Energy

• Exxon joins forces with Batista's OGX in oil auctions

  15/5/2013 | 15:42

  The Brazilian-US partnership won rights for one offshore block in the Potiguar basin and another in Ceara. Exxon, which also explored Foz de Amazonas in 2001 and 2002, will have a 50% interest in...

• Government policies may reduce Brazilian wind power's profitability

  15/5/2013 | 15:03

  Developers will be forced to install as much as 15% more generating capacity at new wind farms to compensate for the variable output from turbines, under rules announced by the Ministry of Mines...

• BG Group to focus on value after missing output targets

  14/5/2013 | 14:16

  Chief executive Chris Finlayson set a more modest 2015 output target of between 775,000 and 825,000 boe per day by 2015, up from 667,000 now. He said there would be no output targets more than two...

• Petrobras resorts to foreign debt sales

  13/5/2013 | 15:33

  The world’s biggest deepwater producer plans to borrow a total of USD $20 billion this year through bond sales and loans to help finance the oil industry’s biggest investment program....

• Oil auction will reveal investor appetite for Brazil

  13/5/2013 | 13:35

  If all areas offered in the 11 sedimentary basins are sold at the minimum price, government revenue will be R$ 627 million; not including the R$ 3 billion windfall the government will receive from...

• After 5 years, Brazil to open up oil fields

  10/5/2013 | 16:35

  The auction will offer 289 onshore and offshore areas from 11 sedimentary basins covering 155,800 square kilometres of Brazilian territory, equivalent to an area the size of Bangladesh....

• BNDES to continue funding large-scale ethanol plant

  9/5/2013 | 15:19

  The plant, which will be built in the municipality of São Miguel dos Campos in the north-eastern state of Alagoas, will produce 82 million litres of ethanol a season using cane bagasse....

• Water Utility to invest R$900 million in infrastructure

  9/5/2013 | 12:10

  According to Chief Executive Officer Ricardo Augusto Simoes Campos, the company will invest about R$ 350 million in maintaining existing assets and another R$ 100 million in organic growth. The...

• Brazilian oil assets attract Asian buyers

  9/5/2013 | 11:33

  Malaysia’s Petroliam Nasional Bhd. agreed this month to buy assets in the Campos basin from OGX Petroleo, a company owned by billionaire Eike Batista. China National Petroleum Corp. is in...

• Petrobras forecasts production figures to more than double by 2020

  8/5/2013 | 16:35

  She continued by saying that the exploration and production in the pre-salt oil fields will be the "mainstay" of the increase. At an event held in Houston, Texas, Foster said that Petrobras's...