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1/16/19 With the completion of 40 oil transhipment operations in 2018, Açu Petróleo , the partnership between Prumo Logística and Oiltanking , which operates in Porto do Açu, had a 235% increase compared to operations carried out in 2017. The company has totaled 61 operations since the beginning of its activities, and this rapid growth... Continue Reading →
Rio de Janeiro, January 16, 2019 - Petróleo Brasileiro SA - Petrobras informs that it received a letter from Mr. John Milne Albuquerque Forman resigning from his nomination, by the controlling shareholder, to be a member of the Company's Board of Directors, as disclosed in a press release of 01/14/2019. Forman thanked for the invitation... Continue Reading →
Logum, the company operating Brazil’s sole ethanol pipeline, is looking to expand the system into central Brazil to reach more plants and possibly the nascent corn-based ethanol industry, which is expected to grow. Chief Executive Wagner Biasoli told Reuters Logum has secured financing for an expansion to link new mills in the state of Minas... Continue Reading →
Ocean Infinity, a seabed survey and ocean exploration company, has informed that its partner, Cepemais, the Brazilian offshore consulting company, has been awarded a contract to provide high-resolution hydrographic mapping services to Petrobras. Ocean Infinity said on Tuesday, January 15 that the project was for the Campos, Espirito Santo and Santos basins, offshore Brazil, and... Continue Reading →
Rio de Janeiro, January 15, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that in 2018, its total production of oil and gas, including natural gas liquids (NGL), was 2.63 million barrels of oil equivalent per day (boed), of which 2.53 million boed produced in Brazil and 101,000 boed abroad. Petrobras’ own production of oil... Continue Reading →
Brazil’s power system operator has requested that 662 transformers made by General Electric Co (GE.N) be removed from the country’s grid after a number of explosions involving the devices, according to document seen by Reuters. The document, which was prepared by Brazil’s grid operator ONS and submitted to the Ministry of Mines and Energy in... Continue Reading →
One of three new board members nominated by the Brazilian government to sit on the board of state-run oil company Petroleo Brasileiro SA (PETR4.SA) was previously fined by securities regulator CVM for insider trading, according to documents seen by Reuters. The disclosure raises tough questions for new far-right President Jair Bolsonaro and Petrobras Chief Executive... Continue Reading →
Rio de Janeiro, January 14, 2019 - Petróleo Brasileiro SA - Petrobras reports that today it formally expressed to the National Energy Policy Council (CNPE) interest to exercise the pre-emption right for the 6th Bidding Round of exploration blocks under the production sharing regime, pursuant to Law 12,351/2010 and Federal Decree 9.041/2017. Considering the parameters... Continue Reading →
1/14/19 Décio Oddone, director general of the National Agency for Petroleum, Natural Gas and Biofuels (ANP), said on Friday that the permanent supply of areas should warm up the exploration dynamics in the land segment in the country in four to five years. "We expect that between four and five years we will have a... Continue Reading →
Rio de Janeiro, January 14, 2019 - Petróleo Brasileiro SA - Petrobras informs that it has received communication from its controlling shareholder, as assured by Petrobras By-Laws and Brazilian legislation, with the nomination of three new members to the Petrobras Board of Directors, Eduardo Bacellar Leal Ferreira, John Milne Albuquerque Forman and João Cox. These... Continue Reading →
Brazil Energy Insight 