S.A. (CEM) to Global Participações Energia S.A. (GPE), through its subsidiaries GFT Participações S.A. […]
Petrobras In Negotiations With Petro Rio
(Petrobras, 5.Nov.2021) — Petrobras, following up on the release disclosed on 7 Oct. 2021, about the divestment project of the Albacora and Albacora Leste fields, in the Campos Basin, informs that its Executive Board concluded the analysis of the proposals received and, yesterday, it approved the start of the negotiation […]
Petrobras Comments On Communication From Controlling Shareholder
(Petrobras, 5.Nov.2021) — Petrobras clarifies that, due to news released in the media recently, consulted its controlling shareholder on the existence of information to be disclosed to the market in accordance with the CVM Resolution 44/2021. In communication received on 3 November 2021, the Ministry of Mines and Energy (MME) […]
Brazil Offers Second Chance At Atapu And SĂ©pia
(WoodMac, 3.Nov.2021) — Brazil will relicense the surplus volumes in Atapu and SĂ©pia next month, offering bidders improved terms in the country’s second Surplus Transfer of Rights round. The two production sharing contracts were offered in the first Surplus Transfer of Rights round, held in 2019, but failed to attract […]
US, EU, And Partners Launch Global Methane Pledge
(US Department of State, 2.Nov.2021) — Today, the United States, the European Union, and partners formally launched the Global Methane Pledge, an initiative to reduce global methane emissions to keep the goal of limiting warming to 1.5 degrees Celsius within reach. A total of over 100 countries representing 70% of the […]
NRGBriefs: Atlantic LNG’s Carbon Abatement Plan
(Energy Analytics Institute, 29.Oct.2021) — Energy briefs including Atlantic LNG revealing its carbon abatement strategy; Brazil’s oil giant Petrobras reducing its gross debt load to $59.6bn in the 3Q:21; and more. LATIN AMERICA AND THE CARIBBEAN Colombia — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) entered into and closed an […]
Petrobras Releases 3Q:21 Report [PDF Download]
(Petrobras, 29.Oct.2021) — In 3Q21, Petrobras posted excellent operating and financial results. According to CEO Joaquim Silva e Luna, “It is with great honor that I share with you the results achieved. We reached our debt target much earlier than planned and we are sharing part of the wealth generated […]
Bolsonaro Says Petrobras Privatization Is ‘On Our Radar’ As Fuel Prices Rise
(Reuters, 25.Oct.2021) — Brazilian President Jair Bolsonaro reiterated that he is considering the privatization of state-run oil company Petrobras, boosting its shares along with news of a fresh price hike in the domestic gasoline and diesel market. “This is on our radar,” the far-right president said during a radio interview. […]
![NRGBriefs: Venezuelan Production Goals [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/04/PDVSA_1_t640x360-latamnrg.jpg)
NRGBriefs: Venezuelan Production Goals [PDF Download]
(Energy Analytics Institute, 25.Oct.2021) — Energy briefs including Venezuela’s near-term oil production goals; Petrobras’ plans to host two 3Q:21 webcasts using Microsoft Teams; B2Gold Corp. entering into a binding agreement w/ West African Resources Limited; and more. LATIN AMERICA AND THE CARIBBEAN Brazil — On 29 Oct. 2021 Petobras will […]
Atlas Gets ESG Social Award
(Atlas, 22.Oct.2021) — Atlas Renewable Energy has been awarded IJGlobal’s 2020 ESG Energy Deal of the Year (Americas) and ESG Social Award. The recognitions were announced on 21 October 2021, at IJGlobal‘s award ceremony in London. According to IJGlobal, these two recognitions were awarded to Atlas due to the company’s […]
Petrobras On Campos Basin Teaser
(Petrobras, 22.Oct.2021) — Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of its entire stake (100%) in the Catuá Field, belonging to the BC-60 Exploratory Block, located in the Campos Basin, in the state of EspĂrito Santo. The teaser, which includes key information about the opportunity, as well as the eligibility criteria for the selection of potential participants, is available on the Petrobras Investor Relations website: https://www.investidorpetrobras.com.br/en/results-and-notices/teasers. The main […]
Petrobras Expands On ANP Agreement
(Petrobras, 22.Oct.2021) — Petrobras informs that, on 14 October 2021, its Executive Board analyzed and approved the submission to the Board of Directors of a proposal to enter into an Agreement between Petrobras and the National Agency of Petroleum, Natural Gas and Biofuels (ANP) related to royalties on the operation of the Shale Industrialization Unit (SIX), located in SĂŁo Mateus do Sul/PR. The terms of the agreement were approved by the ANP’s collegiate board […]
Bolsonaro’s Privatization Talk Masks Petrobras Struggles
