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Brazil’s real extended its rally in dramatic fashion on Tuesday, taking advantage of improving global market sentiment and demand for riskier assets to chalk up its biggest rise against the dollar in two years. The real was one of the worst-performing currencies in the world this year as markets tanked and the global economic and... Continue Reading →
Oil production in Brazil fell only marginally in April compared to the previous month, according to data released on Tuesday, as coronavirus-related stoppages and a dramatic fall in demand had a limited impact on output. According to Brazilian oil regulator ANP, the nation produced 2.958 million barrels of oil per day in April, up 13.6%... Continue Reading →
Brazilian geoscience services company OceanPact has chosen Sonardyne deep water positioning technology to support its research operations across the region. The company has installed Ranger 2 Ultra-Short Baseline (USBL) systems on board its research vessels Seward Johnson and Austral Abrolhos. Continue reading
Jun 2, 2020 The six largest oil companies present in Brazil have a well-aligned speech regarding the needs of the country's oil and gas sector for the future. The foreign companies Shell, Equinor, Chevron, BP, Total, in addition to Petrobras itself, are demanding more changes in the Brazilian regulatory regime to ensure that projects in... Continue Reading →
June 2, 2020 The BNDES believes that the construction of natural gas hubs in shallow waters could be a solution to promote the exploitation of gas fields on the Brazilian coast, stimulating competition and increasing production. The proposal is part of the study “Gas for Development”. André Pompeo, responsible for the study at the BNDES,... Continue Reading →
June 01, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of a part of its interest in the exploratory blocks belonging to the ES-M-596_R11, ES-M-598_R11, ES-M-671_R11, ES-M-673_R11 and ES-M743_R11 concessions, located in the Espírito Santo Basin. The teaser, which includes key information about the... Continue Reading →
June 1, 2020 Oil Group and EnP signed an agreement on Friday (29) to develop the construction project for the Espírito Santo Refinery (RefinES) and the Capixaba Lubricants and Asphalt Plant (LubCap). The expectation of the companies is that the works will raise investment in the order of R $ 2 billion for both projects.... Continue Reading →
May 29, 2020 The Oil Group and the Energy Platform-EnP (Marcio Felix) signed, on Friday (29/5), a memorandum of understanding for the construction of a mini-refinery and a lubricant factory, in Espírito Santo. Named RefinES and LubCap, the units will be installed in locations to be defined, after 2022. RefinES will have an initial capacity... Continue Reading →
June 01, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 05/04/2020, announces the beginning of the non-binding phase regarding the sale of its stake (35%) in the Manati Field, a shallow water maritime production concession located in the Camamu Basin, in the State of Bahia. Potential buyers qualified for this... Continue Reading →
May 29, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release dated 08/09/2019, reports that it has completed today the sale of its entire interest in seven onshore production fields, located in the Potiguar Basin, in the state of Rio Grande do Norte, to SPE 3R Petroleum S.A., a wholly owned subsidiary of... Continue Reading →
Brazil Energy Insight 