Brazilian independent Eneva has declared commerciality on the Morada Nova discovery in the Parnaiba basin, estimating the area holds 2.24 billion cubic metres of gas in-place.
Eneva, Brazil’s largest private-sector thermoelectric generator, plans to invest in the renewable energy segment. Last week, the company registered 230 megawatts for wind-power projects in Rio Grande do Norte, out of 900MW in its portfolio, but made no bids. As for solar energy, Eneva is studying possibilities to expand its current 1MW-power plant in Ceará.
Brazilian independent Eneva is ramping up exploration work in the onshore Parnaiba basin, where a pioneering reservoirto-wire project helped the company return to profit in the first quarter of 2018, writes Gareth Chetwynd.
Brazils Eneva expects to conclude the acquisition of the Azulão onshore gas field between May and June this year, the companys legal director Thiago Freitas said Thursday during a conference call with market analysts.
Brazil’s Eneva is planning to replicate its reservoir-to-wire (R2W) model applied in the country’s northeast in the development of its recently acquired Azulão field, the company told BNamericas.
Brazil’s Petrobras has reached an agreement with local producer Eneva for the sale of the Azulão gas field in the onshore Amazonas Basin, for which Eneva will pay $54.5 million.
RIO DE JANEIRO—As Petrobras shrinks its global E&P activities with farm-outs and asset sales, other oil majors such as Total, Statoil and BP have extended their presence in the country. But smaller operators are also looking for E&P investment opportunities in Latin America’s largest oil producing country.
Brazilian power firm Eneva reported a sharp rise in Q4 earnings, boosted by a rampup at its Parnaíba thermoelectric complex, the company said on Monday. Net income hit 94.1mn reais (US$30.1mn), up from 5.3mn reais a year earlier, Eneva said in a statement. Despite the positive quarterly performance, Eneva posted a 2016 loss of 132mn reais (US$42mn).
Brazilian indie Eneva is confident that its ‘DIY’ philosophy can spread beyond the country’s northeast. Interfax Natural Gas Daily speaks to the company’s CFO, Pedro Zinner
Brazilian energy company Eneva has outlined plans to expand its gas-to-wire operations after a sweeping restructuring process. In a statement, Eneva said it incorporated Parnaíba Gás Natural (PGN) as a fully owned subsidiary after a 1.16bnreal (US$360mn) capital increase.