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A Brazilian judge on Tuesday granted bankruptcy protection to engineering group Odebrecht, beginning the process of restructuring 51 billion reais ($13 billion) of debt. Odebrecht, which was laid low by a corruption investigation that has rippled across Latin America, filed for bankruptcy protection on Monday, kicking off one of Latin America’s largest, in-court debt restructurings.... Continue Reading →
June 17, 2019 Gas-to-power projects could be a new anchor for the development of natural gas project production in the country, estimates Thiago Teixeira, the deputy superintendent of Petroleum of the Energy Research Company (EPE). The EPE superintendent has shown that the development of natural gas production in the pre-salt will require additional infrastructure with... Continue Reading →
June 17, 2019 The development of Equinor's natural gas exploration and production projects in Brazil should focus on supplying the internal energy market. The evaluation is by Thiago Penna, Manager of Strategy and New Business, who participated in the third edition of the O & G Regulation International Benchmark Forum, organized by IBP and OGE... Continue Reading →
June 17, 2019 Brazil will have demand for the construction of four new refineries by 2040. The estimate, presented by Marcelo Cavalcanti, deputy superintendent of the Energy Research Company (EPE), is that the country will need to jump its refining capacity from the current 2.34 million barrels per day to 3.27 million barrels per... Continue Reading →
June 18, 2019 The Regulatory Agency of Energy and Basic Sanitation of the State of Rio de Janeiro (Agernesa) will evaluate, this Tuesday the regulatory process to modernize and harmonize the regulation of the services of distribution and commercialization of natural gas for auto-producer, auto-importer and free consumer. The new rules promote the separation of... Continue Reading →
MDL has concluded a maiden cable lay project offshore Mexico, marking a major milestone for the Mexican subsea market. The company’s modular tensioning spread, featuring the MDL TTS-2/140 Series Tensioner, was used for the installation of a 25mm fibre optic cable on the Eni Amoca/Miztón project. Continue reading
Offshore Innovators Guyana has recruited and trained a team of five Guyanese engineers in Subsea Robotics to support deep-water operations offshore Guyana. The training was hosted by Subsea Specialist at the Deepwater Hub in Chaguaramas, Trinidad, and delivered by Carlos Sardinha of Blue Laguna Inc US. Continue reading
The OPEC+ countries will not be able to increase their collective oil production levels in the second half of 2019 without having a detrimental effect on oil prices, according to Norwegian oil and gas intelligence firm Rystad Energy. Even though a production increase is off the cards without influencing prices, Rystad Energy said on Tuesday... Continue Reading →
The Brazilian government will allow companies in the sugar and ethanol sector to raise capital for investments through the issuance of notes that are exempt from income tax, Energy Minister Bento Albuquerque said on Monday. Albuquerque and other government officials signed an order on Monday during the Ethanol Summit in Sao Paulo including the sugar... Continue Reading →
June 14, 2019 The Brazilian Natural Gas Market Competition Promotion Committee, coordinated by the Ministry of Mines and Energy (MME), ends the month of May with a positive and optimistic balance regarding the dialogues and understandings in the actions that seek to open the Brazilian gas market. It is expected that the Committee will conclude... Continue Reading →
Brazil Energy Insight 