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BP PLC, Chevron Corp and Royal Dutch Shell PLC are among firms that will compete for exploration and production rights off the Brazilian coast on Thursday, in the first of three oil bidding rounds scheduled for coming weeks. Combined, the minimum signing bonuses for the blocks in the so-called 16th post-salt oil bidding round in... Continue Reading →
October 9, 2019 Seventeen oil companies, among the industry giants and mid-sized companies, will compete tomorrow for 36 areas, focusing on deep and ultra-deep waters off the Southeast and Northeast coast, in the 16th Round of oil and gas exploration block concessions. The bidding process is the first in a sequence of three major auctions... Continue Reading →
Oct 8, 2019 The ANP board approved the extension of the Roncador field concession contract, in the deep waters of the Campos Basin, for another 27 years. Round Zero Field, the area also had its development plan approved by the agency. - Round Zero was the auction that ratified the fields that would be with... Continue Reading →
U.S.-based Chevron Corp said on Friday it signed an agreement with a unit of Royal Dutch Shell to buy a 40% stake in three deepwater blocks in the Mexican Gulf that the Anglo-Dutch firm won in auctions under the nation's energy reform. The deal was approved earlier this week by Mexico's oil regulator, the National... Continue Reading →
Oct 4, 2019 In October, the federal government should hold a meeting of the National Energy Policy Council to authorize the areas that will enter the auction in the 17th bidding round, scheduled for 2020. - The board of the National Petroleum Agency (ANP) last month approved the selection of 120 exploratory blocks for the... Continue Reading →
Oct 03, 2019 Wintershall DEA will make its first partial farm out in Brazil. The German oil company will sell stakes in the four deepwater blocks that operate in the Ceara and Potiguar basins - CE-M-601, POT-M-857, POT-M-863 and POT-T-865 -, said the director of Business and Government Affairs of the company in Brazil, Júlio... Continue Reading →
October 3, 2019 The National Petroleum Agency (ANP) Special Bidding Commission has qualified for the 6th pre-salt sharing round BP, Chevron, CNODC, CNOOC, ExxonMobil, Petrobras, Petronas, Repsol Sinopec and Shell as qualified operators. Also registered were the companies Ecopetrol, Murphy, QPI and Whintershall. The 6th round of pre-salt sharing is scheduled for November 7, one... Continue Reading →
Oct 02/2019 According to ANP, the August 2019, oil and natural gas production in Brazil totaled 3.828 million barrels of oil equivalent per day (MMboe / d). Oil production was approximately 2.989 million barrels per day (MMbbl / d), an increase of 7.7% from the previous month and 18.5% from August 2018. The volume exceeded... Continue Reading →
Brazil Energy Insight 