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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 →
July 10, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on May 15, 2020, announces the beginning of the binding phase regarding the sale of its entire 51% stake in Petrobras Gás S.A. (Gaspetro). Qualified parties for this phase will receive a process letter with detailed instructions on the divestment... Continue Reading →
Brazilian state-controlled oil company Petrobras is considering installing offshore units to liquefy the growing natural gas production from the so-called pre-salt area, the company's emissions and climate change manager said during a webinar on Friday. Liquefied natural gas units could be an alternative for the gas associated with oil produced at the deep-water exploratory region... Continue Reading →
July 03, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on May 15, 2020, announces the beginning of the binding phase regarding the sale of its 10% remaining stake in Nova Transportadora do Sudeste S.A. (NTS). Potential buyers qualified for this phase will receive a process letter with detailed instructions... Continue Reading →
July 2, 2020 The German group Siemens has entered into a partnership with Total to apply new concepts in the production of green Liquefied Natural Gas (LNG). As part of the contract, the Siemens Gas and Power subsidiary is already conducting studies on possible projects for power generation and liquefaction plants, with the ultimate goal... Continue Reading →
June 29, 2020 Petróleo Brasileiro S.A. – Petrobras reports that the platforms (P-74, P-75, P-76 and P-77) installed in the Búzios field, in the Santos Basin pre-salt, reached new production records on the 27th of this month, of 664,000 barrels of oil per day (bpd) and 822,000 barrels of oil equivalent per day (boed). The... Continue Reading →
Brazil Energy Insight 