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April 9, 2020 Petróleo Brasileiro S.A. - Petrobras reports that it has been working to reduce the impacts of the COVID-19 (coronavirus) pandemic on the natural gas chain, since the slowdown in the Brazilian and the global economic activity has the direct effect of reducing the market consumption of natural gas. Therefore, Petrobras proposed the... Continue Reading →
Just a bit more than 3 weeks ago, the head of Argentina’s state-run driller outlined an aggressive $1.8 billion spending plan for 2020 in the country’s Vaca Muerta shale region, based on $60-a-barrel crude. With global prices starting the year above $68, it wasn’t unrealistic. Now, all bets are off. Continue reading
March 31, 2020 Petróleo Brasileiro S.A. – Petrobras reports that it has started the opportunity disclosure stage (teaser), regarding the sale of its remaining stake (10%) in Nova Transportadora do Sudeste S.A. (NTS). The teaser, which includes key information about the opportunity, as well as the eligibility criteria for selection of potential participants, is available... Continue Reading →
Mar 25, 2020 ANP is launching today (3/25) the “Study on the Use of Pre-Salt Natural Gas”. The publication focuses on increasing the commercialization and participation of natural gas from the Pre-Salt in the country's energy matrix, in line with the guidelines established in Resolutions nº 10/2016, 17/2017 and 16/2019 of the National Energy Policy... Continue Reading →
March 18, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the pressm release disclosed on February 27, 2020, regarding the sale of its entire 51% stake in Petrobras Gás S.A. (Gaspetro), announces the postponement of the deadline to qualify potential buyers for the non-binding phase for April 30, 2020. The adjusted teaser is available... Continue Reading →
Golar Power Ltd has signed a ‘protocol of intentions’ with the State Government of Pernambuco to develop an LNG import terminal in the Port of Suape, located in northeast Brazil. With operations scheduled to start in 2H20, the project includes infrastructure for the supply of natural gas and LNG to generate electricity, in addition to... Continue Reading →
March 13, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on 01/17/2020, announces the beginning of the binding phase related to the sale of its remaining stake (10%) in Transportadora Associada de Gás S.A. (TAG). Potential buyers qualified for this phase will receive a process letter with detailed information on... Continue Reading →
IKM said on Tuesday that the scope had included a pipeline concept study for gas export from the BM-C-33 field to the coast of the Rio de Janeiro state in Brazil. According to the company, this work will be a continuation of the IKM Ocean Design commitment to support Equinor’s major projects with innovative and... Continue Reading →
March 9, 2020 - Petróleo Brasileiro S.A. - Petrobras reports that today it signed an agreement with Eagle Exploração de Óleo e Gás Ltda. (Eagle) for the sale of 100% of its stakes in four onshore fields, located in the Tucano Basin, in the countryside of the state of Bahia, for US$ 3.01 million. The... Continue Reading →
March 6, 2020 - Petróleo Brasileiro S.A. - Petrobras, following the press release disclosed on December 30, 2019, reports that it has entered into a new amendmentto the natural gas supply agreement (GSA) with Yacimientos Petrolíferos Fiscales (YPFB). The amendment signed today refers to the volume of gas contracted in 1999, at the beginning of... Continue Reading →
Brazil Energy Insight 