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May 19, 2023 - Petróleo Brasileiro S.A - Petrobras informs that it answered, on today's date, to the requests contained in Official Letter nr. 386/2023/GM-MME, from the Ministry of Mines and Energy ("MME"), in the terms below: Regarding the denial by IBAMA of the environmental licensing process for Block FZA-M-59 in Amapá Águas Profundas, Petrobras... Continue Reading →
(Reuters) - A decision by Brazil's environmental regulator to block state-owned oil company Petrobras' Amazon oil project has exposed tensions in President Luiz Inacio Lula da Silva's coalition between green advocates and those prioritizing economic development. Ibama, late on Wednesday, said it would block a request by state-run oil giant Petrobras (PETR4.SA) to drill at the Amazon mouth near... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has received news about IBAMA's rejection, yesterday, of the environmental licensing process for Block FZA-M-59 in Amapá Águas Profundas. The company also informs that it has not been officially notified by the agency, and as soon as it is notified it will formulate a request for reconsideration... Continue Reading →
Qatar’s state-owned energy giant QatarEnergy has entered into two production sharing contracts (PSCs) for two blocks offshore Suriname, following successful bids for these blocks. Back in June 2021, Chevron and a consortium between TotalEnergies and QatarEnergy submitted winning bids for blocks offered in the Suriname Shallow Offshore (SHO) Bid Round 2020/2021, which closed for bidding on 30 April.... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) is not giving up on oil exploration in Brazil, the company's country chief Alberto Ferrin said on Monday during the Offshore Technology Conference (OTC) in Houston. "I would say very crystal clear that Exxon Mobil is not quitting exploration in Brazil at all," Ferrin said, disputing a U.S. newspaper report published last month.... Continue Reading →
(epbr) The equatorial margin, the region where the promising Foz do Amazonas Basin is located, has already been called the "new pre-salt layer" by the Minister of Mines and Energy, Alexandre Silveira (PSD), and is an important part of Petrobras' exploratory strategy in the coming years. years. But, due to lack of environmental licensing, no... Continue Reading →
Reuters) - Brazilian environmental agency Ibama has recommended the rejection of state-run oil firm Petrobras' (PETR4.SA) request to drill a well in the mouth of the Amazon River Basin, documents seen by Reuters showed on Friday. Signed last week by several environmental analysts from Ibama, the report also recommended the agency stop processing environmental licenses for the... Continue Reading →
Challenger Energy said Wednesday that it had identified three sizeable prospects in its AREA Off-1 offshore block in Uruguay of between 1 to 2 billion barrels and that the company said it would launch a farm-out process "following unsolicited interest from a number of industry counterparties." The company said that an initial prospect inventory of... Continue Reading →
(OE) Norwegian energy regulator NVE on Tuesday recommended 20 areas suitable for deploying offshore wind farms that will help meet a 2040 target for 30 gigawatts (GW) of capacity. The areas, dotted along Norway's vast coastline, were the ones believed to offer the least potential for conflict and could fit more than 30 GW, NVE... Continue Reading →
(OE) Oil and gas company Sintana Energy said Friday that over 50% of 3D seismic survey data has been gathered from Petroleum Exploration License 87 (“PEL 87”) and the surrounding area in the Orange Basin offshore Namibia. To remind, Australian oil giant Woodside in March signed an option agreement to acquire at least a 56%... Continue Reading →
Brazil Energy Insight 