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Expanding output from the pre-salt province starts to bear fruit for the Brazilian company Petrobras, the Brazilian state-owned oil company, recorded strong production performance across the third quarter, as record figures in the pre-salt region helped boost the firm’s upstream portfolio. Total hydrocarbon output for the quarter reached 2.88mn bl oe/d, a 9.3pc increase over... Continue Reading →
Norway's Equinor ASA is scouting locations on Brazil's coast to install new natural gas infrastructure, the company's Brazil chief said, as the firm's gas-heavy offshore fields come on-line in the coming years. Natural gas is considered both a promising opportunity and a vexing problem in Brazil. The Latin American oil powerhouse is rapidly developing a... Continue Reading →
An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according to people familiar with government estimates. Exxon Mobil Corp., Royal Dutch Shell Plc and other energy giants are set to vie for deep-sea deposits that could hold 15 billion barrels... Continue Reading →
Oct 21, 2019 The National Council of Energy Policy - CNPE, approved the blocks for the 17th Bidding Round, in the Concession modality, scheduled for 2020. 128 blocks will be offered in the maritime sedimentary basins of Pará-Maranhão, Potiguar, Campos, Santos and Pelotas, totaling 64.1 thousand km². The blocks selected for the event are in... Continue Reading →
October 21, 2019 Shell announced the sale of 30% of its stake in the project Gato do Mato, which includes exploratory blocks BM-S-54 and Sul de Gato do Mato, in the Santos Basin, to Ecopetrol. With this operation, which has to be approved by the National Petroleum Agency (ANP) and the Administrative Council for Economic... Continue Reading →
Oct 18 ,2019 Field areas in the Campos Basin should be included in the ANP permanent offer regime. Petrobras informed the ANP of its interest in voluntarily returning the areas of modules 1 and 2 of the Espadarte field in the Campos Basin. If the order is approved, the areas - which have not been... Continue Reading →
October 17, 2019 Petrobras plans to begin production testing on its Sergipe deepwater discoveries in November, the company told the National Petroleum, Natural Gas and Biofuels Agency (ANP). The project had to be postponed for one year for maintenance at FPSO Cidade de São Vicente. The agency's board approved the new project schedule on... Continue Reading →
Australia’s BHP has drilled two additional exploration wells as part of a deepwater drilling campaign offshore Trinidad and Tobago with one discovery made, and one well classified as dry. BHP said in its operational update for the third quarter published on Thursday that the two wells were located in the Northern licenses and were a... Continue Reading →
October 17, 2019 CNPE will evaluate proposed inclusion of assets located within the polygon that have already been auctioned or returned On the agenda of the next meeting of CNPE, the inclusion of exploratory blocks located within the pre-salt polygon in the permanent offer regime was approved by the ANP board of directors meeting .... Continue Reading →
ONGC Videsh, international business of the Indian oil company ONGC, has announced two discoveries in Brazil and Colombia. The company on Wednesday said it had made a major gas discovery at the Moita Bonita-2 well in the deepwater block BM-SEAL-4, Brazil in the Sergipe Alagoas Basin. Petrobras as operator of BM-SEAL-4 consortium with ONGC Videsh,... Continue Reading →
Brazil Energy Insight 