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Brazil’s natural gas sector is poised for profound change. After years of intense focus on the country’s enormous pre-salt oil reserves, the government is finally shifting its efforts towards the domestic gas market. State energy firm Petrobras has been tasked with leading the vanguard for change. The Brazilian company is in the process of radically... Continue Reading →
Jul 23. 2020 Norwegian Norsk Hydro and electric company Golar Power signed a memorandum of understanding aimed at developing a liquefied natural gas (LNG) terminal in Barcarena, Pará. The project aims to allow Golar Power to supply gas to the Alunorte aluminum refinery, a Norsk unit near the port of Vila do Conde, also in... Continue Reading →
Colombia's state-run oil firm Ecopetrol has hired Doris Inc. for the provision of Consulting Engineering Services. The scope includes including studies, engineering, and support during the execution of offshore oil and gas developments. The contract is for a five-year period. Doris did not provide the financial details on the deal. Continue reading
July 20, 2020 The oil company Enauta reported estimate average daily production from the Atlanta field at 23,000 barrels of oil for 2020, according to a press release. For 2021, production in Atlanta, in the Santos Basin, should drop to 18,000 bpd, projected Enauta, emphasizing that the estimates have a negative or positive variation margin... Continue Reading →
Jul 17, 2020 Among the units licensed by Petrobras are four with a capacity to produce 225,000 bopd On Thursday (7/15), Petrobras requested a license from Ibama for the implementation of 12 FPSOs in the Santos Basin pre-salt and the reactivation of an FPSO in Mero (“FPSO Mero FR”). There are four new units for... Continue Reading →
Warren Buffett’s $9.7 billion bet on natural gas looks even more contrarian today. As Democrat Joe Biden unveils a staggering $2 trillion clean-energy plan—the most ambitious climate package ever offered by a presumptive presidential nominee—Buffett’s recent deal to buy Dominion Energy Inc.’s natural gas assets is a stark sign he’s expecting that the market’s shift... Continue Reading →
The global economy will not achieve a V-shaped recovery after the coronavirus epidemic, which will curtail oil and gas demand for years, Royal Dutch Shell's chief executive said. Ben van Beurden told an online interview with IHS Markit Chairman Dan Yergin that it was too early to know if demand for oil had peaked. Continue... Continue Reading →
July 14, 2020 Petrobras accepted only one proposal to adapt the gas submarine network of the project in the Campos Basin Mota Engil Engenharia was the only company to have a proposal accepted by Petrobras in the bid for the acquisition of goods and services to adapt the underwater gas network of Parque das Baleias.... Continue Reading →
July 14, 2020 Petróleo Brasileiro S.A. – Petrobras reports that the platforms installed in the Búzios field (P-74, P-75, P-76 and P-77), in the Santos Basin pre-salt, reached new production records yesterday, of 674,000 barrels of oil per day (bpd) and 844,000 barrels of oil equivalent per day (boed). The Búzios field, discovered in 2010,... Continue Reading →
July 13, 2020 The new coronavirus pandemic accelerated Petrobras' strategy of concentrating efforts on the pre-salt layer. The state-owned company, which had already been selling subsidiaries, announced plans in the last three months to reduce by 34% the number of employees (from 45,500 to 30,000), to close nine commercial buildings and leave half of the... Continue Reading →
Brazil Energy Insight 