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Dec 27, 2019 Equinor, as operator, on behalf of the BM-S-8 and Norte de Carcará consortiums, informs that it has submitted to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the Declarations of Commerciality of the Carcará discovery, in the area of Santos Basin pre-salt. Together with the Declarations of Commerciality, the consortia... Continue Reading →
S&P Global Ratings could boost Brazil’s sovereign rating if a cut in its deficit as a percentage of GDP is confirmed, according to an interview published on Thursday with the credit firm’s lead analyst for the country. South America’s largest economy needs to see reduced debt, higher economic growth and continued structural reforms in order... Continue Reading →
December 23, 2019 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/03/2019, announces that it has started the binding phase referring to the sale of its interest in two onshore exploratory blocks, located in the Espírito Santo Basin. Qualified parties for this phase will receive a process letter with instructions on... Continue Reading →
December 23, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 12/16/2019, referring to the sale of its interest in the concession BM-P-2, located in the Pelotas Basin, reports that it has extended until 01/15/2020 the notification deadline for companies to express their interest on the opportunity. There is no prejudice... Continue Reading →
December 23, 2019, Brazil Oil and natural gas production in November totaled 3.950 million barrels of oil equivalent per day (MMboe / d), of which approximately 3.090 million barrels per day (MMbbl / d) of oil and 137 million cubic meters per day ( MMm³ / d) of natural gas. The month's production surpassed the... Continue Reading →
December 20, 2019 Ibama denied Petrobras' request to drill an exploratory well in block area BM-P-2 in the Pelotas Basin. The environmental agency recently closed the licensing process, due to technical uncertainties that were not clarified by Petrobras. Petrobras and Total trying to sell the asset. The teaser, which marks the start of the sale,... Continue Reading →
Norwegian vessel owner Solstad Offshore has signed contracts for several of its vessels for work in the North Sea, New Zealand, Papua New Guinea, and Brazil. Solstad said on Friday that TechnipFMC had extended the present frame agreement with Solstad for ploughing/trenching duties in the North Sea by one year. As part of the extension,... Continue Reading →
For the past three months, thick crude oil blobs have washed up on beaches along more than 4,400 kilometers (2,700 miles) of Brazil’s coastline, mangroves and reefs in the worst oil spill in the country’s history. The exact date the oil first reached Brazil’s shores is unclear, but government reports point to August 30. As... Continue Reading →
20/12/2019 Petrobras reports on divestments in the biofuels segment. The company guideline to exit this segment, announced in 2016, accelerated in 2019 and four important transactions were carried out this year: - Sale of stake in Belem Bioenergia Brazil (BBB) - Petrobras Biocombustível S.A. (PBio), a Petrobras subsidiary, has completed the sale of 50% of... Continue Reading →
20/12/2019 Petrobras, following up on the release dated on October 4, 2019 informs the beginning of the binding phase related to the sale of Gabriel Passos Refinery (REGAP) in Minas Gerais, with its corresponding logistical assets. Potential buyers qualified for this phase will receive a process letter with detailed instructions on the divestment process, including... Continue Reading →
Brazil Energy Insight 