July 15, 2019 The opening of the natural gas market is expected to take some years to materialize, but the compromise agreement signed between Petrobras and the Administrative Council for Economic Defense (Cade) to reduce the company's presence in the sector promises to move the private initiative in the short term. According to analysts, companies... Continue Reading →
Thermoelectric plants consolidates Macaé as new energy hub
July 12, 2019 This week, projects to implement two new thermoelectric power plants in Macaé will be presented at a public hearing, held by IBAMA, at the Convention. The licensing of the Jaci and Tupã units, created by Global Participações em Energia (GPE), consolidates the National Petroleum Capital as a national hub for energy production,... Continue Reading →
Storm Barry shuts 72 pct of U.S. Gulf of Mexico oil production
More than 70 percent of the U.S. Gulf of Mexico oil production remained shut on Sunday after the oil operators had shut facilities and evacuated offshore workers ahead of the Hurricane Barry. Hurricane Barry made landfall in Louisiana on Saturday and has since weakened into a tropical storm. According to a CBS report on Saturday,... Continue Reading →
EIA: Growth in Argentina’s Vaca Muerta shale, tight gas production leads to LNG exports
Argentina’s domestic natural gas production has been rising steadily in the past three years, largely because of increasing production from the Neuquén basin’s Vaca Muerta shale and tight gas play. Production from Vaca Muerta surpassed 1.0 Bcfd in December 2018. As production has grown, Argentina has resumed exporting natural gas by pipeline to neighboring Chile... Continue Reading →
Changes at ANP
July 12, 2019 The Superintendency of Exploration (SEP) of the ANP will begin to be commanded, as of July 25, by Marina Abelha Ferreira, who will leave the position of deputy superintendent. She will replace Raphael Neves Moura. "The change is part of a rotation process recently implemented by the board," director Jose Cesario Cecchi... Continue Reading →
Prysmian Group inaugurates its new Latin American headquarters in Brazil – press release
Group invested 150 million BRL to expand unit in Sorocaba-SP The Prysmian Group, world leader in cables, power and telecommunications systems, officially inaugurated its new Latin America headquarters in the city of Sorocaba, in the countryside of São Paulo, on Wednesday, July 10th. To celebrate the occasion, Global CEO Valério Battista and company executives met... Continue Reading →
Prysmian Launches New Latin America HQ in Brazil
Italian cabling and fiber-optics giant Prysmian has inaugurated its South America regional headquarters with the expansion of its Sorocaba factory in the region of Brazil’s São Paolo province. Prysmian is thus leaving its Santo André facility and integrating the Prysmian and General Cable organisations into the new Sorocaba headquarters, built for an investment of approximately... Continue Reading →
Offshore supply vessel transforms into luxurious super yacht
Voyager Maritime Alliance Group (VMAG) has completed USA’s largest-ever offshore supply vessel to super yacht conversion. VMAG’s so-called ‘Big Project’ entailed the conversion of a former offshore supply vessel to a super yacht. According to the company, it is the biggest project in its 30-year history. The former offshore supply vessel drastically changed shape since... Continue Reading →
Harvey Gulf opens subsidiary in Guyana
U.S.-based marine transportation company Harvey Gulf has opened an office in Georgetown, Guyana. The company has this week established a subsidiary named Guyana Offshore Vessel Service Incorporated. The company is targeting 100 percent Guyanese recruitment. Continue reading
Brazil Finally Delivered on Pensions. Now Comes Everything Else
Overhauling the bloated public pension system has been a ubiquitous topic among Brazil investors for years now, the change nearly every money manager would cite when asked what the country needed most. Now that it’s finally here, traders seem to want a whole lot more. The revamp, which is expected to save the government almost... Continue Reading →
Brazil Energy Insight 