(Bloomberg, 20.Oct.2021) — For all President Jair Bolsonaro’s recent talk of privatizing Brazil’s crown jewel, oil giant Petrobras has struggled even to unload a handful of refineries. And its chances have never looked worse. With global fuel demand still reeling from the pandemic and refineries shutting down elsewhere, Brazil is […]
![Petrobras Highlights 3Q:21 Production And Sales [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2021/10/BRA_GerarNovaImagemJpeg_20oct2021.jpg)
Petrobras Highlights 3Q:21 Production And Sales [PDF Download]
(Petrobras, 20.Oct.2021) — In 3Q21, Petrobras continued to operate safely and with a solid performance, still with a differentiated regime and special protocols due to the pandemic scenario, but with a gradual increase in the number of people on board. The average production of oil, LGN and natural gas reached […]
GeoPark Accelerates Colombia Drilling Activity
(GeoPark, 19.Oct.2021) — GeoPark Limited (NYSE: GPRK) announced its operational update for the three-month period ended 30 September 2021 (3Q:21). Highlights Consolidated oil and gas production of 37,859 boepd, up 4% compared to 2Q2021 Oil production of 32,844 bopd, up 6% compared to 2Q2021 due to increased production in Colombia […]
Petrobras Comments On Fuel Orders Fulfillment
(Petrobras, 18.Oct.2021) — Petrobras clarifies about pieces of news in the media regarding cuts in fuel orders fulfillment. As disclosed in the 2Q21 Production and Sales Report, the company operated its refining facilities in the first half of 2021 with a utilization factor (UF) of 79%, in line with the […]
NRGBriefs: Renewable Energy Ops In The Caribbean
(Energy Analytics Institute, 15.Oct.2021) — Energy briefs including details of four renewable energy-exporting opportunities in the Caribbean in Barbados, Jamaica, Trinidad and Tobago and Guyana; TotalEnergies extending the contract for the Maersk Voyager in Angola for Ondjaba-1; and more. EVENTS — The Caribbean Renewable Energy Forum 2021 takes place from […]
As Western Oil Giants Cut Production, NOCs Step Up
(New York Times, 14.Oct.2021) — After years of pumping more oil and gas, Western energy giants like BP, Royal Dutch Shell, Exxon Mobil and Chevron are slowing down production as they switch to renewable energy or cut costs after being bruised by the pandemic. But that doesn’t mean the world […]
Petrobras Divests Bahia Terra Cluster
(Petrobras, 14.Oct.2021) — Petrobras, regarding the pieces of news in the media about the sale of onshore production fields, located in the RecĂ´ncavo and Tucano Basins, in the state of Bahia, jointly called the Bahia Terra Cluster, clarifies that it has received binding offers from potential interested parties in the […]
NRGBriefs: Brazil Eyes Vaca Muerta Gas
(Energy Analytics Institute, 11.Oct.2021) — Energy briefs including Argentina looking to send Vaca Muerta gas to Brazil; US-based Talos Energy setting date for 3Q:21 conf. call; and more. LATIN AMERICA AND THE CARIBBEAN Brazil — Brazil’s Foreign Minister Carlos França expressed “enthusiasm” over a deal w/ Argentina to allow for […]
Petrobras Picks PetroRio As Top Bidder For Albacora
(Reuters, 7.Oct.2021) — Brazil state oil giant Petrobras has chosen a consortium of PetroRio SA and Cobra, a subsidiary of France’s Vinci SA, as the top bidder for its Albacora offshore oilfield, four people with knowledge of the matter said. The PetroRio-Cobra bid topped a competing offer placed by a […]
Brazil’s 2022 Presidential Vote: ‘Fascism Or Democracy’
(Euronews, 7.Oct.2021) — Brazil’s 2022 presidential election will be ballot between “fascism and democracy”, former leftist leader Luiz Inacio Lula da Silva told Euronews, as he mulls mounting a challenge against incumbent Jair Bolsonaro. Lula, 75, led the Latin American country between 2003 and 2010, introducing popular social measures that […]
Only Shell, Ecopetrol Place Bids In Brazilian Oil Round
(Reuters, 7.Oct.2021) — Brazil failed to sell off exploration and production rights in the most promising offshore oil blocks up for sale on Thursday, as its first oil auction since the start of the COVID-19 pandemic brought just 37.1 million reais ($6.7 million) into state coffers. In total, there were […]
Petrobras Says 2022-26 Budget Under Preparation
(Petrobras, 6.Oct.2021) — Petrobras says its Strategic Plan 2022- 26 (SP 2022-26) is under preparation. Following the previous years, in SP 2022-26 the company intends to present its production curve, the plan’s financing, as well as the investment projection (CAPEX), including the amount to be spent each year and the […]
Cosan Joins US Climate Tech Fund
(Reuters, 6.Oct.2021) — Brazilian energy company Cosan SA (CSAN3.SA) has joined the U.S.-based Fifth Wall Climate Tech Fund as an investor and partner in a deal that also gives it preferential access to investments in startups developing lower carbon solutions. Cosan is one of Brazil’s largest corporations, controlling the country’s number 1 […]
