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Petrobras Oil and Natural Gas Production on May 06/12/2015 Rio de Janeiro, June 12nd, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that, on May 2015, its oil and natural gas production was 2 million 766 thousand barrels of oil equivalent per day (boed), in Brazil and abroad, 0.7% lower than the volume produced on... Continue Reading →
Senator Jose Serra of the opposition PSDB party. Photographer: Amauri Nehn/News Free/LatinContent/Getty Images Senators of Brazil’s largest party expect the upper house to approve a bill that relieves state-controlled Petrobras of its role as sole operator and compulsory stakeholder in so-called pre-salt oilfields. Read More
09/06/2015 The National Energy Policy Council (CNPE) published on JUNE 9, 2015 in the Official Gazette, Resolution No. 1/2015, which authorizes ANP, National Petroleum Agency, to hold the 13th Bidding Round of Exploratory Blocks . There will be offered 266 exploration blocks, totaling an area of 125,045.9 square kilometers. The Council also approved the inclusion... Continue Reading →
Low oil prices and economic growth have helped drive up consumer demand for energy across the world in 2015. The IEA said world demand for oil would increase 1.4 million barrels a day this year, 300,000 barrels a day faster than it previously forecast, to a daily average of 94 million barrels this year. Read... Continue Reading →
Eletrobras reports that it has hired US law firm Hogan Lovells to investigate possible violations of domestic and international graft laws in its contracts. The publicly listed Eletrobras warned the US Securities and Exchange Commission that it would have to delay its form 20-F, or annual report, for 2014 after allegations emerged that the chief executive of a... Continue Reading →
Pemex discovered four new fields in shallow water in the Gulf of Mexico with the potential for daily production of at least 200,000 barrels of oil and 170 million cubic feet of gas. Read More
An equipment failure that’s delayed Chevron Corp.’s $5.1 billion Big Foot deepwater project will reduce the company’s production target by less than 25,000 barrels a day in 2017, the company said. Read More
Petroleo Brasileiro SA faces a mounting number of U.S. investor lawsuits that seek compensation for market losses tied to a multibillion-dollar bribery scheme. Cases against the energy giant multiplied in recent weeks to more than a dozen, as investors from Ohio to Denmark seek damages for a kickback scandal that helped knock $60 billion off... Continue Reading →
Luciano Coutinho, president of the Brazil National Development Bank (BNDES), Photographer: Pete Marovich/Bloomberg The bank’s financial ties to Brazil’s big companies, many of which are often top campaign donors, is pitting President Dilma Rousseff against the nation’s highest court. Brazil’s Supreme Court is calling for more transparency even as Rousseff vetoed a proposal to end... Continue Reading →
BP Plc released its 2015 Statistical Review of World Energy on June 10. Used for decades as an industry benchmark, this year's edition laid bare the seismic shifts taking place in global energy markets. See the attached files. bp-statistical-review-of-world-energy-2015-full-report bp-statistical-review-of-world-energy-2015-workbook bp-statistical-review-of-world-energy-2015-spencer-dale-presentation
Brazil Energy Insight 