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Investment in Colombia's oil industry is set to grow by 23% in 2020, the private oil producers association said on Monday, although production will be effectively flat, increasing just 0.5% compared with the previous year. Investment in the Andean country's oil and gas industry this year will jump to $4.97 billion, up from $4.03 billion... Continue Reading →
January 10, 2020 The National Petroleum Agency (ANP) has scheduled for 2020 to hold three auctions of oil exploration areas. The bids, still undefined, should take place in the second half of the year and will offer 871 exploratory blocks, mostly in permanent offer areas. The agency will hold a public hearing to receive contributions... Continue Reading →
JAN 8 , 2020 SOTREQ Caterpillar dealer will supply a package consisting of seven 3.45 MW gas generators to Eneva, which is responsible for gas exploration in the Azulão field. It is a project that will be integrated with TPP Jaguatirica II, in Roraima. After liquefied and stored in the Azulão, the gas will be... Continue Reading →
January 3, 2020 - Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 12/02/2019, announces that it has started the binding phase referring to the sale of its interest in DóRé-Mi and Rabo Branco onshore fields, belonging to the BT-SEAL-13 Concession, located in the SergipeAlagoas Basin. Qualified parties for this phase will... Continue Reading →
December 23, 2019 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/03/2019, announces that it has started the binding phase referring to the sale of its interest in two onshore exploratory blocks, located in the Espírito Santo Basin. Qualified parties for this phase will receive a process letter with instructions on... Continue Reading →
December 19, 2019 Royalties are the most traditional form of taxation of mineral resources in the world. It is compensation for the exploitation of a mineral resource designed to ensure that future generations enjoy the benefits that exploitation of the non-renewable natural resource provides to the current generation. In the Brazilian case, according to Law... Continue Reading →
Dec 18, 2019 Petrobras plans to invest U$ 49.5 billion in production development projects between 2020 and 2024 The Buzios field, in the Santos Basin pre-salt, will receive the largest volume of investments foreseen in the Petrobras 2020-2024 Strategic Plan. The projection is that the asset will absorb U$ 18 billion over the next five... Continue Reading →
GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador today announced the expansion of its portfolio in Colombia following a new successful Agencia Nacional de Hidrocarburos (“ANH”) bid round and an... Continue Reading →
Dec 13, 2019 The National Energy Policy Council (CNPE) has approved the creation of the Committee for Revitalizing the Activities of Exploration and Production of Oil and Natural Gas in Land Areas of the REATE 2020 Program. It will propose measures to improve market conditions and to increase the attraction of small and medium-sized companies... Continue Reading →
Brazil “trigger” Most all, it’s drill bit “luck” and reserves that bankroll Equinor, and the company’s long struggle to stay in Brazil — through rising costs, political turmoil and deepwater doubt — might now produce Equinor’s new El Dorado. In a letter to Norwegian DN, CEO Saetre sounded off on Brazil, suggesting current production of... Continue Reading →
