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Brazil's oil and gas regulator ANP on Wednesday approved the temporary suspension of the 17th round of auction bids for exploration and production rights planned for this year due to the coronavirus health crisis. In a press release, the ANP said its action followed the Mines and Energy Ministry's decision to suspend pre-auction procedures such... Continue Reading →
April 1, 2020 Location: Brazil Event: Brazil has confirmed cases of COVID-19 in all 26 states and the Federal District, and the largest number of confirmed cases in South and Central America. As of March 30, 2020, Brazil has implemented a 30-day ban on all foreigners entering Brazil by air with limited exceptions for those that fall into one of... Continue Reading →
April 1, 2020 Chevron Brasil confirms that it made a donation through the Brazilian Petroleum Institute (IBP) to help build a field hospital for patients with COVID19 in Rio de Janeiro. The hospital will serve to support the treatment of cases in a highly populated area of the city that has been impacted. “Our company... Continue Reading →
April 1, 2020 Petrobras then concludes the contracting of 90% of the TOR surplus in Búzios, alongside that of the Chinese state-owned companies CNODC and CNOOC, with 5% each. In addition to 100% of Itapu. - Búzios is the largest field under development in the country, with four Petrobras own units in operation, Búzios 5... Continue Reading →
April 1, 2020 The ANP board approved the review of the discovery assessment plan (PAD) for well 3-BRSA-1267-RJS, an extension well for the original Libra discovery, which provides for additional campaigns in the Southeast and Central areas of the block. - Southeast: the consortium led by Petrobras needs to decide on December 31 this year... Continue Reading →
April 1, 2020 OneSubsea presented the lowest price in Petrobras' bid for the acquisition of a PLEM (Production Line End Manifold) and an UTA (Umbilical Termination Assembly) for the Marlim and Voador Revitalization Project (Modules 1 and 2). In the reverse auction conducted by Petronect, the company offered a value about 12% lower than the... Continue Reading →
April 1, 2020 Total Brasil will not extend the charter contract for the Valaris-DS9 drillship, owned by Valaris (ex-Ensco), which, since last year, has carried out a drilling campaign in the Lapa field, in the Santos Basin pre-salt. The French oil company reviewed the operating strategy it had defined for the asset, opting to suspend... Continue Reading →
Petrobras on new actions to strengthen resilience April 1, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 03/26/2020, informs that due to the contraction of oil and oil products demand it has decided to adopt new measures that comprise reduction of oil production, postponement of cash disbursement and reduction of... Continue Reading →
March 31, 2020 Petróleo Brasileiro S.A. – Petrobras reports that the Board Member Ana Lúcia Poças Zambelli presented her resignation as member of the Board of Directors of the company, as well as the Board Committees of which she was a member, for personal reasons, with effect from April 1, 2020. The election of the... Continue Reading →
March 31, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release dated 02/27/2020, announces the beginning of the binding phase referring to the sale of all its equity interest in Merluza and Lagosta fields, located in the shallow waters of Santos Basin. Qualified parties for this phase will receive a process letter with... Continue Reading →
Brazil Energy Insight 