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(TN) Petrogal Brasil was the winner of the direct sales process carried out by Pré-Sal Petróleo (PPSA) this August 31st, to market the first oil cargo, of 500 thousand barrels, arising from the oil sharing production contract of Sepia and which will be available for loading in the last quarter of the year. Ten companies... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 05/13/2022, informs that the Administrative Council for Economic Defense (CADE), in a court session held on this date, approved the transaction for the sale of the Isaac Sabbá Refinery (REMAN) to Ream Participações S.A., through the execution of an Agreement in Concentration Control... Continue Reading →
(TN) Pre-Sal Petróleo (PPSA) is selling the first oil cargo from the Sepia production sharing contract. The company sent an invitation letter to the market for ten companies that already registered for operations in the pre-salt layer, offering, through direct sales, a load of 500 thousand barrels for loading in the last quarter of the... Continue Reading →
(Reuters) - Brazilian antitrust regulator CADE on Tuesday approved the sale of Petrobras' (PETR4.SA) REMAN refinery to Ream, which is part of the Atem group, but decided the buyer will have to take measures to guarantee that other fuel distributors have access to the plant's waterway terminal. The approval with restrictions came in a 6-1 CADE board... Continue Reading →
(Reuters) - Progress to relaunch oil major Chevron Corp's (CVX.N) operations in Venezuela under U.S. sanctions on the country depends on licenses from Washington, Venezuelan oil minister Tareck El Aissami said on Tuesday. The U.S. Treasury Department in May renewed a license that allows Chevron to operate in Venezuela under very restrictive terms. The company had requested... Continue Reading →
Aker Solutions, Schlumberger and Subsea 7 have entered into agreements to form a joint venture, with the goal of delivering a step change in subsea production economics. The proposed joint venture will comprise the subsea businesses of Schlumberger and Aker Solutions, with Subsea 7 purchasing 10% of the joint venture. The business is expected to... Continue Reading →
(PN) Even with the Permanent Offer assuming the role of the main modality of bidding for oil and gas areas in the country, the government seems not to have given up on holding at least one more traditional round with pre-salt areas. This week, the board of the National Petroleum Agency (ANP) approved the geological... Continue Reading →
(Reuters) - Trafigura has been prevented from bringing fuel to Mexico months after the lifting of import restrictions on the global commodities trader, federal court documents showed, underscoring the roadblocks that foreign energy companies continue to face. The Geneva-based company in April convinced a federal court judge in Mexico City to lift the suspensions, according... Continue Reading →
(PN) The board of the National Petroleum Agency (ANP) approved the inclusion of 218 blocks from the Equatorial Margin in the Permanent Offer system, under the concession regime. The added blocks are located in the Foz do Amazonas, Pará-Maranhão, Barreirinhas, Ceará and Potiguar basins, in deep and ultra-deep water marine environments. According to the ANP,... Continue Reading →
Norway’s government agency responsible for the regulation of petroleum resources believes that the country’s gas can enable Europe to achieve its energy transition goals. To make this happen, investments in unlocking new oil and gas resources and improving the recovery from existing ones are important to limit the production decline and maintain the country’s role... Continue Reading →
Brazil Energy Insight 