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Mar 11, 2020 There is a privatization plan for PPSA being discussed at the Ministry of Economy, led by Paulo Guedes, informs the Bloomberg agency. The state-owned company, which represents the Union in the pre-salt sharing contracts, would have been elected, along with Eletrobras, as the priority privatizations of 2020. - Still according to Bloomberg,... Continue Reading →
March 10, 2020 Petróleo Brasileiro S.A. - Petrobras reports that its Board of Directors deliberated on the New Deficit Equation Plan (New Plan) of the Renegotiated and Non-Renegotiated Petrobras System Petros plans (PPSP-R and PPSP-NR), managed by Petrobras Social Security Foundation - Petros and in compliance with CNPC Resolution No. 30/2018. The New Plan aims... Continue Reading →
IKM Ocean Design has been awarded a pipeline study contract by Equinor for its ultra deepwater project in Brazil. The scope includes a pipeline concept study for gas export from the BM-C-33 field to the coast of the Rio de Janeiro state in Brazil. “This work will be a continuation of the IKM Ocean Design... Continue Reading →
Brazilian stocks plunged more than 12% on Monday to record their biggest fall since 1998 and the central bank intervened twice in the currency market as the real slumped to another record low, in a day of widespread fear and selling across global markets. The benchmark Bovespa index's 12.3% decline .BVSP was its biggest one-day fall since... Continue Reading →
March 9, 2020 - Petróleo Brasileiro S.A. - Petrobras reports that today it signed an agreement with Eagle Exploração de Óleo e Gás Ltda. (Eagle) for the sale of 100% of its stakes in four onshore fields, located in the Tucano Basin, in the countryside of the state of Bahia, for US$ 3.01 million. The... Continue Reading →
Mar 4, 2020 Petrobras decided to suspend the pilot project for offshore wind generation in the Ubarana field, in the Potiguar Basin, on the coast of Rio Grande do Norte. The decision was communicated to Ibama, responsible for the environmental licensing of the project, at the end of January. In a letter sent to the... Continue Reading →
March 6, 2020 - Petróleo Brasileiro S.A. - Petrobras, following the press release disclosed on December 30, 2019, reports that it has entered into a new amendmentto the natural gas supply agreement (GSA) with Yacimientos Petrolíferos Fiscales (YPFB). The amendment signed today refers to the volume of gas contracted in 1999, at the beginning of... Continue Reading →
Mar 5, 2020 The board of the National Petroleum, Gas and Biofuels Agency (ANP) approved the sale of 30% of the Sul do Gato do Mato field (Production Sharing Contract), in the Santos Basin pre-salt, to Ecopetrol. With the new distribution in this block, Shell now holds a 50% interest in the project (previously its... Continue Reading →
March 6, 2020 ExxonMobil CEO Darren W. Woods, during a presentation to investors at the New York Stock Exchange (NYSE), said that the company plans to expand exploratory activity in Brazil this year and in 2021. He did not give details about the activities, but, as published, the oil company is expected to drill a... Continue Reading →
Mar 04, 2020 New worldwide standard for sulphur rates in marine fuels has generated an unique opportunity for the company Petrobras has set a new record this year in February for fuel oil exports, reaching the 238 thousand barrels per day mark and exceeding one million tons this month. The new world standard for marine... Continue Reading →
Brazil Energy Insight 