Petrobras launches sale of remaining stakes in TAG
Brazil's semi-public multinational company, Petróleo Brasileiro commonly known as Petrobras, has launched the sale of its remaining 10% stakes in the Transportadora Associada de Gás SA, or TAG, and Nova Transportadora do Sudeste SA, or NTS. The units operate the natural gas pipelines in Brazil.
Petrobras has divested a 90% stake in the TAG pipeline to a consortium led by France's Engie SA for US$8.6 billion in April 2019, and a 90% stake in the NTS pipeline to Brookfield Brasil Asset Management Investimentos Ltda for US$5.08 billion in April 2017.
The development is part of the company's plan to reduce debt and focus on offshore projects.
Country updates
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December 24, 2019
Atlas Renewable Energy starts the operations of 117 MW Sertao Solar Barreiras Complex
Atlas Renewable Energy has started the commercial operation of the fourth project, 117 MWp Sertão Solar Barreiras Complex, located in Barreiras, state of Bahia. The solar complex consists of 3...
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December 24, 2019
SBM Offshore divests 35.5% interest in FPSO Sepetiba project
SBM Offshore has announced that it has entered into a shareholder agreement with its long-standing business partners Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK) regarding the d...
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December 18, 2019
Voltalia starts the operation of VSM 1 & 2 wind farms
Voltalia has started the operations of the VSM 1&2 wind farms located in its Brazilian cluster of Serra Branca (Rio Grande do Norte). Three turbines of VSM 1&2 wind farm, with a total of 10 M...
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December 16, 2019
Ceara State approves environment permit for Alex Solar PV Complex
The environment council Coema in the State of Ceara in Brazil has approved the study and environmental impact report for the planned development of the 278 MW Alex Solar PV Complex. The so...
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December 11, 2019
AES Tiete Energia signs PPA deal with Anglo American unit for 79 MW
AES Tiete Energia has signed a power purchase agreement deal with a unit of Anglo American plc, Anglo American Niquel Brasil Ltda, for 79 MW average of the 167.4 MW wind farm in the sta...
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