NRGBriefs: ANH Eyes 17th Bid Round
(Energy Analytics Institute, 6.Oct.2021) — Energy briefs including Brazil’s ANP holding its 17th bid round; Ecuador’s oil production holding steady; Panama’s Generadora GatĂşn natural gas power plant expecting to start providing electricity in 2024; and more. LATIN AMERICA AND CARIBBEAN Brazil — Brazil’s ANP will hold its 17th Round of […]
Petrobras Releases Teaser For GOM E&P Assets
(Petrobras, 4.Oct.2021) — Petrobras started the opportunity disclosure stage (teaser), regarding the sale of the entire 20% stake held by its subsidiary Petrobras America Inc. (PAI) in the company MP Gulf of Mexico, LLC. (MPGoM), located in Texas, USA, which owns offshore fields in the Gulf of Mexico. The teaser, […]
CNODC Yet To Express Interest In BĂşzios Field
(Petrobras, 4.Oct.2021) — Petrobras, following up on the release disclosed on 29 September 2021, informs that the partner CNODC Brasil PetrĂłleo e Gás Ltda. has not expressed interest in exercising the option to purchase an additional share of 5% in the Production Sharing Contract of the Transfer of Rights Surplus, […]
Petrobras Concludes Obligations In DOJ Deal
(Petrobras, 4.Oct.2021) — Petrobras concluded the obligations set forth in its agreement with the U.S. Department of Justice (DOJ), previously disclosed in its 27 September 2018 release. The non-prosecution agreement, which related to Petrobras’ internal controls, accounting records, and financial statements during the period from 2003 to 2012, included certain […]
Petrobras Won’t Artificially Control Fuel Prices
(Reuters, 2.Oct.2021) — Petrobras (PETR4.SA) Chief Executive Officer Joaquim Silva e Luna said there was “zero” risk that the state-run Brazilian oil company would seek to artificially control fuel prices even amid growing public outrage over inflation. Petroleo Brasileiro, as the company is formally known, will have to raise gasoline […]
NRGBriefs: YPF’s 3Q:21 webcast, PGF’s global notes
(Energy Analytics Institute, 30.Sep.2021) — Energy briefs including Argentina’s YPF announcing details of its 3Q:21 webcast, Petrobras Global Finance B.V. (PGF) on settlement of early redemption of global notes, and refining worker detentions in Venezuela, among other updates. LATIN AMERICA AND CARIBBEAN Argentina
Petrobras Halts Gas Production A Manati Field
(Petrobras, 29.Sep.2021) — Petrobras announced that on Monday 27 September 2021 gas production was halted at the Manati field, located in the Camamu Basin, in the state of Bahia, due to a leak in the onshore portion of its export pipeline. The pipeline’s operation was interrupted, with teams being mobilized […]
Petrobras On Expression Of Interest In BĂşzios Field
(Petrobras, 29.Sep.2021) — Petrobras, following up the release disclosed on 24 August 2021, informs that the partner CNOOC Petroleum Brasil Ltda. expressed interest in exercising the option to purchase an additional share of 5% in the Production Sharing Contract of the Transfer of Rights Surplus, for the BĂşzios field, in […]
Petrobras Expands Social Actions
(Petrobras, 29.Sep.2021) — Petrobras‘ Board of Directors approved the allocation of R$300mn, over a period of 15 months, for the creation of a social program to support families in situations of social vulnerability to contribute with access to essential inputs, focusing on liquefied petroleum gas (LPG), popularly known as cooking […]
Petrobras Inks Deal For Leasing Of Bahia LNG Terminal
(Petrobras, 28.Sep.2021) — Petrobras, following the release disclosed on 26 August 2021, signed with Excelerate Energy Comercializadora de Gás Natural Ltda. the lease contract of the LNG Regasification Terminal of Bahia (TR-BA) and associated facilities, in the amount of approximately R$102mn, effective until December 2023, in addition to other ancillary […]
Brazil Gas Disputes Rise As Open Market Nears
(Argus, 27.Sep.2021) — Tensions are mounting in Brazil’s natural gas industry among players eager to maintain their positions or broaden their stakes as the country’s gas market prepares to open up in January. Disputes in the new Brazilian gas sector are on the rise and may well end up in […]
Brazil Gas Disputes Rise As Open Market Nears
(Argus, 27.Sep.2021) — Tensions are mounting in Brazil’s natural gas industry among players eager to maintain their positions or broaden their stakes as the country’s gas market prepares to open up in January. Disputes in the new Brazilian gas sector are on the rise and may well end up in […]
ANP Publishes Production Related Resolution
(Energy Analytics Institute, 24.Sep.2021) — Brazil’s oil regulator ANP published on 24 September 2021 Resolution No. 852/2021, which regulates activities related to the production of oil products and natural gas, as well as their storage, sell, and provision of services. The resolution will take effect on 1 October. The objective […]