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Income from oil will be extremely important for the energy transition, according to the current government's perspectives.
A study carried out by the National Bank for Economic and Social Development (BNDES) revealed that the oil and gas sector will contribute R$3,96 trillion to Brazil's Gross Domestic Product (GDP) by the year 2032. This industry is extremely important for the country's economy and will continue to play a fundamental role in next years.
Since the beginning of the 158st century, XNUMX projects have been presented in the National Congress with the aim of changing decisions taken by regulatory agencies. This constant political interference has been the subject of debate and analysis, as it can affect the autonomy of these agencies and harm their efficient functioning in regulating strategic sectors for the country.
Petrobras denies project postponement to avoid overproduction
Contrary to rumors, Petrobras denied any negotiations on the postponement of the Sergipe Águas Profundas project. The company justifies that it does not want to start production simultaneously with the Raia Manta and Raia Pintada natural gas fields to avoid possible overproduction in the market. This strategic decision seeks to ensure better management of resources and avoid negative impacts on the oil and gas industry in Brazil.
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The oil and gas sector will boost the Brazilian economy until 2032
A study released by BNDES reveals that the oil and gas will have a significant impact on the national GDP, forecasting a contribution of R$3,96 trillion by 2032. This industry will also be responsible for creating jobs, generating total salary revenue of R$792 billion in the same period.
Furthermore, tax collection from this sector is estimated at R$487 billion, not counting government contributions. These impressive numbers indicate the extraordinary potential of this sector to boost the Brazilian economy.
The study, titled “The energy transition and the sector of oil and Brazilian gas”, aims to encourage discussion about how this sector can contribute to the transition to more competitive and environmentally sustainable forms of energy.
These promising results support the continued importance of developing the oil and gas in Brazil, which has been driven by factors such as the increase in the price of a barrel of oil and the international demand for these resources. With strategic planning and adequate investments, we can make the most of the potential of this sector, guaranteeing lasting economic and social benefits for the country.
The government's current view is that revenue from oil will play a fundamental role in energy transition. According to a study, Norway uses the resources accumulated through oil to position itself as one of the countries that invests most in the agenda to combat global warming.
The president of BNDES, Aloizio Mercadante, has also highlighted that income from oil could be a differentiator to accelerate the energy transition in the country.
This scenario is reinforced by high prices for a barrel of oil and the dollar, which led Brazil to break records in the distribution of royalties and special participation, allocating billions of reais to states, municipalities and the Union.
In the pre-salt context, the production sharing regime recorded a production of oil four times greater than the previous year. This means that, in 2022, around 98 million barrels were destined for the Union under this regime.
A energy transition is an increasingly relevant topic, and the arrival on Brazilian soil of the Energy Observer, the first hydrogen-powered boat in the world, reinforces the importance of this process. The use of alternative energy sources is essential for reducing greenhouse gas emissions and building a more sustainable future.
A recent report by the International Energy Agency (IEA) revealed that the world is on track to reach the peak of all fossil fuels before 2030. Furthermore, renewable energies are gaining more and more space, potentially accounting for around 50% of the global electricity mix, compared to the current 30%.
It is important to highlight that this scenario occurs at a time close to COP28, where discussions on the future of fossil fuels will be expanded. O National Bank for Economic and Social Development (BNDES) has a significant participation in these dialogues, taking into account the need to energy transition.
It is also worth highlighting the economic impacts of this transition. With the increase in the price of a barrel of oil and the dollar, Brazil reached records in the distribution of royalties and special participation, allocating billions to states, municipalities and the Union.
In the sector of oil, multinational companies, such as Wood, are opening selection processes for areas such as electrical, piping, construction, structure, engineering and operations. This demand highlights the importance of preparing professionals to work in energy transition.
Furthermore, Pre-Salt Oil (PPSA) recorded a production of oil in contracts for production sharing regime four times higher than in the previous year in 2022. Around 98 million barrels were allocated to the Union under this regime.
The search for more sustainable energy alternatives gains even more strength with the arrival of the Energy Observer, the world's first hydrogen-powered boat, on Brazilian soil. This milestone reinforces the importance of energy transition and demonstrates that the exploration of clean and renewable energy is an increasingly present reality.
