"Renewable Energy Will Grow on Brazilian Soil, but We Will Still Need Oil," Says CEO of Enauta

“Renewable Energy Will Grow on Brazilian Soil, but We Will Still Need Oil,” Says CEO of Enauta

Written by Valdemar Medeiros

Published on 26/11/2020 at 11:43

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Enauta’s CEO States That the Company Is in a New Phase of Growth, but Already Sees a Promising Future for Brazil with the Growth of Renewable Energy and the Oil Market.

Enauta is experiencing a growth phase in the oil and gas market, undergoing transformation and changing its strategy, already aiming at the global energy transition landscape towards renewable energy sources.

Enauta’s CEO Wins Award at the Best of the Stock Exchange 2020 Event

Enauta’s CEO, Décio Oddone, participating in the Best of the Stock Exchange 2020 event by Infomoney and Stock Pickers, wins as the best company in gas and oil, standing out with the main focus of preserving cash and conducting large studies before oil field operations, which quickly brought a good positioning for the company in the renewable energy segment in recent years.

“This award came at a good time, bringing a lot of positivity for us. While the market is renewing itself and moving towards renewable energy, the company is too,” says the president of Enauta during the online event, which will extend until Thursday, the 26th.

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Oddone Says There Are No Productivity Risks for His Company

Oddone made a comparison with the former OGX of businessman Eike Batista, which initially seemed promising but began to show multiple failures in its production fields, and states that this risk is non-existent for his company, especially now with the arrival of renewable energy in the Brazilian market.

According to Enauta’s CEO, what happened in the past was a wave of IPOs in gas and oil, and Enauta was and is the only company that survived this period.

Enauta’s CEO Highlights That the Company’s Focus in Recent Years Has Been to Maintain Cash and Invest in Renewable Energy

Oddone emphasizes that the company’s focus in recent years has been to maintain its cash. “Enauta will not waste cash on oil fields that may be empty,” he asserts, recalling that between 2011 and 2013 there were no opportunities for acquisition in the renewable energy niche, as almost all fields were owned by Petrobras.

“Renewable Energy Will Grow on Brazilian Soil, but We Will Still Need Oil,” Says CEO of Enauta

Enauta’s CEO States That the Company Is in a New Phase of Growth, but Already Sees a Promising Future for Brazil with the Growth of Renewable Energy and the Oil Market.

See Also

Enauta’s CEO Wins Award at the Best of the Stock Exchange 2020 Event

Oddone Says There Are No Productivity Risks for His Company

Enauta’s CEO Highlights That the Company’s Focus in Recent Years Has Been to Maintain Cash and Invest in Renewable Energy

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“Renewable Energy Will Grow on Brazilian Soil, but We Will Still Need Oil,” Says CEO of Enauta

Enauta’s CEO States That the Company Is in a New Phase of Growth, but Already Sees a Promising Future for Brazil with the Growth of Renewable Energy and the Oil Market.

See Also

Enauta’s CEO Wins Award at the Best of the Stock Exchange 2020 Event

Oddone Says There Are No Productivity Risks for His Company

Enauta’s CEO Highlights That the Company’s Focus in Recent Years Has Been to Maintain Cash and Invest in Renewable Energy

For 45 years, Spain and Morocco have been trying to connect Europe to Africa through a project of just 14 kilometers in the Strait of Gibraltar, and an active tectonic fault on the seabed continues to make the project nearly impossible.

At just 14 years old, a boy creates a system without energy, using steel pipes buried in the ground, that irrigates seedlings with moisture from the air, to combat the water scarcity threatening reforestation in northern China.

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

The Senna Tower in Balneário Camboriú is using stakes considered unique in the world that go down 40 meters and are driven 5 meters into the hardest rock on the planet, with technology approved by the same engineer who designed the Burj Khalifa.

While Japan and Germany lose ground, China surges ahead and becomes the largest vehicle manufacturer in the world with over 30 million units per year, dominating global production and leading the electric car revolution.

An antique desk reveals secret compartments, hidden solid wood, and undergoes complete restoration with laser technology that redefines the finish, precision, and value of the restored piece.

If the USA were to go to war with Brazil, Washington’s greatest fear would not be the attack itself, but facing a vast territory, prolonged resistance, and a costly, chaotic, and unpredictable occupation.

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The Senna Tower in Balneário Camboriú is using stakes considered unique in the world that go down 40 meters and are driven 5 meters into the hardest rock on the planet, with technology approved by the same engineer who designed the Burj Khalifa.

The drought may be pushing a much larger crisis than just a lack of water; in addition to affecting crops, reservoirs, and cities, it can also help strengthen bacteria that no longer respond well to antibiotics.

After 377 years of history, the Brazilian Army will have its first female general: Colonel Claudia Cacho has been promoted to brigadier general by Lula and will receive the sword and command baton this Wednesday in Brasília.

A resident of Santa Catarina found a tunnel over 10,000 years old dug by animals the size of a car on her own property, and the video of the discovery has already surpassed 3 million views on social media.

The project that was supposed to be ready for the 2014 World Cup in Brazil debuted with a 12-year delay and nearly R$ 6 billion invested: the Line 17-Gold of the São Paulo monorail opened with reduced hours and is only expected to operate fully in October.