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May 26, 2020 Petrobras intends to dispose of all its participation in the petrochemical company Braskem by operating in the capital market, the president of the state oil company, Roberto Castello Branco, reiterated on Monday, when he projected that the deal could take place until the beginning of next year. . "We believe it will... Continue Reading →
May 25, 2020 The Oil Group signed an agreement with Porto do Açu, in São João da Barra (RJ), to install a refinery with a production capacity of 20 thousand barrels per day of light derivatives. The intention is to start operations in 2024, through investments of US $ 300 million. - The Oil Group... Continue Reading →
(Reuters) - Norway’s Equinor ASA (EQNR.OL) and Anglo-French firm Perenco are among at least five oil producers that have registered coronavirus cases among employees or contractors at facilities off the coast of Brazil, according to industry and regulatory sources. Royal Dutch Shell PLC (RDSa.L) and Brazil’s Enauta Participacoes SA ENAT3.SA have registered one case each,... Continue Reading →
May 25, 2020 Petrobras will hold an electronic international auction in July to dispose of three semi-submersible platforms that operated in the Campos Basin. The units in question are platforms P-7, P-12 and P-15. The virtual bidding is scheduled for July 9 and will take place on the auctioneer João Emílio's website. The information was... Continue Reading →
May 25, 2020 The BNDES is proposing a discussion on business models that make the investment in infrastructure for the disposal of natural gas produced in the pre-salt possible, and one of the ideas is the development of an intermediate market for operators of the routes that connect the offshore fields to the market, on... Continue Reading →
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 →
Brazil Energy Insight 