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Inflation in Brazil is on course to fall to an all-time low this year as Latin America’s largest economy sinks, giving the central bank leeway to keep interest rates lower for longer or reduce them closer to zero. The crisis unleashed by COVID-19 will likely cause the biggest fall in gross domestic product since records... Continue Reading →
Company uses new technologies to reinforce its safety culture Innovation has been an important ally for Wilson Sons in the success of its Health, Safety, and the Environment (HSE) programme. With a fleet of 80 tugboats, the largest in Brazil, the Company has been able to reduce the rate of lost- time accidents by more... Continue Reading →
June 9, 2020 The decision of the National Energy Policy Council (CNPE) to authorize the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to reduce royalties to the legal minimum of 5% in small or medium-sized company fields, can benefit - if current rules are maintained - 24 companies that operate mainly on the... Continue Reading →
June 10, 2020 Petrobras started its first drilling campaign in block C-M-657, in the ultra-deep waters of the Campos Basin pre-salt. Well 1-BRSA-1376D-RJS, on the Naru prospect, is drilled in a water depth of 2,892 m. Originally scheduled for May, the campaign had to be postponed to the first week of June due to the... Continue Reading →
June 10, 2020 Adriano Bastos will leave the command of BP Brasil to direct the E&P activities of the British oil company in West Africa. Confirmed by sources to PetroleoHoje, the change will take effect in July. BP is still analyzing names to replace the executive. As of next month, Bastos is the new president... Continue Reading →
June 10, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it signed new long-term contracts for the supply of petrochemical naphtha with Braskem S.A. ("Braskem") for the units in the states of Bahia and Rio Grande do Sul. The contracts come into force after the current contract closes in December 2020, and have a term... Continue Reading →
June 10, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has filed its 2019 Sustainability Report today. In addition to presenting Petrobras' operational, economic, social, environmental, and governance performance in 2019, the report also includes data regarding the first months of 2020, especially regarding the effects of the Covid-19 pandemic on the company and... Continue Reading →
Brazilian oil workers' union and oil company Petrobras have this week dismissed reports of a helicopter crash in the Campos basin, as fake news. Union SindipetroNF issued a statement is which it said that the "news published in some media on Monday, 08", that a Petrobras helicopter crashed into the Campos Basin was "Fake News."... Continue Reading →
June 10, 2020 Petróleo Brasileiro S.A. – Petrobras, in reference to the press released on 06/01/2020, regarding the sale of a part of its interest in the exploratory blocks belonging to the ES-M-596_R11, ES-M-598_R11, ES-M-671_R11, ES-M-673_R11 and ES-M-743_R11 concessions, located in the Espírito Santo Basin, hereby discloses to the interested parties that the deadline for... Continue Reading →
Royal Dutch Shell PLC is ready to start negotiating with potential clients the sale of future solar power on Brazil’s free energy market from its first farms due to start operating in 2023, Shell’s solar business development manager for Latin America said. In a telephone interview on Monday, Maria Gabriela da Rocha said the startup... Continue Reading →
Brazil Energy Insight 