Petrobras: Lower Profit in 1Q24 The company reported net income of US$ 4.61 in 1Q24, down 23% from 4Q23 and 37.9% off the same quarter last year
Brazil 2nd Largest Importer of Russian Maritime Fuel in 2023 With sanctions imposed on Russia by the G7, the EU and Australia, Brazil and Saudi Arabia increased their imports of the product, replacing France and Germany
Petrobras Seeks Chinese Financing for E&P Projects Representatives went to banks to demonstrate the opportunities in Brazil but no contracts were signed
ANP Publishes 1st Annual Technology and Environment Report The document details investments made under the RD&I clause, showing projects, accredited institutions and results, and lists new challenges
3R Reports April O&G Production Growth The Potiguar complex recorded the largest quarterly increase, while Papa-Terra volumes saw the largest decline.
Class Action Against Ream and ANP The lawsuit was filed due to the lack of mandatory information on the refinery's derivatives production and delays in providing the information
Petrobras Announces Natural Gas Price Reduction The measure could result in a declie of up to 35% in the price of the molecule
ANP Okays Annexation of Petrobras' Recôncavo Basin Areas With the annexation of the Cidade de Entre Rios field to the Riacho Ouricuri field, the new area will be 11,359 km²
Compagas Launches Paraná Sustainable Corridor It involves eight gas stations for heavy-duty vehicles that are now in operation.
Bahia O&G Energy Should Generate +US$ 20 M The second annual event, to be held in Salvador May 22-24, will feature new players
Ibama Issues Installation Permit for FPSO Maria Quitéria The platform will operate for Petrobras in the Jubarte field, in the northern part of the Campos Basin, as of 2025
SBM Proceeding with Building FPSOs for Búzios and Mero In its quarterly results report, the company noted that the Almirante Tamandaré and Alexandre de Gusmão FPSOs remain on schedule for first oil in 2025
Prio: No Date Yet for Wahoo First Oil However, CEO Roberto Monteiro believes there is a good chance that it will still come in 2024
Global Oil Demand:10% Could Come from Brazil in 2050 The estimate is from a COPPE/UFRJ study whose results will be presented at the 2nd edition of the ESG Energy and Business event
RodOil Donates Gasoline to Rescue Boats in Rio Grande do Sul The fuel distributor initially donated more than 5,000 liters of gasoline to supply the boats rescuing storm victims
Retailers Linked to Distributors Dominate Free Energy Market Consultant's study shows that in some cases, such as in the state of Amapá, the retailer linked to the distributor holds 100% of the contracts
Cemig Reinforces Support for Rio Grande do Sul The concessionaire will provide five generators, five UTVs, technicians and engineers to bolster the resources of Equatorial CEEE
Cemig Invested US$ 200 M in Minas Gerais in 1Q24 Concessionaire expects to infuse more than US$ 1.2 B in the state by the end of the year; net profit in quarter down 17.5% from 1Q23
Statkraft Brazil Boosts Generation by 77.6% in 1Q24 The company also posted a 6% increase in net revenue compared to the same period last year
GoodWe and Aldo Solar Sign DG Market Partnership The proposal seeks to strengthen a presence in the distributed generation market and leverage the efficiency of solar projects
77Sol Photovoltaic Sales Surge 337% in 1Q24 Growth reflects the fall in solar panel prices in the country and a scenario conducive to investment in own energy generation
Light Signs Preliminary Agreement with International Creditors A meeting is scheduled for May 29, and the process represents 41.13% of the company's total oustanding debt
RS Gradually Restores Electricity After Catastrophic Floods Currently, 162 cities are affected by the disastrous flooding-provoked blackout, the worst ever in the state’s history
Itaipu Director-General Defends Tariff Agreement It is beneficial for Brazilian consumers as it does not allow for adjustments over the next three years, says Enio Verri
Eneva To Promote Decarbonization Innovation The company has 12 R&D projects for which it plans to allocate US$ 3.93 million, with blue and green hydrogen initiatives standing out
ONS Establishes Special Operation for Rio Grande do Sul Operator details efforts to meet demand in wake of flooding catastrophe
Brazil Trails Only China for Wind Power Increase in 2023 For the first time, renewable sources accounted for more than 30% of global electricity, with the country also excelling in solar generation
Gov’t Maps Solutions for Data Center Demand Data shows the expected load for equipment will increase in the coming years, considering only projects in São Paulo, Rio Grande do Sul and Ceará
Cemig and Celesc Mobilize to Help Rio Grande do Sul The utilities provided air transport and organized a solidarity campaign, respectively
Eletronuclear Transfers Fuel Elements The second campaign will transport material to the Spent Fuel Complementary Dry Storage Unit inside the Angra nuclear plant