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May 6, 2020 The Collective Board of ANP approved in Deliberative Circuit No. 411, of April 6, 2020, the final versions of the revision of the public notice and the new model of contract for the Permanent Offer. The final versions were sent to the Federal Audit Court (TCU), under the terms of Normative Instruction... Continue Reading →
May 5, 2020 ANP published the Monthly Bulletin of Oil and Natural Gas Production with detailed data for March 2020. This month, 3,739 MMboe / d (million barrels of oil equivalent per day) were produced, of which 2,973 MMbbl / d ( million barrels per day) of oil and 122 MMm3 / d (million m3... Continue Reading →
Thai energy company PTT Exploration and Production Pcl said on Monday its joint venture had made two deep-water oil discoveries in the Salina Basin, offshore Mexico. The Mexican subsidiary of PTTEP, Thailand's largest oil and gas producer, and three partners including the Mexican subsidiary of Spain's Repsol SA, will be assessing commercial potential of the... Continue Reading →
May 4, 2020 Petrobras exported 1 million barrels of oil per day in April. This represents a new oil export record and contributes to strengthening the company's cash flow. The previous record was 771 thousand barrels per day, set in December 2019. The result occurs in a challenging period of the world economy, with high... Continue Reading →
Apr 30, 2020 Karoon announced on Thursday that it will eliminate discretionary and capex costs, except for those involving the acquisition of the Baúna field, in the Santos Basin. Regulatory approvals and contracting of the project's FPSO in the Santos Basin have been hampered by the pandemic. The company will also cut costs, including shrinking... Continue Reading →
Apr 30, 2020 Petrobras intends to acquire Equinor's stakes in blocks ES-M-598 and ES-M-673, in deep waters in the Espírito Santo Basin. They are operated by the Norwegian company with a 40% stake, in partnership with Petrobras (40%) and Enauta (20%). At the end of the operation, Petrobras will hold an 80% interest in both... Continue Reading →
Apr 30, 2020 This week the company delivered the Environmental Impact Report (Rima) for the campaign for blocks BM-C-753, BM-C-789 (concession, in Campos), BM-S-536, BM-S-647 (concession, in Santos) and Titã (sharing, in Santos). - Indicative schedule foresees the drilling of two firm Titã wells and in BM-C-789, between July and January 2021, followed by contingent... Continue Reading →
-Petrobras, Brazil’s state-controlled oil giant, is plowing through a global oil glut expecting that exports to China will soon rebound, and with extensive storage capacity helping it endure in the meantime. Demand destruction from the Covid-19 pandemic has prompted producers globally to shut in barrels nobody wants. While there’s no real winners with oil prices... Continue Reading →
Malaysian FPSO supplier Yinson has signed a deal with Japan's Sumitomo for the latter's participation in the Marlim FPSO project. Yinson said Thursday that the two companies concluded an agreement for their participation in the charter, operations, and maintenance of FPSO Anna Nery, an FPSO for Petrobras' Marlim revitalization project in Brazil. Continue reading
The negative effects of the global recession caused by the public health crisis did not substantially impact Petrobras’ production and sales performance in the first quarter, according to the Brazilian oil company’s production and sales report. Petrobras said on Monday that the average production of oil, NGL, and natural gas was 2,909 kboed, resulting in... Continue Reading →
Brazil Energy Insight 