Outgoing Petrobras CEO, Gen. Silva e Luna, resolves to speak and affirms pressure from Bolsonaro to make changes in the board of directors of Petrobras

(PN) Always very discreet in the traditional press conferences of Petrobras, giving only shorter and more punctual statements, General Joaquim Silva e Luna decided to speak out, now that his departure from the presidency of the state-owned company is more than confirmed. The military man gave several interviews to some of the country's press vehicles,... Continue Reading →

April 1, 2022 0

Europe’s appetite for U.S. gas fast-tracks two new LNG projects

(Reuters) - Two U.S. liquefied natural gas (LNG) projects took major steps toward launching this week as Russia's threats to cut energy supplies to Europe drives up demand and prices for the super-chilled fuel. Developers Sempra Energy (SRE.N) and New Fortress Energy Inc (NFE.O) advanced agreements on separate projects, one of which could be producing LNG within 12 months.... Continue Reading →

April 1, 2022 0

ANP: Brazil’s proved reserves grow 11% in 2021

(PN) The National Petroleum Agency (ANP) confirmed that the country's proved reserves grew 11% in 2021. In addition, there was an increase of 14.3% in the volume related to the sum of proved and probable reserves (2P) and of 19.8% in the sum of proved, probable and possible (3P), compared to 2020 data. Replacement rate... Continue Reading →

April 1, 2022 0

Brazilian Ocyan was the only company to submit a proposal for FPSO P-81

(PN) The contracting of the P-81 platform ship, which will be installed in the promising Sergipe-Alagoas Basin, may be a little closer to an outcome. According to our report, the Brazilian company Ocyan was the only company to submit a bid for the contracting of the unit, whose start of production is scheduled for 2026.... Continue Reading →

April 1, 2022 0

Shell produces first gas from Colibri project off Trinidad and Tobago

Oil major Shell has started production on Block 22 and NCMA-4 in the North Coast Marine Area (NCMA) in Trinidad and Tobago. Shell made the Final Investment Decision for Project Colibri in March 2020. The start-up of Colibri follows the amendment to the Block 6 Production Sharing Contract for the Manatee field, marking yet another significant milestone in... Continue Reading →

April 1, 2022 0

Biden orders ‘the largest release of oil reserves in American history’ to lower prices – long read

U.S. President Joe Biden last night announced plans for what is said to be the largest release from the strategic petroleum reserves in American history of 1 million barrels a day for six months to lower gas prices at the pump. In his speech, Biden revealed a two-point plan, which includes immediate action through the... Continue Reading →

April 1, 2022 0

Moody’s: Mexico Gov’t Ongoing Support for Pemex is a Challenge

(Reuters) Mexico's ongoing support for state oil company Petroleos Mexicanos (Pemex) remains a challenge to government finances and the sovereign credit rating, Moody's said on Thursday. Moody's, which gave Mexico a "Baa1" rating with a negative outlook, said "sluggish domestic demand, weak investment prospects and limited productivity growth" weigh down the Latin American country's medium-term growth prospects. The rating agency said that Mexico's economic... Continue Reading →

April 1, 2022 0

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Month: April 2022

Outgoing Petrobras CEO, Gen. Silva e Luna, resolves to speak and affirms pressure from Bolsonaro to make changes in the board of directors of Petrobras

Europe’s appetite for U.S. gas fast-tracks two new LNG projects

ANP: Brazil’s proved reserves grow 11% in 2021

Brazilian Ocyan was the only company to submit a proposal for FPSO P-81

Shell produces first gas from Colibri project off Trinidad and Tobago

Biden orders ‘the largest release of oil reserves in American history’ to lower prices – long read

Moody’s: Mexico Gov’t Ongoing Support for Pemex is a Challenge

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