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(Reuters) - A BP Plc (BP.L) and Shell Plc (SHEL.L) consortium have reached an agreement with Trinidad and Tobago to explore three deepwater blocks for hydrocarbon production in the Caribbean country, Minister of Energy Stuart Young said on Thursday. The deal would help Trinidad speed up offshore exploration and production to secure more natural gas to support its liquefied... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, as a partner in the BM-C-33 consortium, informs that the operator Equinor Energy do Brasil Ltda submitted to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), on September 20, 2023, the declarations of commerciality of the oil accumulations located in the BM-C-33 Concession area. Petrobras acquired a 30%... Continue Reading →
(Reuters) Uruguay state-run energy firm Ancap is set to agree to final terms for a record number of seven offshore exploration licenses next month, a senior executive told Reuters, as the frontier market lures bets from global players like Shell. To date no oil or gas has been found in Uruguayan waters, but the licenses... Continue Reading →
Brazil will likely end up exploring the Equatorial Margin for oil but state-run Petrobras should adopt a "cautious" approach given the need for precautions to protect the environment, Finance Minister Fernando Haddad said on Sunday. The Equatorial Margin is some 2,200 kilometers (1,370 miles) of deepwater and ultra-deepwater assets along Brazil's northern and northeastern coast. "We may need oil from the Equatorial Margin on... Continue Reading →
ANP published today (15/9) the English version of the tables and graphs of the Statistical Yearbook, with a summary of the main information on the evolution of the oil, natural gas and biofuels sector in Brazil in 2022. The data in Portuguese had already been released by the Agency in June. Total oil reserves increased... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed to the market on 09/13/2023, informs that the request to start the environmental licensing process for ten areas in the Brazilian sea for the development of offshore wind energy projects aims to assess the technical-economic and environmental viability of areas with strong potential for... Continue Reading →
(OM) Azule Energy, the joint venture between BP and Eni, and Equinor have signed a production sharing agreement for block 31/21 offshore Angola with the country’s National Agency of Petroleum, Gas and Biofuels. The award, related to Angola’s 2021/2022 Limited Offshore Licensing Round, covers a 4,500-sq km deepwater area in the Lower Congo basin, 170... Continue Reading →
(Reuters) Shell has given financial approval for the development of the massive Manatee gas field offshore Trinidad and Tobago, the country's Prime Minister Keith Rowley said on Thursday. Trinidad is Latin America's largest LNG exporter, but its flagship Atlantic LNG project no longer receives enough gas supply to keep its four liquefaction units running. The government in... Continue Reading →
(Reuters) - Guyana on Wednesday received bids for eight of 14 offshore oil and gas exploration blocks offered in its first auction, including from groups formed by Exxon Mobil (XOM.N) and TotalEnergies (TTEF.PA), according to the government and documents seen by Reuters. The South American country wants to quickly expand its energy industry and recruit a wider range... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has submitted a request with Ibama to start the environmental licensing process for ten areas in the Brazilian sea intended for the development of offshore wind energy projects. Of this total, seven areas are in the Northeast (three in Rio Grande do Norte, three in Ceará and... Continue Reading →
