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Brazil


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…

Brazil’s August LNG imports up 48% on month

Brazil’s August LNG imports up 48% on month

Imports of liquefied natural gas in Brazil reached 1.497 million cubic meters, the second highest imports on record after March 2014. This 48% rise is due to drought that has caused the nation’s hydroelectric reservoirs to dip to extreme lows. The reservoirs current capacity is at 30% leaving Brazil with no choice but to import…

Brazil’s ANP attempts to drum up interest in marginal oil fields

by Jeff Fick, Platts, August 6, 2014 Brazil’s National Petroleum Agency, or ANP, has opened data rooms for 10 onshore blocks holding marginal accumulations of oil in an attempt to generate interest from small and medium producers, the regulator said. The ANP will make seismic surveys and well-performance data available to interested companies at the…

Petrobras sets new presalt production records in June

Offshore Staff, Offshore Magazine, July 21, 2014 RIO DE JANEIRO – Petrobras’s June oil production in Brazil averaged 2,008,000 b/d, up 1.7% from May’s production of 1.975 MMb/d. Including production operated by Petrobras for its partners in Brazil, the volume reached 2,135,000 b/d, up 2.1% from last month’s production of 2,092, b/d. In June, presalt…

New thermal plant to increase LNG demand in Brazil

by Jonathan Robinson, Platts, July 18, 2014 A new natural gas-fired power plant at the Port of Suape in Brazil’s northeastern state of Pernambuco could increase LNG demand in Brazil by nearly 10,000 cu m/day (215,000 Mcf/d of gas) — the equivalent of two standard-size LNG cargoes per month. “An [LNG] regasification terminal is needed…

Brazil LNG imports up 6.4% in June

Brazil LNG imports up 6.4% in June

by Jonathan Robinson, Platts, June 17, 2014 Brazilian imports of LNG are up 6.4% so far this month, averaging 40,765 cubic meters/d in June, compared to an average 38,313 cu m/d during the prior month, according to the latest data from Platts unit, Bentek Energy. The rise in LNG imports comes as the country experiences…

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