(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 leniency agreement entered into by Technip Brasil and Flexibras (companies of the Technip Group). Petrobras had already received the first […]
Category: Brazil
Brazil energy
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 open the commercial proposals of the bidders interested in leasing the Bahia LNG Regasification Terminal (TR-BA) and associated facilities, with […]
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 mÂł/d (4.75 Bcf/d) in May, preliminary data from Brazil’s oil and gas regulator ANP shows. The country’s record production level set […]
Petrobras Inks Deal For The 8th BĂşzios 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 be installed in BĂşzios field, in the Santos Basin pre-salt area. With capacity to process 180,000 barrels of oil per […]
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 to any and all of PGF’s outstanding notes of the series set forth in the table below (the “Notes” and […]
Petrobras Inks BĂşzios Coparticipation Deal
(Petrobras, 11.Jun.2021) — Petrobras signed with PrĂ©sal PetrĂłleo S.A. (PPSA) and its partners CNODC Brasil PetrĂłleo e Gás Ltda. (CNODC) and CNOOC Petroleum Brasil Ltda. (CNOOC) the BĂşzios Coparticipation Agreement, which will regulate the coexistence of the Transfer of Rights Agreement and the Production Sharing Contract for the Suplus of […]
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), clarifies that, as disclosed on 26 August 2020, the company’s Board of Directors approved, on that date, the mentioned operation, […]
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. Seismic acquisition is an important tool for managing the deposit (reservoirs) and optimizing production systems, seeking to maximize the value […]
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 for the sale of Landulpho Alves Refinery (RLAM) to Mubadala Capital. The transaction is still subject to the elapse of […]
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 that the company has defined the sales model for these assets and the percentages to be sold. Petrobras, as part […]
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 rig Mærsk Developer. The work is expected to commence in the second half of 2022, in direct continuation of the […]
Final Investment Decision for Bacalhau Phase 1 in Brazil
(Equinor, 1.Jun.2021) — Equinor (operator) and ExxonMobil, Petrogal Brasil and PrĂ©-sal PetrĂłleo SA (PPSA) have decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area. The investment is approximately 8 billion USD. “This is an exciting day. Bacalhau is the first greenfield development by an […]
GoldMining Initiates Preliminary Economic Assessment For The SĂŁo Jorge Project
(GoldMining, 1.Jun.2021) — GoldMining (TSX: GOLD) (NYSE American: GLDG) is initiating a preliminary economic assessment (PEA) on its 100% owned SĂŁo Jorge Gold Project in Pará State, Brazil and announces the results of an updated Mineral Resource Estimate (MRE). Highlights: Indicated Mineral Resources of 0.71 million ounces gold (14.27 million tonnes grading […]
Brazil Faces Worst Dry Spell In 91 Years
(Reuters, 28.May.2021) — Brazil’s government agencies warned of droughts this week as the country faces its worst dry spell in 91 years, increasing fears of energy rationing, hitting hydroelectric power generation and agriculture while raising the risk of Amazon fires. Late on Thursday, the Electricity Sector Monitoring Committee (CMSE), which […]
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 pipeline, three people with knowledge of the matter told Reuters this week. Petroleo Brasileiro SA, as Brazil’s state-run oil company […]
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 Questions and Answers Call Participants Prepared Remarks: Carla Dodsworth Albano Miller — Investor Relations Executive Manager Good morning, everyone. Welcome […]
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 with April 2019, without the impacts on demand resulting from the pandemic, there was a growth of 12%. Also in […]
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 and Biofuels (ANP) approving a green diesel resolution. Chile Approves First Green Hydrogen Project Chile’s Environmental Commission for the Magallanes […]
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, recognized in the amount of R$314mn. The agreement establishes the payment to Petrobras of R$132.6mn unconditionally, to be settled in […]
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 QuĂmica S.A. for the leasing of the TermoCamaçari Thermoelectric Plant (UTE TermoCamaçari), located in the state of Bahia, has ended unsuccessfully. Thus, the company will begin the decommissioning […]
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 in English, the company announced 10 May 2021 in an official statement. The state oil giant will use the Microsoft […]
Petrobras Inks Deal For 7th BĂşzios 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 BĂşzios field, in the Santos Basin pre-salt area. With processing capacity of 180 thousand barrels of oil per day and 7.2 million cubic meters of gas per […]
Brazil LNG Demand Heading For Record Year
(Argus, 10.May.2021) — Brazil is on track to import a record volume of LNG this year because of persistent dry weather coupled with the commissioning of new LNG-to-power projects. As arid conditions dragged on into April, the electricity sector monitoring committee (CMSE) cleared the dispatch of thermoelectric plants and electricity […]
