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In March, Brazil produced 2.981 MMbbl/d (millions of barrels per day) of oil, an increase of 2.2% compared to the previous month and 4.8% compared to March 2021. A further 134 MMm3/d (millions of cubic meters daily) of natural gas, an increase of 0.9% compared to February and 6.6% compared to the same month of... Continue Reading →
(Reuters) - Brazil's government is trying to add a 12th block to an auction of oil exploration areas expected later this year, an Energy Ministry official said on Tuesday at the Offshore Technology Conference (OTC) in Houston. The Ametista block is located at the South border of the region known as the pre-salt and has... Continue Reading →
(Reuters) - Guyana has started discussions with Exxon Mobil Corp (XOM.N) to build a more than 120-mile (190-km) natural gas offshore pipeline, Natural Resources Minister Vickram Bharrat said on Tuesday at the Offshore Technology Conference in Houston. Guyana, a tiny South American country, is trying to build infrastructure including a gas-fueled power plant to develop its economy... Continue Reading →
(WO) ApexBrasil, a Brazilian Trade and Investment Promotion Agency, is partnering with Brazil's Energy Research Office (EPE), The Brazilian Petroleum and Gas Institute (IBP), The Brazilian National Agency of Petroleum, Natural Gas, and Biofuels (ANP), Petrobras, and the Federation of the Industries of Rio De Janeiro State (FIRJAN) to highlight the country's burgeoning leadership in the sector at the... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in accordance with the provisions of CVM Resolution No. 44, informs its shareholders, investors and the market in general that, on the Annual and Extraordinary General Meeting (“Meeting”) held on April 29, 2022, the shareholders approved the election of Mr. Roberto Castello Branco and... Continue Reading →
With efforts accelerating to develop offshore wind farms, there remain many unresolved questions on the scope of U.S. cabotage laws and how specifically the Jones Act will be applied to the construction of the wind farms. While the U.S. has said that it will apply the regulations in a similar fashion to their previous applications... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/21/2020 and 02/04/2022, informs that sale process of 100% of its Nitrogen Fertilizer Unit III (UFN-III), located in the city of Três Lagoas, Mato Grosso do Sul, with the Russian group Acron hasn’t been concluded, considering that the business plan proposed by the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it received today, at sight, the amount of R$ 14.55 billion from TotalEnergies EP Brasil Ltda. (TotalEnergies), Petronas Petróleo Brasil Ltda. (Petronas) and QP Brasil Ltda. (QP), related to the 70% stake of these companies in the Sépia compensation, block acquired by the consortium composed by Petrobras (30%),... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/16/2021, informs that its Board of Directors, in a meeting held today, approved the sale of its entire stake (27.88%) in Deten Química S.A (Deten), located in the industrial complex of Camaçari, in the state of Bahia, to the company Cepsa Química S.A.,... Continue Reading →
Petróleo Brasileiro SA – Petrobras, following up on the release disclosed on 11/05/2021, informs that its Board of Directors, in a meeting held today, approved the sale of all its interest in the Albacora Leste concession, located predominantly in deep waters in the Campos Basin, to the company Petro Rio Jaguar Petróleo LTDA. (PetroRio), a... Continue Reading →
Brazil Energy Insight 