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(OE) Excelerate Energy has started natural gas deliveries to the Brazilian market at the Bahia Regasification Terminal (TR-BA) in Salvador, Bahia, in Brazil. Excelerate's floating storage and regasification unit (FSRU) Excelerate Sequoia, which has an LNG storage capacity of 173,400 cubic meters, is providing regasification services at TR-BA. The terminal has a regasification capacity of... Continue Reading →
Oilfield services giant TechnipFMC has signed three flexible pipe frame agreements with Brazil's Petrobras. "Altogether, the frame agreements form a large contract for TechnipFMC," the company said. For TechnipFMC, a “large” contract is between $500 million and $1 billion. The contracts were awarded as part of Petrobras’s drive to increase oil recovery in its brownfield... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 11/22/2016 and 03/21/2018, informs that it will receive from Equinor Brasil Energia Ltda. (Equinor) the last contingent installment in the amount of US$ 950 million related to the sale of its stake in the exploratory block BM-S-8, where the Bacalhau field (former Carcará... Continue Reading →
The board of the National Petroleum Agency (ANP) approved the Production Individualization Agreement (PIA) for the shared Bacalhau deposit, located in the Santos Basin. As a reminder, the PIA is an instrument used when reservoirs or deposits extend over more than one exploratory block or when they cover a non-contracted area. In 2014, Equinor had... Continue Reading →
(Reuters) - Brazil's central bank on Wednesday raised interest rates by 150 basis points and signaled another such hike in February, waging one of the world's most aggressive battles with inflation even as Latin America's largest economy has tipped into recession. The bank's rate-setting committee, known as Copom, decided unanimously to raise its benchmark interest... Continue Reading →
The Special Tender Committee (CEL) approved the registration of one more company for the Permanent Offer: Ecopetrol Óleo e Gás do Brasil Ltda. With Ecopetrol, 69 companies have already signed up for the Permanent Offer. See the complete list: https://www.gov.br/anp/pt-br/rodadas-anp/oferta-permanente/inscricao-licitantes. The Permanent Offer is a modality of concession of blocks and areas with marginal accumulations... Continue Reading →
A new important milestone for Petrobras and its partners in the consortium that operates in the Libra block, in the Santos Basin pre-salt. The board of the National Petroleum Agency (ANP) approved the first development plan for the Mero field, which is located within the Libra area. In all, 65 wells will be drilled in... Continue Reading →
The National Petroleum Agency (ANP) approved today the reduction of the royalty rate levied on fields operated by small or medium-sized companies. In all, the agency granted a reduction in the charge for 36 fields, located in the states of Rio Grande do Norte (31), Espírito Santo (3), Bahia (1) and Sergipe (1). Small companies... Continue Reading →
(Reuters) - Shares in Brazil's Braskem SA (BRKM5.SA) plunged on Thursday after state-run oil company Petrobras (PETR4.SA) said it has yet to decide when and how to proceed with the proposed sale of its stake in the petrochemicals producer. Petroleo Brasileiro SA, as Petrobras is formally known, said in a securities filing that it is still conducting studies on... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in compliance with Article 12 of CVM Resolution No. 44, of 08/23/2021, informs that it was communicated by Goldman Sachs & Co. LLC, a subsidiary of The Goldman Sachs Group, Inc., by Goldman Sachs International, and other subsidiaries of The Goldman Sachs Group, Inc., namely Goldman Sachs do Brasil Banco... Continue Reading →
Brazil Energy Insight 