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ANP forecasts a gradual growth in production in the coming years, reaching 571.5 thousand m³ / day (3.6 million barrels per day) of oil and 173.2 million m³ / d of natural gas in 2025 . - It represents an increase of 23% in relation to 2021, in the case of oil, and 34% in... Continue Reading →
(Reuters) - French oil group Total said on Monday it had acquired Fonroche Biogaz, a leading producer of renewable gas in France with nearly 500 gigawatt-hours of installed capacity. The latest acquisition comes amid a broader push by the firm to build up its presence in electricity markets and in renewable energy and reduce its... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras reports that it has registered records in its 2020 annual oil production and total annual production (oil and gas) of, respectively, 2.28 million barrels per day (bpd) of oil and 2.84 million barrels of oil equivalent per day (boed). The previous records occurred in 2015 and were 2.23 million bpd... Continue Reading →
Forship Engenharia, a Brazilian company that has been operating for more than two decades in the oil and gas sector, with strong expertise in commissioning, maintenance and operation of assets, was selected by Petrobras to operate the utilities plant of the Natural Gas Processing Unit ( UPGN) of the Integrated Route 3 Project, at the... Continue Reading →
(Reuters) - EIG Global Energy Partners has sold its stake in the Brazilian portion of the Bolivia-Brazil natural gas pipeline, widely known as Gasbol, to Fluxys Belgium NV, the chief executive officer of the U.S.-based company said on Tuesday. The sale of EIG’s 27.5% stake in the Brazilian part of the pipeline for an undisclosed... Continue Reading →
Oil demand from China has been one of the few bright spots for a global petroleum industry severely impacted by a long-term global supply glut and the economic fallout from the COVID-19 pandemic. The world’s second-largest economy hunger for energy keeps growing despite the global COVID-19 pandemic and a resultant sharp decline in global economic... Continue Reading →
Exxon Mobil Corp signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth-quarter results, but the gains would be overshadowed by an up to $20 billion asset write down. The largest U.S. oil producer has posted losses in the first three quarters of 2020 on an ill-timed... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on November 30, 2020, regarding the divestment of Petrobras Gás S.A. (Gaspetro), informs that it received on 12/22/2020 a letter from the Administrative Council for Economic Defense (CADE) in which the agency attests that the continuation of the company Compass Gás Energia S.A. (Compass)... Continue Reading →
Royal Dutch Shell has acquired a 50% operating stake in the Fuerte Sur, Purple Angel and COL-5 blocks, located in deep water off the Colombian Caribbean coast, from Colombia’s state-owned oil company, Ecopetrol. Shell’s (RDS.A) involvement is seen as a great opportunity for Colombia to develop its energy potential in a safe and efficient manner.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on November 4, 2020, informs the beginning of the non-binding phase, referring to the sale of all of its stakes in a set of 28 onshore production field concessions, with integrated facilities, located in the Recôncavo and Tucano Basins, in different municipalities of the... Continue Reading →
Brazil Energy Insight 