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Al Gore Stresses Brazil’s Importance in Climate Change Battle

Former U.S. Vice President Al Gore has stated how important Brazil has been in fighting the global warming battle as it has had great success is reducing greenhouse gas emissions and slowing the rate of deforestation on the Amazon. Gore spoke at a Climate Reality Leadership Corps Training session in Rio de Janeiro on Wednesday…

Brazil October LNG imports up 102% on month

Brazil October LNG imports up 102% on month

During the month of October, imports of liquefied natural gas in Brazil rose 102% to 1,257,028 cubic meters. The high amount of imports are due to the severe drought the country is still facing. by J. Robinson, Platts, November 4, 2014 Brazilian imports of liquefied natural gas surged 102% during October totaling 1,257,028 cubic meters, up…

Brazil gives go-ahead to 31 solar parks in push for new energy

On Friday, Brazil granted contracts for the construction of 31 solar parks marking its entry into the solar power sector. This move was largely caused by the worst drought the country has faced in eight decades that has led to a huge energy crisis. The 20-year energy supply contracts are expected to start feeding the…

Offshore E&P activities ramping up in Latin America

Latin American nations are ramping up offshore exploration, development, and production activities. This increase is largely due to discovery of new reserves in Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, Peru, and Venezuela. The economic future of these countries is dependent on their under-explored hydrocarbon region. by Robin Dupre, Offshore Magazine, October 29, 2014 Offshore exploration, development,…

Brazil’s OGPar expects Tubarao Martelo output to peak at 30,000 b/d in 2016

Brazilian oil producer OGPar expects outputs from Tubarao Martelo to peak at about 30,000 barrels per day in 2016. Over the next few years, the company will invest $200 – $500 million in two additional production wells and three additional injection wells at the field in order to increase production. by Jeff Fick, Platts, October 21,…

Brazil protects giant swathe of Amazon rainforest

Tuesday, the Brazilian government announced it put an area of the Amazon rainforest under federal protection. The environmentally rich area is larger than the U.S. state of Delaware and has been named Alto Maues. Under protection as a federal reserve means that forest clearing and similar development in the area are forbidden. by Marcelo Teixeira, Reuters,…

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…

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Site Last Modified: November 12, 2014