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GE and Atlas Renewable Energy Partner to Deliver Solar Farms in Brazil

GE and Atlas Renewable Energy Partner to Deliver Solar Farms in Brazil

October 16, 2017 No Comments

Competitive with coal-based power generation, the sharply reduced solar-based electricity price continues to push boundaries of technology to further reduce the cost of energy production. With a 50 percent increase of power voltage compared to the previous versions, 1,500-volt solar technology is leading the trend to continue lowering the cost of electricity amid the increasingly […]

Shell divests its interest in Comgás

Shell divests its interest in Comgás

October 11, 2017 No Comments

Shell Gas BV, Shell Brazil Holding BV and Integral Investments BV (“Shell”) announced they have signed an agreement with Cosan Ltd. to execute an existing Put Option Agreement, which allows Shell to sell all of its 16.8% interest in Companhia de Gas de São Paulo (“Comgás”) to Cosan Ltd. Under the agreement, Shell will exchange […]

Can Mali Maintain Its Gold Mining Status?

Can Mali Maintain Its Gold Mining Status?

October 7, 2017 No Comments

Mali’s gold exports are falling, and new discoveries aren’t enough to make up for the loss of its giant legacy mines, where production is already dead or winding down, and the fate of one of the biggest of them all—Sadiola—now hangs in the balance. The world-class Sadiola gold mine needs an investment of $380 million […]

Scatec Solar and Statoil to establish partnership in Brazil

Scatec Solar and Statoil to establish partnership in Brazil

October 4, 2017 No Comments

Scatec Solar ASA (SSO) and Statoil ASA (STL) have agreed to establish a 50/50 Joint Venture to build, own and operate large scale solar plants in Brazil. The Joint Venture has an ambition to become a significant player in the Brazilian solar market. “The potential for solar energy in Brazil is substantial and together with […]

Statoil’s first solar development project

Statoil’s first solar development project

October 4, 2017 No Comments

Statoil has signed an agreement to acquire a 40% share in the construction ready 162MW Apodi solar asset in Brazil from Scatec Solar, a Norwegian independent solar power producer. The project will provide approximately 160.000 households with electricity. Statoil and Scatec Solar have also agreed on an exclusive cooperation to jointly develop potential future solar […]

Next Offshore Oil Boom is in Brazil

Next Offshore Oil Boom is in Brazil

October 4, 2017 No Comments

The Next Big Offshore Boom Is About To Happen Here Say what you will about offshore oil and gas exploration, but it’s still alive and kicking—high production costs and all. The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil. On Wednesday, the […]

TechnipFMC Awarded EPCI Contract for the Statoil Peregrino Phase II Project

TechnipFMC Awarded EPCI Contract for the Statoil Peregrino Phase II Project

September 28, 2017 No Comments

TechnipFMC (NYSE and Euronext: FTI) (ISIN:GB00BDSFG982) has been awarded by Statoil an Engineering, Procurement, Construction and Installation contract. It covers the execution of the subsea pipeline connection for the new production platform in Peregrino Phase II Project, located in Campos Basin, offshore Brazil. This new fixed platform will be connected by the in-field lines to […]

Petrobras to settle an individual action in the US

Petrobras to settle an individual action in the US

September 19, 2017 No Comments

Petrobras Board of Directors approved the signing of an agreement to end an individual action brought before the Federal Court of New York, USA, by a group of affiliates of Discovery Global Citizens Master Fund, Ltd. (“Global Discovery”). Petrobras have already entered into agreements to end nineteen other individual actions before the Federal Court in […]

Petrobras To Issue $2B New Bonds

Petrobras To Issue $2B New Bonds

September 19, 2017 No Comments

Petrobras plans to offer U.S.-dollar denominated global notes in one or more series for a total principal amount of up to US$2 billion, and to purchase or exchange five series of outstanding notes, Brazil’s state-controlled oil firm said on Monday as it seeks to cut debt and extend bond maturities. The new notes issue is […]

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Shell and Petrobras sign technical cooperation agreement

Shell and Petrobras sign technical cooperation agreement

September 12, 2017 No Comments

Memorandum of Understanding (MoU) focuses on sharing technical and cost-efficient solutions Royal Dutch Shell and Petrobras signed last week in The Hague, Netherlands, a Memorandum of Understanding (MoU) to establish a long-term mutual collaboration in developing pre-salt fields in Brazil. In true partnership spirit between two of the world’s largest energy companies, Shell will benefit […]

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