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The White House on Sunday said it was restricting travel from Brazil to the United States, two days after the South American nation became the world’s No. 2 hotspot for coronavirus cases. The travel ban was a blow to right-wing Brazilian President Jair Bolsonaro, who has followed the example of U.S. President Donald Trump in... Continue Reading →
May 21, 2020 In view of the pandemic situation in the country, the Brazilian Petroleum Institute (IBP) had no other alternative and postponed the Rio Oil & Gas 2020 fair, which was scheduled for September this year. The event has not yet been definitively canceled, as it happened with OTC Houston 2020 or other events... Continue Reading →
(Reuters) - Royal Dutch Shell has begun drilling the Saturn block in the Santos pre-salt basin, the company’s Brazil chief said on Thursday, adding that Brazil faces hurdles to remain attractive in a low-price environment. Brazil’s No. 2 oil producer after state-run Petroleo Brasileiro, Shell is the operator of block with a 45% stake, along... Continue Reading →
May 21, 2020 The drilling of the first exploratory well in block C-M-657, in the Campos Basin, will be anticipated from June to May. The activity in the block acquired in the 15th round by Petrobras, in partnership with ExxonMobil and Equinor, will be carried out in the Naru prospect. Seadrill rig chartered by Petrobras... Continue Reading →
The global plunge in electricity demand will drag on long after nations lift stay-at-home orders, leading to the biggest annual drop since the Great Depression and fundamentally reshaping power markets. As economies struggle to recover, worldwide electricity consumption will decline 5% in 2020, the most in more than eight decades, according to the International Energy... Continue Reading →
May 21, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on 03/06/20, informs that the non-binding phase related to the sale of 100% of the shares held by Petrobras International Braspetro B.V. (PIB BV) and other Petrobras subsidiaries, in Petrobras Colombia Combustibles (PECOCO) is underway, as described in the teaser,... Continue Reading →
May 20, 2020 Petróleo Brasileiro S.A. - Petrobras informs that the Parque das Baleias Area reached today the mark of 1 billion barrels of oil produced. The Parque das Baleias Area is formed by the fields of Jubarte, Baleia Anã, Cachalote, Caxaréu and Pirambú. The first field, of Jubarte, was discovered in 2001. Currently, four... Continue Reading →
May 20, 2020 Chinese demand for oil is almost at the levels last seen before Beijing imposed national isolation to combat the coronavirus outbreak, according to people with knowledge of the country's energy sector operations. China is the second largest consumer of oil in the world, behind the United States, and the country's rapid recovery... Continue Reading →
May 19/2020 Petrobras expects to announce good news related to the sale of assets, in an important step in the search to reduce the company's debt, the president of the state oil company, Roberto Castello Branco, said on Tuesday in a videoconference transmitted by Safra Bank. The executive, who did not give details about the... Continue Reading →
May 18, 2020 The POSH Xanadu accommodation platform (flotel), which came to operate in support of Petrobras' production activities in the Campos Basin on several occasions, arrived on Friday (15) at the Port of Angra dos Reis to carry out repairs. The vessel's expected stay is approximately 60 days. According to information from the Superintendence... Continue Reading →
Brazil Energy Insight 