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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 →
March 2, 2020 French oil company expects to reach average production of 150,000 barrels a day in the country in five years Enthusiastic with the portfolio built in Brazil in recent years, the French oil company Total plans to invest between US $ 600 million and US $ 700 million per year in exploration and... Continue Reading →
International energy consultancy Xodus Group has launched a new analysis showing that a rapid pivot to gas would be required to deal with rising global energy demand. Xodus said on Friday that, in contrast to some recent future energy scenarios, it believed worldwide energy consumption would continue to increase, driven by economic growth in developing... Continue Reading →
February 27, 2020 -Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire 51% stake in Petrobras Gás S.A. (Gaspetro). The teaser, which includes key information about the opportunity, as well as the eligibility criteria for selection of potential participants, is available here:Teaser-Gaspetro-Ingles-completo... Continue Reading →
Oil companies produced 3.17 million barrels per day (bpd) on average in Brazil in January, a volume 20.4% larger than seen in the same month a year earlier and an output record for the country, oil regulator ANP said on Wednesday. Natural gas production increased 22% over January 2019 to 138.7 million cubic meters per... Continue Reading →
February 18, 2019 Large production growth is believed to result in lower prices due to competition The current government has invested in the potential of pre-salt gas to reduce the cost of energy in Brazil. For Minister Paulo Guedes, the resumption of sustainable growth involves the reindustrialization of the country, based on the increased competitiveness... Continue Reading →
Brazil Energy Insight 