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(QFWS) Brazilian environmental agency IBAMA announced over a year ago it was receiving a significant number of applications targeting offshore wind development. The Government had issued a decree in January 2022 to enable the implementation of offshore studies and identification of suitable areas and by year-end the volume of applications had reached a stunning 176GW... Continue Reading →
Brazilian oil and gas player Enauta has restarted production from a well located on a field offshore Brazil. Enauta temporarily halted the production from the 7-ATL-2HP-RJS well on the Atlanta field in March 2023, only days after completing of preventive maintenance of the water-cooling system of the FPSO Petrojarl I, which works at the field. In an update on Monday, 17 April 2023,... Continue Reading →
The National Petroleum Agency (ANP) approved the revision of the Development Plan for the Pilar field, in the Alagoas Cluster (Petrobras divestment). The asset is operated by Origem Energia, which should disburse R$ 916 million in investments in the area. In the revision of the plan, the operator states that it should drill 15 new... Continue Reading →
(epbr) SPIC Brasil, a subsidiary of the Chinese generator, closed an agreement with Prumo Logística, a company controlled by the EIG that is responsible for the development of Porto do Açu, for joint renewable energy projects in the port complex located in the north of Rio de Janeiro. The Memorandum of Understanding (MoU), signed during... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media, clarifies that as part of its BioRefining Program it is conducting new project studies to expand the production of Diesel R, Petrobras fuel produced by co-processing mineral diesel with vegetable oil, which contains a portion of green diesel (HVO), which may... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the National Petroleum Agency (ANP) approved, on April 14, 2023, a proposal for an agreement between the ANP and Petrobras for the termination of the lawsuit and all pending issues involving the updating of the physical-chemical characteristics of the Jubarte Current and its impact on the recalculation of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, announces that as of 05/01/23, according to the contracts agreed upon by the Company with the distributors, the updated natural gas sales prices will have an average reduction of 8.1% in R$/m³, in relation to the February-March-April quarter, considering the variation in the price of the molecule and its transportation... Continue Reading →
(Reuters) - Mubadala Capital backed-Acelen will invest 12 billion reais ($2.44 billion) over 10 years to make "green" diesel and jet fuel in Brazil, starting in 2026, in a move that will place the company among global leaders in this segment, executives told Reuters. The new biorefinery, which the energy company plans to begin building... Continue Reading →
The Board of the ANP approved geological and economic studies on the indication of the Jaspe block, located within the Pre-Salt Polygon, in the Campos Basin, for inclusion in future bidding rounds for areas for exploration and production of oil and natural gas. The block is a result of areas nominated by the industry. The... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), following best practices in corporate governance, informs its investors and the market in general the preliminary unaudited production data for March 2023. (1) Refers to the 35% Interest held by 3R in Pescada Cluster concessions. (2) In March, approximately 55% of the gas produced... Continue Reading →
Brazil Energy Insight 