According to information from the interim president of PPSA, Tabitha Loureiro, the production sharing oil and gas fields have the potential to generate around R$1 trillion in government participation over the course of the contracts. Furthermore, the sale of oil and gas can generate revenue of at least R$800 billion, while employment and income can reach R$350 billion.
The expectation is that PPSA will have significant profitability from the sale of natural resources, helping to boost the country's economy. A special participation and the royalties arising from these activities are essential for the socioeconomic development of the benefiting regions. In this sense, the National Bank for Economic and Social Development (BNDES) is also involved in this process.
O production sharing regime has proven to be efficient, registering a significant increase in the production of oil destined for the Union. In the previous year, around 98 million barrels of oil, four times more than previously recorded. This demonstrates the potential of the pre-salt and the relevance of the sector for the country.
A energy transition It is an increasingly discussed topic and Brazil has been looking for alternatives to diversify its energy matrix. The Energy Observer, the world's first hydrogen-powered boat, arrived on Brazilian soil, reinforcing the importance of this transition. The search for more sustainable energy sources is essential to guarantee the preservation of the environment and promote sustainable development.
In summary, sharing oil and gas production in Brazil has the potential to generate an estimated revenue of R$2 trillion, through government participation, resource commercialization, employment and income. The exploration of these fields, combined with energy transition, contributes to boosting the economy and seeking more sustainable solutions for the country’s future.
Expectations of an increase in production of oil in Brazil
The PPSA aims to achieve Union participation in the fields of oil with a production of 500 thousand barrels per day by 2029. This expectation demonstrates the growth potential of the sector in the country.
The fall in the price of oil was registered last Friday, due to more pessimistic perspectives regarding demand and more optimistic perspectives regarding the development of the conflict in the Middle East. The futures contracts of oil Brent fell 2,3%, reaching US$84,89 per barrel. Contracts in the US also fell 2,4%, to US$80,51 per barrel. Both benchmark indices were down more than 6% for the week.
O National Bank for Economic and Social Development (BNDES) and Special participation are important players in the oil Brazilian. The rise in the price of a barrel of oil and the dollar resulted in a record distribution of royalties and special participation, totaling R$37,6 billion and R$36,8 billion, respectively, for states, municipalities and the Union. These resources provide investment and development in the country's infrastructure.
The Pre-Salt Oil (PPSA) also plays a key role in the sector. The production of oil in sharing regime contracts reached a record number in the first half of the previous year, reaching approximately 98 million barrels destined for the Union. These results demonstrate the success and potential of this regime, which seeks to guarantee greater State participation in the exploration of natural resources.
A energy transition is a relevant topic in the oil. The Energy Observer, the world's first hydrogen-powered boat, arrived on Brazilian soil, reinforcing the importance of this transition. This technological advance points to the need to diversify the energy matrix and invest in renewable sources, aiming for sustainability and the future of the energy sector.
The president of Petrobras, Jean Paul Prates, declared in a social network that the state-owned is not in negotiations with the federal government to postpone the Sergipe Águas Profundas project. He emphasized that the company's goal is to put the project into operation as quickly as possible.
The objective of postponing the entry of 18 million cubic meters per day of natural gas into the market, at the same time that the Raia Manta and Raia Pintada fields, operated by Equinor in the Campos Basin, begin producing, was denied by the president from Petrobras. The intention is to avoid price reductions due to increased supply.
The company Proquigel sent a letter to Sindiquímica informing about the interruption of activities at the fertilizer factory located in Bahia. This strike will result in the dismissal of 384 direct and indirect employees who work at the plant.
According to Proquigel, the letter is just a warning and the company is negotiating with Petrobras to keep the unit operating. The proposal under discussion is to establish a “tolling” contract, where Petrobras will supply the gas and pay for the use of the plant.
The interruption of activities at the fertilizer factory in Bahia is being closely monitored by National Bank for Economic and Social Development (BNDES), which is interested in the continuity of this enterprise.
