Tag Archives | Brazil

Brazil’s Hot, Dry Summer May Lead to Energy Rationing

Brazil faces the possibility of widespread energy rationing for the first time since 2001, as a hot, dry summer has deprived hydroelectric dams of needed water while boosting power use to run air conditioners in sweltering cities.
Even if the country escapes rationing, electricity experts say it may have to boost use of thermo-electric power – a more expensive option which could undermine President Dilma Rousseff’s plans to lower energy rates.

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Brazil’s LNG Output Could Double by 2020

Brazil’s natural gas output could nearly double by 2020, reaching up to 120 million cubic-meters a day, as Latin America’s biggest country increases the number of offshore platforms to take advantage of huge deep-sea oil reserves, the general director of the National Petroleum Authority, or ANP, said Wednesday.

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Brazil Government Fails to Benefit Blocking Oil Firms

International oil companies looking to start exploring Brazil, home to the largest discoveries in the past decade, can’t get near the crude. Brazil has repeatedly delayed the sale of exploration areas since 2007, leaving Exxon Mobil Corp. (XOM) and Royal Dutch Shell Plc (RDSA) shut out of an offshore area that holds at least $5 trillion of oil.

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