18. May, 2017 The French company Total is authorized to export oil produced in Brazil. The permit was granted this week by the National Petroleum Agency (ANP). Although Total has no production in the country, according to data provided by the ANP. The French company owns a 22.5% share of the block BM-S-11, where the... Continue Reading →
Libra Platform arrives in Brazil; First oil in TLD is planned for July
The FPSO Pioneiro de Libra that is expected to start producing oil in July on a Long Term Test (TLD) in one of the largest deposits in Brazil, arrived in the Brazilian territory on Wednesday night, OOGTK said. The arrival of the FPSO, a type of ship used by the oil industry for production, storage... Continue Reading →
14th Bidding Round–ANP Published the draft tender protocol and the draft of concession agreement.
It was published on the Federal Official Gazette 5/18/2015 the release of the draft tender protocol and the draft of concession agreement of the 14th Bidding Round for exploration and production of oil and natural gas. ANP offers these documents for public consultation until 6/19/17. The registrations for participation in the 14th Round are open.... Continue Reading →
Fitch sees uncertainty in recovery and keeps Brazil in speculative grade
Ratings agency Fitch has maintained Brazil's speculative credit rating on Friday (19), citing uncertainties in the economy's recovery and structural weakness in finance. The outlook remains negative, which means that there may be downgrades in the coming months if the agency understands that the conditions indicated have not improved. The note was kept in "BB",... Continue Reading →
Brazil president resists calls to resign amid allegations of witness bribery
Brazilian President Michel Temer resisted calls to resign on Thursday after allegations that he condoned the bribery of a potential witness in the massive "Car Wash" graft investigation, news that sent markets tumbling and raised doubts that Congress would pass his austerity measures. Temer strongly denied the allegations and told allied lawmakers in a morning... Continue Reading →
Brazil’s Supreme Court approves probe into Temer
Brazil's Supreme Court has approved an investigation of President Michel Temer after he was purportedly taped agreeing to bribe a powerful witness in a sprawling anti-graft investigation, Globo TV reported on Thursday without citing a source. Temer has denied the allegation that he condoned paying a bribe and is expected to make a public statement... Continue Reading →
Petrobras – Production of oil and natural gas in April
Rio de Janeiro, May 17, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that its total production of oil and natural gas in April was 2.72 million barrels of oil equivalent per day (boed), of which 2.60 million boed produced in Brazil and 120,000 boed produced abroad. The average oil production in the country was... Continue Reading →
Petrobras – Beginning of the production of platform P-66 at Lula Field, in the Santos Basin pre-salt
Rio de Janeiro, May 17, 2017 – Petróleo Brasileiro S.A. – Petrobras and its partners in the BM-S-11 Consortium started today the production of oil and natural gas in the area of Lula Sul, at the Santos Basin pre-salt, through platform P-66, first FPSO owned by the consortium and seventh unit of Lula field. Located... Continue Reading →
Batista Brothers’ Latest Deal Drags Brazil Into Fresh Turmoil
By taking their father’s slaughterhouse in the Brazilian countryside and building the world’s largest meat producer, Wesley and Joesley Batista earned reputations as consummate dealmakers. Their latest bargain, which may be their boldest yet, has dragged the country and its president into a crisis. The brothers, who control and run meat giant JBS SA, are... Continue Reading →
Brazil Opposition Calls for President to Resign After Bribery Allegation
By Paul Kiernan, Luciana Magalhaes and Paulo Trevisani May 17, 2017 11:11 p.m. ET Brazilian opposition lawmakers called on President Michel Temer to resign after a Brazilian newspaper reported Wednesday that Mr. Temer encouraged a top businessman to buy the silence of a jailed former congressional leader. The report threatened to spark a new bout... Continue Reading →
Brazil Energy Insight 