Mondaq Latin America: Energy and Natural Resources
As exploration and production activities advance in the oil & gas industry, the host countries are challenged to create new, beneficial and efficient regulations that will ensure the development of a strong local industry.
The phrase "local content" has begun to appear more frequently in the laws, internal policies and tender protocols of governments and companies around the world, particularly with regard to the oil & gas industry.
This April, as a result of Law 1.2783/2013 (MP579/2012), the Ministry of Mines and Energy (MME) issued Ordinance 117/2013, regulating the provision of electricity generation through hydroelectric plants which have not had their concessions extended, in order to ensure continuity of service.
Com a crise de racionamento de 2001, o modelo então adotado para a sistema elétrico mostrou-se ineficaz para garanti os principais objetivos de qualquer serviço público, qual sejam, a confiabilidade de suprimento, modicidade tarifária e universalidade.
With the rationing crisis in year 2001, the then adopted model for the electric power system showed to be ineffectual in assuring the core objectives of any public utility service, that is, reliable supply, fair electricity rates and availability to all.
The structuring of legitimate business transactions may often face obstacles in legal restrictions, which set hurdles or even prevent their implementation.
Brazil′s petroleum, natural gas, and biofuels regulatory agency, "Agência Nacional do Petróleo, Gás Natural e Biocombustíveis" made available for public consultation a draft regulation seeking to revise unitization rules.
The Mining industry is becoming increasingly consolidated and globalized.
On March 11, 2013, Brazil’s oil and gas regulatory authority, ANP, made available on its website the final Tender Protocol and the final version of the Concession Agreement for ANP Round 11.
The Federal Government Has Finally Given Indications That The Much-Awaited New Mining Code Is About To Be Enacted.
Brazil′s Ministry of Mines and Energy has announced that the first ANP bid round to include blocks in the pre-salt area will occur in November 28, 2013.
As one of the world’s leading commodity and natural resources producers, Brazil has been a player on the world stage.
In this 2012 Year in Review, we summarize some of the mining industry’s most noteworthy developments.
The National Petroleum, Natural Gas and Biofuels Agency has made available the Portuguese version of the Guidelines for Qualification in ANP Round 11.
As a result of the Public Hearing No. 102/2012, the Brazilian Electric Energy Agency ("ANEEL") published Normative Resolution No. 531, dated December 21st, 2012 ("Resolution 531/2012"), in order to change the calculation methodology for financial guarantees associated with the spot market of the Electric Energy Commercialization Chamber ("CCEE").
The Brazilian National Agency of Petroleum, Natural Gas and Biofuels published, on January 24, the Preliminary Tender Protocol of the Brazil Round 11.
The Minister of Mines and Energy, Edison Lobão, announced today that the president Dilma Rousseff authorized the long-expected Brazil Round 11 to be held in May 2013.
On October 31, 2012, the government of Minas Gerais published Law no. 20414/12 allowing the State's Executive Branch to offer a discount of up to 70 percent off the Mineral Resources Inspection Fee.
The National Electrical Power Agency (ANEEL), by means of Normative Resolution nr. 482, dated April 17, 2012, has established the general conditions for micro-generation and mini-generation plants to access and supply the electrical energy distribution grids, and has also established the system for electrical energy remuneration.
On September 26th the CRE also
issued the General Regulations to Recognize Cogeneration Systems as
Efficient.
Most Popular Recent Articles
In this 2012 Year in Review, we summarize some of the mining industry’s most noteworthy developments.
With the rationing crisis in year 2001, the then adopted model for the electric power system showed to be ineffectual in assuring the core objectives of any public utility service, that is, reliable supply, fair electricity rates and availability to all.
The structuring of legitimate business transactions may often face obstacles in legal restrictions, which set hurdles or even prevent their implementation.
On 11 September, Brazil’s President Dilma Rousseff announced major tax cuts in the electricity sector in order to lower prices, keep inflation at bay and hopefully reinvigorate Brazil’s stagnant economic performance.
Suppliers to the oil and gas industry in Brazil are expected to see substantially increased sales as a result of pre-salt discoveries that can potentially generate significant volumes of oil.
The Federal Government Has Finally Given Indications That The Much-Awaited New Mining Code Is About To Be Enacted.
Com a crise de racionamento de 2001, o modelo então adotado para a sistema elétrico mostrou-se ineficaz para garanti os principais objetivos de qualquer serviço público, qual sejam, a confiabilidade de suprimento, modicidade tarifária e universalidade.
Em 4 de abril de 2013, a Agência Nacional do Petróleo, Gás Natural e Biocombustíveis ("ANP") emitiu o Ofício Circular nº 003/2013/SEP ("Ofício Circular"), por meio do qual deixou claro que a cessão de direitos e obrigações decorrentes de contratos de concessão referentes à exploração e produção ("E&P") de petróleo e gás natural está sujeita a aprovação prévia do CADE, autoridade concorrencial brasileira.
The Mining industry is becoming increasingly consolidated and globalized.
On 18 September, Brazil’s President Dilma Rousseff announced the long-awaited approval of the 11th licensing round for oil and gas concessions.
