The National Petroleum Agency (ANP) recently announced plans for a special PSC tender on 28 October, in which the transfer-of-rights excess oilfields will be auctioned. This was an optimistic move,…
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President Michel Temer’s government is expanding efforts to liberalize energy policy, but opposition is also coalescing. Officials are looking to privatize state-controlled electricity company Eletrobras and allow Petrobras to sell…
Petrobras’ plan to divest its natural gas pipeline and distribution companies was recently forced back a step. The company’s proposed sale of its residential gas distributor Liquigas for $820bn to…
Last week, the Chamber of Deputies voted to prevent the corruption charge against Temer from advancing to the Supreme Court for consideration. 263 deputies voted in favor of Temer, while…
On 22 June Petrobras CEO Pedro Parente stated that he will soon ask the board to deliberate on an IPO for the company’s distribution arm, BR Distribuidora. In statements later…