The ANP published the Monthly Bulletin of the Production of Oil and Natural Gas, with the consolidated data of the national production in the month of June. Approximately 2,828 MMbbl/d (million barrels per day) of oil and 133 MMm3/d (million cubic meters per day) of natural gas were produced, totaling 3,664 MMboe/d (million barrels of... Continue Reading →
US Stays the Course Toward Offshore Wind Targets
(OE) The events of the last month have shown that, despite some negative factors, the impetus to continue to grow the U.S. offshore wind segment has lost little steam. The foundations are firmly in place to support the deployment of 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050. Two major... Continue Reading →
TotalEnergies Hails French Floating Pre-Selection
A consortium of TotalEnergies, Corio Generation and Qair has been pre-selected by the French Directorate General for Energy and Climate (DGEC) to participate in a competitive tender to develop two floating windfarms in the Mediterranean Sea.The two projects, of about 250 MW each, could supply enough clean energy to meet the annual electricity consumption of... Continue Reading →
ANP extends exploratory period for ExxonMobil blocks in Sergipe-Alagoas and Campos Basins
The National Petroleum Agency (ANP) extended the first exploratory period of four ExxonMobil blocks in Brazil. The measure will apply to areas SEAL-M-575, SEAL-M-637 and SEAL-M-505, in the Sergipe-Alagoas Basin; and also for block C-M-789, in the Campos Basin. The term extension was granted within the scope of ANP Resolution No. 815/2020, which allows for... Continue Reading →
Petrobras on giving Portugal’s Petrogal access to its gas processing units
- Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/30/2020, informs that the Integrated Processing System (SIP) contract signed with Petrogal Brasil started operating today. The contract provides for Petrogal's access to the gas processing units, owned by Petrobras and located in the states of Rio de Janeiro and São Paulo,... Continue Reading →
Petrobras: Start of production of P-71 may be anticipated for late 2022
Petrobras' board is working on the possibility of bringing forward the start of production on the P-71 platform to this year. The information was revealed by the company's production development director, João Henrique Rittershaussen, during a conference call with investors. As a reminder, the P-71 will be installed in the Itapu field and is part... Continue Reading →
Petrobras’ exploratory program in the Equatorial Margin to begin in November
(PN) Petrobras' long-awaited exploratory program in Foz do Amazonas, on the Brazilian Equatorial Margin, should finally get off the ground in the coming months. According to the company's director of exploration and production, Fernando Borges, the first drilling in the area should take place in November, in a water depth of 2,800 meters. “The licensing... Continue Reading →
Brazil has 54 offshore wind projects in the process of licensing
(Valor) Until the month of April, the Brazilian Institute for the Environment and Renewable Natural Resources (Ibama) received requests for environmental licensing for 54 projects for offshore wind power generation, with a total capacity of 133.3 gigawatts (GW) of power. The total energy to be generated in the projects corresponds to almost 70% of the... Continue Reading →
Cade approves sale of Petrobras assets in oil and natural gas fields to BW Energy
The General Superintendence of the Administrative Council for Economic Defense (Cade) approved the acquisition, by BW Energy Maromba do Brasil, of the entire interest in the Golfinho and Canapu fields, 65% of interest in block BM-ES-23 and 100 % interest in the Camarupim and Camarupim Norte fields (Cluster Camarupim), all currently held by Petrobras. The... Continue Reading →
Congo oil blocks auction draws warnings of environmental catastrophe
(Reuters) - Licensing rights for 30 oil and gas blocks in the Democratic Republic of Congo went up for auction on Thursday, opening parts of the world's second-biggest rainforest to drilling that could release large amounts of carbon into the atmosphere, jeopardising climate goals to tame global warming. President Felix Tshisekedi presided over the launch... Continue Reading →