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Brazil


China faces risks in Brazil’s energy sector

Since 2009 China has invested over $10 billion for oil development in Brazil. Currently, due to price controls, local content requirements and the looming Brazilian presidential election, the investment is entering a cautious mode. by Paul Welitzkin, China Daily USA, October 12, 2014 China has put billions in Brazil’s energy sector since 2009, but a report…

Bolivia’s YPFB confirms talks with Petrobras to extend natural-gas supply deal

Petrobras is in talks with its Bolivian counterpart Yacimientos Petroliferos Fiscales Bolivianos to extend the natural-gas supply contract that is set to expire in 2019. The new contract will cover 2020 and beyond. Petrobras currently imports around 30 million cubic meters of natural gas a day from Bolivia due to the fact that Brazil is…

Brazil’s natural gas demand rises 12.5% year-to-date through August

Brazil’s natural gas consumption is up 12.5% from January through August when compared to the same period of 2013. The Brazilian Association of Piped Gas Distributors released the figures Thursday stating that nationwide consumption of natural gas reached an average of 81.67 million cubic meters. The rise is caused mainly by gas-fired thermoeletric plants which…

Petrobras’ Sergipe-Alagoas discoveries hold light oil, condensate

Brazilian state-run oil company, Petrobras has discovered very light oil in the Sergipe-Alagoas Basin off the northeast coast. The oil has been rated with an API anywhere from 39 to 44, averaging at about 40 API. The string of six discoveries is helping out the country by creating exploration buzz. by Jeff Fick, Platts, September 18,2014…

NPD Solarbuzz: Latin America, Caribbean Region to install 9 GW of solar PV within five years

Solar photovoltaic technology is increasing rapidly across the Latin America and Caribbean region. Currently the region exceeds 22 gigawatts of solar PV pipeline across all phases of development. Within the next five years, 9 more gigawatts of projects will be installed. The region is a good candidate for PV pipelines because the region currently has…

Brazil ‘falling off world oil map’ over failed policies

Due to the increased costs, reduced efficiency, and increased risk resulting from Brazil’s energy policies, investors are beginning to lose interest. Countries like Mexico, Iran, Iraq and Algeria are causing Brazil to lose out because investors are more attracted to their policies that are more welcoming to private sector investment. The IBP has stated that…

Brazil to export up to 2 million b/d by 2018-2020

Brazil’s ANP announced that growing production from the country’s subsalt oil fields will make the country a large crude oil exporter. Exports are expected to be anywhere from 1.5 million to 2 million bpd by the year 2022. The increase in sales should generate up to $65 billion positive impact on Brazil’s trade balance. by Jeff…

Brazil confirms Amazon deforestation sped up in 2013

It has been confirmed that last year there was a 29 percent spike in deforestation of the Amazon rainforest. This marks a reversal in gains the rainforest has been seeing since 2009. The largest increases in deforestation occurred where most of Brazil’s agricultural expansion is taking place in the states of Para and Mato Grosso….

Brazil Says Oil Output To More Than Double In 10-Year Plan

Brazil plans to reach oil and gas production of 5 million bpd by 2023, after receiving $550 billion in investments. A 10-year plan released Wednesday revealed that 63 percent of these investments will go to oil and gas. In addition to the increase in production, expected exports in 2023 should reach 1.5 million bpd. by Reese…

LatAm woos foreign oil firms but state looms large

Some of Latin America’s major oil producers, including Mexico, Brazil and Argentina, are asking for help to tap hard-to-reach crude. A lack of technology is preventing these firms from reaching deep water reserves causing Latin America’s oil producers to seek help. Mexico is the first to open its sectors to foreign investment, ending a 76-year…

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