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Oct 15, 2019 Financing obtained by Australian oil company from ING Bank will have a maturity of four years Karoon has signed a US $ 275 million line of credit for the acquisition of the Baúna field in the southern Santos Basin. With a four-year maturity, funding from ING Bank N.V's Singapore branch provides for... Continue Reading →
The first version of the Indicative Gas Pipeline Plan (IGP), prepared by EPE, mapped 11 potential projects for the extension of the natural gas transmission network, totaling about 2,000 km of new pipelines. - They represent an estimated investment of R $ 17 billion, to increase the national transportation capacity by 124 million m³ /... Continue Reading →
Oct 15, 2019 Four more qualified for the ANP 6th pre-salt sharing auction: Enauta, Equinor and Petrogal (operators A) and Cepsa (non-operator). As a result, the number of companies able to participate in the auction rises to 17. - Equinor already operates pre-salt projects, such as Carcará, in Santos, and Pão de Açúcar, in Campos;... Continue Reading →
October 11, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it signed today with Imetame Energia Lagoa Parda Ltda, wholly owned subsidiary of Imetame Energia Ltda, a contract for the sale of its entire working interest in the onshore fields of the Lagoa Parda Cluster, located in Espírito Santo state, near the city of Linhares.... Continue Reading →
Oct 11, 2019 After two years of auctions dominated by Petrobras and ExxonMobil, the 16th Round oil and gas exploration concessions was dominated by Petronas from Malaysia and QPI from Qatar. These were the companies that invested the most in the acquisition of assets in the bidding: R $ 3.72 billion in total. The amount... Continue Reading →
October 11, 2019 At its peak, the agency expects production to reach 500,000 barrels. Minister says bonus paid was triple of expected The twelve auctioned blocks will require the installation of three to four new platforms between Rio de Janeiro and Sao Paulo, according to the National Petroleum Agency (ANP). The auctioned off areas in... Continue Reading →
Oct 11, 2019 PPSA's Contract Management Director, Hércules Silva, leaves the command of the area on the 31st. The dismissal request was accepted by the company's Board of Directors, which is responsible for managing the Union's portion of the procuction sharing contracts. - This will be the third change in management since President Jair Bolsonaro... Continue Reading →
Oil major Chevron has been awarded two offshore blocks in the Santos and Campos basins as part of Brazil’s 16th Bidding Round for oil and gas exploration blocks, with its partners Wintershall Dea and Repsol. Wintershall Dea said on Thursday it would hold an interest of 20% in the blocks S-M-766 and C-M-845, alongside its... Continue Reading →
The company said on Thursday that the tender comprised the delivery of a significant number of manifolds for a deepwater field. Subject to completion of internal processing by the client, Aker Solutions expects to enter into exclusive negotiations for a potential contract award. The company has not revealed any further details about the project. Aker... Continue Reading →
France’s Total SA (TOTF.PA), the big winner in a Brazilian auction of offshore oil concessions on Thursday, said it will not participate in a bigger auction scheduled for Nov. 6 of the so-called Transfer of Rights area in Brazil’s pre-salt region. The company’s chief executive officer, Patrick Pouyanné, said in a statement that was because... Continue Reading →
Brazil Energy Insight 