Brought to you by Quest Offshore & Southern Cone Consultants
Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of its entire stake (100%) in the Catuá Field, belonging to the BC-60 Exploratory Block, located in the Campos Basin, in the state of Espírito Santo. The teaser, which includes key information about the opportunity, as well... Continue Reading →
(Reuters) - Brazilian stocks tumbled on Thursday to an 11-month low, while interest rate futures jumped and the currency weakened on fears that the government will bend a constitutional spending cap. Economy Minister Paulo Guedes said late on Wednesday the government may try to exempt 30 billion reais ($5.3 billion) of spending from its fiscal... Continue Reading →
(Bloomberg) -- For all President Jair Bolsonaro’s recent talk of privatizing Brazil’s crown jewel, oil giant Petrobras has struggled even to unload a handful of refineries. And its chances have never looked worse. With global fuel demand still reeling from the pandemic and refineries shutting down elsewhere, Brazil is giving potential buyers another reason for... Continue Reading →
In September, pre-salt oil and natural gas production totaled 2.85 million barrels of oil equivalent per day (boe/d), representing 74.10% of the national total (3.84 million boe/d) . It was the biggest historical record of monthly production in the Pre-salt, both in absolute terms and in percentage of participation in the country's total production. The... Continue Reading →
Petrobras - In 3Q21, we continued to operate safely and with a solid performance, still with a differentiated regime and special protocols due to the pandemic scenario, but with a gradual increase in the number of people on board. The average production of oil, LGN and natural gas reached 2.83 MMboed, 1.2% above 2Q21, mainly... Continue Reading →
(Reuters) - The giant Itaipu hydroelectric power plant, wedged between Paraguay and Brazil on the Parana River, is facing an energy crunch amid record low river and rainfall levels that experts say could last into next year. The Itaipu dam, which supplies around 10% of the energy consumed in Brazil and 86% of that used... Continue Reading →
(Reuters) - Major economies will produce more than double the amount of coal, oil and gas in 2030 than is consistent with meeting climate goals set in the 2015 Paris accord to curb global warming, the United Nations and researchers said on Wednesday. The U.N. Environment Programme's (UNEP) annual production gap report measures the difference... Continue Reading →
(WO/Bloomberg) --Guyana will likely become one of South America’s top oil producers over the next four years, but the world’s newest petrostate increasingly sees gas as the bedrock for growing its domestic economy. Work will begin on constructing a major gas-fired power plant in 2022 on the expectation that a 220-kilometer (135-mile) pipeline will be... Continue Reading →
Offshore drilling company Valaris has won a drilling rig contract with the Brazilian oil firm Petrobras offshore Brazil. The contract is for the drillship Valaris DS-4, for operations offshore Brazil. The contract is for a minimum term of 548 days. The drillship is currently preservation stacked in the UK and will transit to the Canary... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) confirmed it will not be able to meet "atypical demand" from fuel distributors in November that has surpassed its production capacity, raising fears of supply shortages in the country. Petroleo Brasileiro SA, as the company is formally known, said in a securities filing late on Monday that it has... Continue Reading →
Brazil Energy Insight 