March 27, 2018 The shallow water, 3rd round offer of exploration areas in Mexico ended with 16 new blocks awarded, out of 35 offered. Most of the winners are international groups that have re-invested in the country. The competition takes place two days before the 15th round of the ANP, which will offer 70 exploratory... Continue Reading →
Deepwater Oil Starting to Hold Its Own With Shale: Chevron
Chevron Corp. is studding the ocean floor with heavy-duty pumping gear as part of an effort to make deepwater oil discoveries competitive with shale. The idea is to force crude from newly drilled wells in the deepest parts of the Gulf of Mexico to flow through miles and miles of pipe to platforms built a... Continue Reading →
Latin American Giant’s Hunger for Foreign Gas Ebbs Amid Oil Boom
As the global natural gas trade expands amid a boom in supplies from the U.S. to Australia, at least one major energy consumer may be sitting on the sidelines: Brazil. The nation’s imports of liquefied natural gas sank 75 percent over the past two years as domestic production climbed, government data show. The main culprit:... Continue Reading →
Pedefor recommends a minimum index of 25% of local content for FPSOs to CNPE
March 27, 2018 The Program to Stimulate the Competitiveness of the Productive Chain, to the Development and Improvement of Suppliers of the Oil and Natural Gas Sector (Pedefor) proposed, from a resolution published on Tuesday, that local content indexes for the regulation of the waiver for projects tendered up to the thirteenth round, in addition... Continue Reading →
FPSO P-68 receives installation license from Ibama
March 26, 2018 P-68 hull arrives at Jurong Shipyard, in Aracruz (ES), for integration - Photo: Augusto César Bernardo / Agência Petrobras IBAMA has issued to Petrobras the installation license for the P-68 platform, FPSO that will produce in the field of Berbigão, in the pre-salt of the Santos Basin. The license, which is valid... Continue Reading →
Brazil’s Lula loses procedural appeals, faces prison
A Brazilian appeals court rejected on Monday final procedural objections raised by lawyers of former leftist President Luiz Inacio Lula da Silva against his conviction for corruption, raising the possibility that he will soon be jailed. Read more
Brazil’s Meirelles to quit, possibly run for president
Brazil’s Finance Minister Henrique Meirelles has decided to resign next week and attempt to run for president or be President Michel Temer’s running mate if he makes a bid, government sources and a ruling party leader said on Monday. Read more
Latin America’s Fight Against Corruption Isn’t Free
Latin American corruption-busters have taken down many a tainted bigshot in recent years, but the fall of Peruvian President Pedro Pablo Kuczynski marks a new twist to the hemispheric reckoning. The former Wall Street executive denied any wrongdoing, claiming he was the victim of a “crisis of governability.” A bum’s rush might be the better description: Kuczynski’s... Continue Reading →
Oil’s Seven Sisters Enter a ‘Golden Age’, Goldman Sachs Says
The world’s largest oil companies have survived a life-changing crisis, and are now poised to reap the rewards, Goldman Sachs Group Inc. said. Big Oil is in a sweet spot with rising oil prices and low operating costs, leaving them with the biggest cash-flow growth in two decades and boosting earnings, Goldman said in a... Continue Reading →
Wall Street May Not Get Dream Team Again in Brazil, Speaker Says
Pro-business candidates may be trumped by populist contenders in Brazil’s presidential election this year, frustrating investor expectations and the country’s economic potential, house speaker and presidential hopeful Rodrigo Maia told Bloomberg News. "You have candidates who believe in increasing expenditures as a way to stimulate the economy, and these candidates have a chance of winning,"... Continue Reading →
Brazil Energy Insight 