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 in Norway) to finance the construction of its Lar do Sol – Casablanca project, a 359MWp solar project to be […]
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% higher than 4Q20, mainly due to: (i) better spreads for PE, PP and main chemicals in Brazil, for PP in the United […]
![LatAmNRG briefs: Ecopetrol results [PDF download]; roadblocks in Neuquén](https://energy-analytics-institute.org/wp-content/uploads/2020/04/planta_refineria_ecopetrol_barrancabermeja.jpg)
LatAmNRG 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 outrage related to ongoing roadblocks in Argentina’s NeuquĂ©n province. Ecopetrol Reports Strong 1Q:21 Financial Results [PDF Download] Colombia state-controlled oil […]
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 chief executive, Roberto Monteiro, said on Tuesday. The offer phase for Albacora is expected to be in July, Monteiro said […]
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 price, a pricing alternative with less volatility, without giving up the alignment with international prices. The new model will be […]
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 of 51% in Transportadora Brasileira Gasoduto Bolivia-Brasil S.A. (TBG) and 25% in Transportadora Sulbrasileira de Gás S.A. (TSB). Potential buyers […]
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 Escopo Energia, spoke to Argus about Brazil’s prospects for this emerging industry. What advantages does Brazil offer for developing green […]
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 company, as disclosed in the Strategic Plan 2021-2025. However, there is still no definition or decision about the sale model. […]
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 of $3.25bn, for two more years. Thus, 63% of the total amount of the credit line, that is, $2.05bn, can […]
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 analyst during a conference call on 30 April 2020. In Guyana, the executive said the following: the 5th and 6th […]
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 Healthy Reefs for Healthy People (HR4HP) Initiative, led by the Smithsonian National Museum of Natural History, to help address three […]
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 said at his swearing-in ceremony on Monday. The comments by the former army general signaled that Petrobras’ incoming administration will […]
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 initiative trains workers at the cooperatives in proper practices and protocol. Elizabete Rocha, president of Futura Cooperative, says that in the past […]
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 Luna and Aker Solutions in Brazil celebrating the last delivery marking the end of the Mero 1 project. Petrobras Hosts […]
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 of Directors, as part of the process of composing the Petrobras´ Board of Executive Officers, also approved the following appointments: […]
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 securities filing on Friday. The board also elected new heads of the company’s upstream, logistics and production development divisions, as […]
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 PetrĂłleo Ltda. (20%), Total E&P do Brasil Ltda. (20%), CNODC Brasil PetrĂłleo e Gás Ltda. (10%) and CNOOC Petroleum Brasil Ltda. (10%), having PrĂ©-Sal PetrĂłleo S.A. (PPSA) as contract manager, notified […]
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 (TR-BA) and associated facilities, in the State of Bahia, in line with the Agreement for the natural gas market, entered […]
Petrobras On Resignation Of BODs 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 in the Extraordinary General Meeting of 12 April 2021. In the terms of the resignation letter, the member of the […]
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 net zero carbon emissions by 2060. Like most of the world, Brazil late last year submitted an updated commitment under […]
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 of the 2020 fiscal year results forwarded by the Board of Directors, of remuneration to shareholders in the form of […]
Energy Analytics Institute’s SPonsor ADvertiser (SPAD) Promo Video
HOUSTON, TEXAS (Energy Analytics Institute, 31.Dec.2021) — Energy Analytics Institute (EAI), which provides breakings news coverage of energy markets primarily in Latin America and the Caribbean, revealed its latest promo video related to its media kit 2021/22 and SPonsor and ADvertiser (SPAD) opportunities. ____________________ By Rafael Hurtado, Lilly Chistine, Chad […]
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 Monday. The heavy oil field in the Campos basin was shut in April last year due to a rupture of […]
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 some investors threatens to drag out the transition process. The dismissal of Castello Branco, while widely expected, is an important […]
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 – and unwelcome. President Jair Bolsonaro announced the 71-year-old Luna would take the helm of Petroleo Brasileiro SA, as the firm […]
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 can reduce supply from hydroelectric plants, which account for roughly two-thirds of the power grid’s output. Now the country is […]
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 2022. The FPSO will be installed in the Mero field, which belongs to the Libra Block, in the Santos Basin […]