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Oil and gas company BW Energy, in partnership with Vaalco Energy and Panoro Energy, has been awarded two exploration blocks offshore Gabon, close to its Dussafu licence and within tie-back distance of existing infrastructure. According to its update on Monday, BW has been provisionally awarded operatorship of two blocks in the 12th Offshore Licensing Round... Continue Reading →
(Reuters) - Colombia on Friday signed exploration and production contracts for four off-shore blocks with energy company Anadarko, a subsidiary of Occidental Petroleum Corp , with expected investment commitments of $1.4 billion. The four blocks, which will be wholly owned by Anadarko Colombia Company, are located off the Andean country's Caribbean coast and cover some... Continue Reading →
(epbr) The regulatory framework for offshore wind farms must be done by decree and create rules to define, by auction, who will have the right to explore maritime areas for energy generation. The auction would solve the dilemma of overlapping projects currently in the licensing process with Ibama, for example. -- The Minister of Mines... Continue Reading →
(Reuters) - Brazil failed to sell off exploration and production rights in the most promising offshore oil blocks up for sale on Thursday, as its first oil auction since the start of the COVID-19 pandemic brought just 37.1 million reais ($6.7 million) into state coffers. In total, there were 92 blocks up for grabs in... Continue Reading →
(Reuters) - Oil prices fell sharply on Thursday, extending losses from the previous session, as the United States said it was considering selling oil from its strategic reserves and as Russia said it was ready to stabilise the natural gas market. Brent crude prices fell $1.24, or 1.5%, to $79.84 a barrel by 0918 GMT,... Continue Reading →
Oil hit a multi-year high on Wednesday above $83 a barrel, supported by OPEC+'s refusal to ramp up production more rapidly against a backdrop of concern about tight energy supply globally. The market later unwound those gains due to an American Petroleum Institute (API) report showing rising crude inventories in the United States and, analysts... Continue Reading →
(Valor) The inclusion of blocks in the Potiguar and Pelotas basins in the 17th Round of the ANP, scheduled for Oct 7th, puts into discussion the environmental licensing of areas considered sensitive to oil activity. Under debate is the possibility of carrying out the licensing in advance or, at least, redeeming the assessment instrument that... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that it has concluded the obligations set forth in its agreement with the U.S. Department of Justice (“DOJ”), previously disclosed in its 09/27/2018 release. The non-prosecution agreement, which related to Petrobras’ internal controls, accounting records, and financial statements during the period from 2003 to 2012, included certain obligations to... Continue Reading →
(Reuters) - Governments need to step up investment in hydrogen production and storage chains to help cut net emissions to zero, the International Energy Agency (IEA) said on Monday. States and private investors had so far only come up with about a quarter of the $1,200 billion needed by 2030 to develop and deploy hydrogen... Continue Reading →
The ANP will carry out on October 7th, from 9 am, the 17th Round of Bidding Blocks for exploration and production of oil and natural gas. 92 blocks will be offered, located in 11 sectors with high potential and new frontiers in four Brazilian offshore sedimentary basins: Campos, Pelotas, Potiguar and Santos. Due to the... Continue Reading →
Brazil Energy Insight 