Since 2000, around 158 draft legislative decrees have been proposed, 90% of which were presented in the Chamber of Deputies. These proposals have generated questions regarding the decisions taken by regulatory agencies, according to a survey carried out by the Brazilian Association of Regulatory Agencies (Abar).
On November 6th, attention will be focused on the companies Vibra Energia and Engie. These two companies have stood out in the sector and are considered promising in the market. Vibra Energia (VBBR3) specializes in the production and sale of energy, while Engie (EGIE3) is a French multinational operating in the generation and distribution of electrical energy.
On November 8th, we will have several companies highlighted. They will be: Eletrobras, 3R Petroleum, Braskem, Ultra, Equatorial, Oceanpact and Copel. These companies operate in different segments, such as electricity, petrochemicals and the environment. Each of them has unique characteristics and perspectives, which make them attractive to potential investors.
On November 9th, it is the turn of companies like Petrobras, PetroRecôncavo, CPFL Energia, Energisa and Cosan to shine. Petrobras is known as one of the largest companies in the oil sector. oil and gas in Brazil, while PetroRecôncavo specializes in exploration and production of oil in mature fields. CPFL Energia, Energisa and Cosan operate in the electrical energy sector and are constantly seeking innovation and expansion.
Enauta (ENAT3) and Celesc (CLSC4) highlighted on Friday (10/11)
On November 10th, attention will be focused on the companies Enauta and Celesc. Enauta, formerly Queiroz Galvão Exploração e Produção, is a oil and natural gas. Celesc is an electrical energy company that operates mainly in Santa Catarina. Both companies have shown positive results and are considered interesting options for investors.
It is important to make these changes to ensure that the distribution of cashback on the electricity bill is fair and appropriate for low-income consumers, taking into account their financial limitations.
The proposed amendment will be discussed and evaluated by the Senate, with the aim of finding a solution that benefits all low-income consumers.
Compass, a gas company controlled by Cosan, carried out the first issue of debentures linked to ESG goals in the oil and gas sector in Latin America, raising a total of R$1,7 billion.
The Greek government has launched a plan to meet its target of 2 GW of offshore wind energy by 2030. A study by state-owned company Herema mapped 10 areas with a minimum capacity of 4,9 GW for the installation of floating wind turbines, representing the majority of the plan. .
Economic and social impact of royalties and special participation in the Brazilian oil sector
The rise in the price of a barrel of oil and the dollar resulted in a record R$376 billion in royalties and R$368 billion in special participation distributed to states, municipalities and the Union. National Bank for Economic and Social Development (BNDES) and Pre-Salt Oil (PPSA) are entities that play an important role in this scenario.
The Energy Observer, the world's first hydrogen-powered boat, reinforced the importance of energy transition upon disembarking on Brazilian soil. The initiative represents a milestone in the search for more sustainable and cleaner solutions for the energy sector.
On November 3rd, the heavy rains that hit São Paulo resulted in the interruption of electricity supply to more than 2,5 million homes. Even on Sunday, more than 1 million homes were still without electricity, and the concessionaire Enel expected to restore the service only on Tuesday. This adverse situation even impacted the Enem tests, which required generators in some schools.
Furthermore, through e-mails, it is possible to receive the daily agenda of authorities related to the oil. Among the highlights is the news that the rise in the price of a barrel of oil and the dollar was responsible for the record achieved by Brazil, which distributed R$376 billion in royalties and R$368 billion in special participation for states, municipalities and the Union.
Another relevant information is about the multinational oil Wood, which has an open selection process for hiring in the areas of electrical, piping, construction, structure, engineering, operations and other areas.
The Pre-Salt Oil (PPSA) also recorded significant growth in its production of oil in contracts for production sharing regime. In 2022, production destined for the Union increased around 4 times compared to the previous year, totaling approximately 98 million barrels,
Finally, it is important to highlight the importance of energy transition, which has become increasingly evident. This is evident with the arrival of the Energy Observer, the world's first hydrogen-powered boat, on Brazilian soil. This initiative reinforces the need to invest in clean and sustainable energy sources.
SOURCE OF INFORMATION: EPBR
