Petrobras Plans Investments in Energy Transition Abroad

Written by Bruno Teles

Published on 17/05/2023 at 15:33

FOTO: transição energética

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Petrobras Is Studying The Possibility Of Investing In Energy Transition Projects And Is In Talks With Other Companies Abroad, Mainly Oil Companies, According To The Executive Director Of Energy Transition And Sustainability, Maurício Tolmasquim.

This strategy is part of the new management of the company, which seeks to reduce exposure to the oil and gas sector. These projects will be approved according to the next business plan of Petrobras for 2024-2028, which will be available at the end of the year.

Tolmasquim noted that the company has already begun discussions, mainly in renewable energy, such as the partnership study between Petrobras and Norwegian Equinor for an offshore wind farm in Brazil.

The executive director pointed out that investing in projects abroad would be “a way to quickly place some ventures” in its portfolio in sectors that are not yet regulated in Brazil, such as the offshore wind segment, while allowing the company to gain experience in advanced areas in other countries.

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Petrobras Has Started Talks With Companies Abroad, But There Is Still “Nothing Concrete,” Tolmasquim Pointed Out.

Additionally, the company is also exploring other types of projects, such as hydrogen and carbon storage. The company is also studying investments in power generation, in projects that the company could implement more quickly. According to Tolmasquim, these could be projects for the sale of energy through auctions or negotiation in the free market.

However, the oil company stated that its priority remains the oil and gas sector. The executive emphasized that investments in energy transition still yield lower returns compared to oil, but will be made to keep the company attractive and reduce risks in the future.

“It reduces risk, it’s not putting all the eggs in one basket. Diversifying the portfolio is essential for us to face periods in the future when the price of oil will be lower,” added Tolmasquim during his presentation at the Argus Rio Crude Conference, in Rio de Janeiro.

Petrobras is one of the world’s leading oil and gas companies and is responsible for a large part of oil production and export in Brazil. Its investments in energy transition are an important shift for the company and a signal that the energy sector is moving towards investment diversification, even in the oil and gas sector.

Petrobras Plans Investments in Energy Transition Abroad

Petrobras Is Studying The Possibility Of Investing In Energy Transition Projects And Is In Talks With Other Companies Abroad, Mainly Oil Companies, According To The Executive Director Of Energy Transition And Sustainability, Maurício Tolmasquim.

Petrobras Has Started Talks With Companies Abroad, But There Is Still “Nothing Concrete,” Tolmasquim Pointed Out.

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Petrobras Plans Investments in Energy Transition Abroad

Petrobras Is Studying The Possibility Of Investing In Energy Transition Projects And Is In Talks With Other Companies Abroad, Mainly Oil Companies, According To The Executive Director Of Energy Transition And Sustainability, Maurício Tolmasquim.

Petrobras Has Started Talks With Companies Abroad, But There Is Still “Nothing Concrete,” Tolmasquim Pointed Out.

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

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