Brazil

Oil

Report: Little damage from Chevron's Brazil spill

SAO PAULO (AP) — A federal police spokesman confirms that investigators have found that offshore oil spill near a Chevron well last year caused no significant environmental damage.

The spokesman is giving no other details about the conclusion, which was reported earlier Wednesday by two leading Brazilian newspapers: Folha de S. Paulo and O Estado de S. Paulo.

Brazilian inmates reduce sentences by generating power on stationary bikes

SANTA RITA DO SAPUCAI, Brazil (AP) — Brazilian inmate Ronaldo da Silva was making an escape of a sort as he hopped on a bicycle and pedaled furiously, clocking up several miles (kilometers) before jumping off.

Silva didn't get very far, in fact not an inch. He's still inside the medium-security prison where he's serving a 5.5-year sentence for holding up a bakery.

Brazil judge: Shell, BASF must put $382M in fund

SAO PAULO (AP) — A Brazilian judge has ruled that the local subsidiaries of oil company Shell and the world's largest chemical company, BASF, must pay $382 million into a compensation fund to potentially cover more than 1,000 workers who allege they were contaminated and sickened at an agricultural chemical plant.

BASF SA said in a Monday statement that it would appeal the ruling by judge Maria Ines Correa Targa. Shell SA said it would abide by the decision pending a higher court's ruling on the workers' class-action lawsuit that is before a court in the national capital, Brasilia.

Brazil tests first turbines of major energy project

Source: 
Bloomberg

Brazil set its first wind turbines live last week as part of a $16.9 billion project that seeks to produce the cheapest wind energy in the world, Bloomberg reports.

Oil

Brazil's number two oil producer gets new chief

Source: 
Reuters

CEO Paulo Mendonca of OGX Petroleo de Gas, Brazil's second largest oil company, has resigned after his company shares fell 45 percent in the last two days, Reuters reports. Luiz Eduardo Carneiro, the CEO of shipbuilder and leaser OSX Brasil, will take over.

U.S. ethanol firm to work with Brazilian oil producer

Source: 
Bloomberg

Blue Sugars Corp., a U.S. firm that makes cellulosic ethanol, will share employ its technology at three Brazilian sugar-cane mills by 2015 as it collaborates with Brazil's state-owned oil producer Petrobras, Bloomberg reports.

Australian energy giant plans new Brazilian wind farm project

Source: 
Bloomberg

The Australian renewable-energy company Pacific Hydro plans to build 500 megawatts of wind farms in Brazil to help the country meet its heightened power demands, Bloomberg reports.

Oil

Brazil's Petrobras to invest $237 B through 2016

RIO DE JANEIRO (AP) — Brazil's state-controlled oil company Petrobras says it'll invest $237 billion worldwide through 2016.

The investment amount was spelled out in the company's latest five-year business plan released Monday.

Oil

Petrobras expects Petroleos to stay on board

Source: 
The Wall Street Journal

Brazilian state oil monopoly Petrobras isn't seeking outside partners in the construction of a northeastern Brazil refinery, hoping its current partner, the Venezuelan oil company Petroleo, will resolve its financial difficulties, The Wall Street Journal reports.

EPA launches site to share ideas on water programs

Source: 
Bloomberg

The EPA has set up a Web site in collaboration with Brazil that will allow city officials to learn from each others' waste, sewage and storm water innovations, Bloomberg reports.

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