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Sept 17, 2020 Oil and gas services provider Sapura Energy has announced two major project wins in South America, as well as a drilling contract win in the Ivory Coast. Sapura Energy said on Thursday that the total value of the three contracts is RM 840 million ($203.4 million), bringing the company’s total wins to-date... Continue Reading →
Sept 17, 2020 Plans by European oil companies to increase their renewable power capacity are driving up the price tags on renewable businesses and projects, the CEO of British renewables and network company SSE, told Reuters. BP, Shell, and Total have all announced renewable expansion plans this year to reduce their reliance on fossil fuels and meet internal... Continue Reading →
Sept 16, 2020 The ANP approved, in the beginning of September, five more expressions of interest presented by operators for the extension of exploratory deadlines due to the covid-19 pandemic. Petrobras, ExxonMobil and BP got more time to analyze their projects due to the pandemic. The possibility of extension, which applies both to the First... Continue Reading →
Sept 16, 2020 Cade approved, without restriction, the acquisition, by OP Pescada (Ouro Preto Oil & Gas subsidiary), of the 65% stake of Petrobras in Polo Pescada, which comprises the fields of Pescada, Arabaiana and Dentão, located in shallow waters of Potiguar Basin. The conclusion of the acquisition makes OP Pescada 100% holder and operator... Continue Reading →
September 15, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 07/27/2020 and 08/11/2020, informs the beginning of the binding phase regarding the sale of its entire stake in the exploratory portion of the Tayrona Block, located in the Guajira Basin, Colombia. Potential buyers qualified for this phase will receive a... Continue Reading →
Sept 15, 2020 Brazilian oil production will grow rapidly in the coming decades, from the current level of 3 million barrels / day to a peak of 4.3 million to 5 million barrels daily, according to estimates of “Energy Outlook 2020”, published on Monday by British oil company BP. Even with the growth in oil... Continue Reading →
September 14, 2020 Petróleo Brasileiro S.A. – Petrobras hereby announces that the National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved the change in the name of the Lula field to Tupi field. The approval is aimed at complying with the ruling of July 7, 2020, in a citizen lawsuit, which ordered the... Continue Reading →
Sept 14, 2020 President Jair Bolsonaro approved the resolution of the National Council for Energy Policy (CNPE) that deals with the extension of oil and gas exploration and production contracts in Brazil. The text allows the National Petroleum Agency (ANP) to extend the term of the concession contracts signed as of the 1st Bidding Round,... Continue Reading →
Apache Corporation has gathered further reservoir and technical data from its Kwaskwasi-1 discovery well located in Block 58 offshore Suriname and started drilling at another location within the block. Apache announced a major oil discovery at the Kwaskwasi-1 well drilled in Block 58 in late July 2020. The Kwaskwasi-1 was drilled to a depth of approximately... Continue Reading →
Sept 14, 2020 Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP said in a forecast. BP's 2020 benchmark Energy Outlook underpins Chief Executive Bernard Looney's new strategy to "reinvent" the... Continue Reading →
Brazil Energy Insight 