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(Reuters) - The Brazilian subsidiary of Royal Dutch Shell (RDSa.L) will invest 3 billion reais ($565 million) in renewable energy in the country through 2025, executives said on Tuesday. Most of the capex is related to solar energy projects, the executives said. The head of renewable development for Latin America, Gabriela Oliveira, said Shell has 2GW of... Continue Reading →
(Reuters) - Brazil's central bank has put itself on the front line of the global battle against inflation, but its aggressive monetary tightening risks choking the economy. With annual inflation at 10%, the central bank will fail to meet its 3.75% central target this year and possibly next year's 3.50% goal too. A chronically weak... Continue Reading →
(TNPetroleo) Oil States Brasil enters into a new contract with Petrobras for the maintenance and operation of dual bore completion risers, including accessories and peripherals such as elevator, spider, torque wrench, boxes, handling and test tools, adapters, pins, test caps, among others. The contract, which will last for 3 years, will all be performed in... Continue Reading →
Karoon Energy sees strong growth prospects in Brazil, where it started producing oil last year, working to more than double output by 2023 and considering two options to develop another field by mid-decade, its chief executive said on Monday. Karoon produced an average of just over 13,000 barrels per day (bpd) in the eight months... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras announces its ambition to achieve net zero greenhouse gas emissions from operations under its control (scopes 1 and 2), and its intention to leverage its influence to achieve the same in non-operated assets, in a timeframe compatible with that established by the Paris Agreement. The decision is part of the... Continue Reading →
(Reuters) - Brazil's leftist former President Luiz Inacio Lula da Silva remains ahead of far-right President Jair Bolsonaro by a significant margin in voter preferences for the 2022 elections, a survey by pollster Datafolha showed on Friday. Voter support for Lula slipped to 44% from 46% in July, and Bolsonaro gained a percentage point to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/28/2021, informs that it has concluded the non-binding phase initiated on 07/08/2021 related to the sale of its entire 27.88% equity interest in Deten Química S.A. (Deten), located in the industrial complex of Camaçari, in the state of Bahia. The company is starting... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it published today the call for the exceptional access process to the Pecém Liquefied Natural Gas Regasification Terminal, in the State of Ceará (TR-PECEM) and its associated facilities. This process aims to comply with the determination of the Chamber of Exceptional Rules for Hydropower Management (CREG), in accordance... Continue Reading →
(TNPetroleo) GNA - Gás Natural Açu, a joint venture formed by BP, Siemens, SPIC Brasil and Prumo Logística, controlled by EIG Global Energy Partners, announces that the National Electric Energy Agency (Aneel) released this September 16 ), all the generating units that make up the UTE GNA I for the start of commercial operation. Totaling... Continue Reading →
FPSO operator SBM Offshore has completed the project financing of FPSO Sepetiba for a total of $1.6 billion, which is the largest project financing in the company’s history. The project financing was secured by a consortium of 13 international banks with insurance cover from Export Credit Agencies (ECA): Nippon Export and Investment Insurance (NEXI) and... Continue Reading →
Brazil Energy Insight 