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(Reuters) - There were no counter-offers for oil and gas blocs in Colombia's latest licensing round, but contracts for 30 blocs which received bids will be signed in the coming days, the government said on Thursday. The oil and gas industry is a major source of income and foreign exchange for Colombia and the government... Continue Reading →
Strengthened by the recent bills approved by the government, the Permanent Offer of the National Petroleum Agency (ANP) will have its next auction on April 13, 2022, consequence of declaration of interest submitted by a company already registered in this auction modality. Thus, the 3rd Cycle of Permanent Offer begins, which will be carried out... Continue Reading →
(Reuters) Latin America's oil frontiers are back in the spotlight with auctions coming up in Brazil, Guyana, and the Andean region that are expected to attract bids from major oil firms despite a global call to end fossil fuel development. Brazil is set to receive bids on Friday for offshore oil reserves that analysts say are some of the most promising... Continue Reading →
The active portfolio management developed by Petrobras in 2021 resulted in the company's cash inflow of approximately US$4.8 billion by December 7th. These resources, which are essential for the company to be able to invest in assets that provide greater returns, are the result of the signing of the sale of 17 assets and the... Continue Reading →
(Reuters) - Erosion in the Amazon region has ruptured Ecuador's state-owned pipeline SOTE, the same problem that led to its shutdown last week, the Energy Ministry said on Tuesday. The collapse in the pipeline's tubing did not cause any environmental damage given it was empty following its suspension, along with the privately-owned OCP pipeline, last... Continue Reading →
Energy intelligence provider Wood Mackenzie, a Verisk business, believes that the oil and gas sector will continue to rebound in 2022, but the positive outlook will be tempered by concerns about its future. In its Global Upstream Outlook 2022, Wood Mackenzie points out the upstream industry must respond to the implications of the pledges made at COP26 and... Continue Reading →
RENEGOTIATION OF GAS CONTRACTS IN THE POTIGUAR BASIN 3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) informs its investors and the market in general that, through its subsidiaries 3R Macau S.A. (“3R Macau”) and 3R Pescada S.A.[1] (“3R Pescada”), signed on December 8, 2021 amendments to the purchase and sale agreements of pre-processed natural... Continue Reading →
The Special Tender Committee (CEL) approved the registration of one more company for the Permanent Offer: Ecopetrol Óleo e Gás do Brasil Ltda. With Ecopetrol, 69 companies have already signed up for the Permanent Offer. See the complete list: https://www.gov.br/anp/pt-br/rodadas-anp/oferta-permanente/inscricao-licitantes. The Permanent Offer is a modality of concession of blocks and areas with marginal accumulations... Continue Reading →
The National Petroleum Agency (ANP) approved today the reduction of the royalty rate levied on fields operated by small or medium-sized companies. In all, the agency granted a reduction in the charge for 36 fields, located in the states of Rio Grande do Norte (31), Espírito Santo (3), Bahia (1) and Sergipe (1). Small companies... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/24/2021, informs that it concluded today the sale of its total stake in nine onshore exploration and production fields, jointly called Miranga Cluster, located in the state of Bahia, to SPE Miranga S.A., a wholly owned subsidiary of PetroRecôncavo S.A. (PetroRecôncavo). After compliance... Continue Reading →
Brazil Energy Insight 