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January 13, 2020 Pre-Sal Petróleo PPSA, company linked to the Ministry of Mines and Energy, raised approximately R $ 848 million for the Union in 2019. The proceeds refer to the commercialization of the Union's oil and gas portion in production sharing contracts and Equalization. Expenditures and Volumes (EGV) of the Sapinhoá, Tartaruga Verde and... Continue Reading →
I admire the tenacity of the Brazilian prosecutors... Jan 9, 2020 The loss was almost R$5.5 billion in contributions from Petros, Funcef, Previ and Valia in the fund created by Sete Brasil. The company built platforms for pre-salt exploration. Task Force Greenfield filed a new complaint against 29 people responsible for the management of the... Continue Reading →
Jan 8, 2020 About four months after starting drilling in block S-M-623, where the Sagitario prospect is located, Petrobras made its first notification of oil evidence in the area. The discovery took place at well 3-BRSA-1370-SPS, at 1,841 meter water depth, which is being drilled with the ODN I rig. The resumption of exploratory activity... Continue Reading →
January 9, 2019 Number of authorizations for seismic and drilling campaigns increased over previous year Ibama authorized, last Wednesday (8/1), SpectrumGeo to carry out a 2D seismic campaign in the Pará-Maranhão Basin. In the licensing process, it is stated that the BGP Pioneer vessel, from Chinese BGP, will conduct the work. The issuance of environmental... Continue Reading →
Rising oil prices are bolstering the numbers of floating production systems on-order or in the planning stage, with fresh orders from Northern Europe and Brazil merely adding to a buoyant market, a new report says. In the doldrums just a few years ago, the market for floating production and storage units (FPSO); floating liquefied natural... Continue Reading →
Jan 7, 2020 Pre-Sal Petróleo (PPSA), which is responsible for representing the Union in the production sharing agreements, has signed with Petrobras an agreement for the commercialization of the gas production of the Union of Southwest Tartaruga Verde Field. The agreement will be effective from January 1 to December 31, 2020 and provides that the... Continue Reading →
January 6, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on December 13, 2019, reports that it has received new correspondence from the National Bank for Economic and Social Development (BNDES) in which it reports that it has invited Banco de Investimentos Credit Suisse (Brasil) S.A., Bank of America Merrill Lynch... Continue Reading →
January 3, 2020 Petróleo Brasileiro S.A. - Petrobras, informs that, due to the latest events in Middle East, it will carry on with its international market monitoring process. The company points out that, according to its current pricing practices, there is no pre-defined frequency for applying adjustments. The company will continue to monitor the market... 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 →
2 JAN 2020 Brazil's oil exports reached a record in December and are expected to continue to grow in the coming months and years, given a significant advance in production in the pre-salt fields, which could place Brazil among the top five global producers. The country exported 8.72 million tons in December, more than double... Continue Reading →
Brazil Energy Insight 