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(Offshore Energy) Oil and gas company Enauta has revealed that the Brazilian Oil, Gas and Biofuels Agency (ANP) has approved the constitution of guarantees for the company to take over a 100 per cent stake in the Atlanta field off Brazil, doubling its oil production. Enauta said on Friday that the ANP has approved the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/26/2020, informs that today it received the third, and last, installment, in the amount of R$ 271.1 million, of the leniency agreement entered into by Technip Brasil and Flexibras (companies of the Technip Group). Petrobras had already received the first two installments of... Continue Reading →
(Reuters) - Mexico wants Dutch energy giant Vitol (VITOLV.UL) to reveal the name of the state oil company official to whom Vitol paid bribes, President Andres Manuel Lopez Obrador said on Thursday. Petróleos Mexicanos, known as Pemex, is reviewing its contracts with Vitol in search of better terms after the company admitted to paying bribes... Continue Reading →
Brazilian oil and gas company PetroRio has received regulatory approval for a revised development plan of the Frade oil field offshore Brazil. The new development plan, approved by the national oil industry regulator ANP, allows the drilling of four production wells and three horizontal injection wells in the Frade Field. The ANP also authorized the... Continue Reading →
The monthly report of the Brazilian Association of Maritime Support Companies (Abeam) highlighted that, at the end of May, the fleet consisted of 376 vessels, 339 of which were under the Brazilian flag and 37 under other flags. The maritime support fleet in Brazilian waters remains stable in the first half of 2021, with 90%... Continue Reading →
With Petrobras stepping on the brakes on investments and selling more assets, foreign oil companies are gaining ground in Brazil. Together, Shell, Repsol Sinopec, Petrogal and TotalEnergies already account for 20% of national oil and gas production. Together, the private sector now accounts for 27% of the total, according to data from the National Agency... Continue Reading →
Norwegian company Miko Marine has shipped out the first magnetic blanking set destined for the Brazilian offshore sector from its fabrication plant in Haugesund, Norway. However, the set is not going to Brazil, but to the DSIC yard in Dalian, China, where it will then be installed aboard a new Floating Production Storage and Offloading... Continue Reading →
(Reuters) - Consortia led by Brazil's 3R Petroleum Oleo e Gas SA (RRRP3.SA) and private equity firm Seacrest Capital have submitted binding offers for a refinery and dozens of oilfields owned by state-run Petrobras, three people familiar with the matter told Reuters. Polo Potiguar is expected to fetch Petroleo Brasileiro SA (PETR4.SA) from several hundred million dollars to over... Continue Reading →
Development of the liquefied natural gas market boosts supply chain in the country's energy sector With the New Gas Law, sanctioned on April 8, liquefied natural gas (LNG) will have a relevant role in the national market. Among the main advantages of the fuel are the competitive prices, in addition to the flexibility of origin.... Continue Reading →
(PetroNoticias) 3R wants to further strengthen its position in Rio Grande do Norte. With this goal in sight, the company announced an agreement to acquire Duna Energia (formerly Central Resources) for US$ 71 million. If the acquisition is approved and carried out, 3R will gain control over the Ponta do Mel and Redonda fields, in... Continue Reading →
Brazil Energy Insight 