Brazil: growth, adaptive capacity & new green technologies

environmental opportunities and antagonisms for Brazil in the 21st Century

Archive for Petrobras

Financial Crisis and Brazil pt.II, poll

The real, which on Thursday closed at R$2.36 against the dollar after the Banco Central’s announcement that it was putting US$50 bn into the currency futures market, may have reached fair value after a long period of overvaluation, according to John Authers.

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Petrobras, Tupi, legacy

New oil finds in the Tupi field off the coast of Rio de Janeiro have initiated a protracted debate about whether the government should create a new state owned oil company to feed revenue into social programs. An Economist piece summarises the debate here. Petrobras, still 40% State owned… Read the rest of this entry »

Gas contract with PdVSA

Brazil announced a contract to import up to 1 million tonnes of liquid natural gas from Venezuela per year from 2013.This comes after warning this week about shortages in Sao Paulo impacting on productivity with businesses reluctant to commit resources with energy shortages looming.