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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 →
The National Agency of Petroleum, Natural Gas and Biofuels - ANP published today, September 29, 2021, ANP Resolution No. 854, of September 27, 2021, which regulates the procedures for the presentation of financial guarantees and term to ensure the resources for the decommissioning of production facilities in oil and natural gas fields.The presentation of financial... Continue Reading →
The U.S. Bureau of Ocean Energy Management (BOEM) will hold an oil and gas lease sale for the Gulf of Mexico on November 17, complying with a U.S. District Court order. To remind, the Biden administration had paused all oil and gas leasing activities on federal lands and waters in January, citing climate crisis. A federal judge... Continue Reading →
(ANP) In August, the Búzios, Atapu and Sul de Tupi fields, all producing under the transfer of rights regime in the Santos Basin pre-salt, were among the largest national producers. Búzios, with 669.3 thousand boe/d (barrels of oil equivalent per day) was in second place, behind only the Tupi field, which produced 1.2 million boe/d.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up the release disclosed on 08/24/2021, informs that the partner CNOOC Petroleum Brasil Ltda. (CNOOC) expressed interest in exercising the option to purchase an additional share of 5% in the Production Sharing Contract of the Transfer of Rights Surplus, for the Búzios field, in the Santos Basin pre-salt area.... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following the release disclosed on August 26, 2021, informs that today it signed with Excelerate Energy Comercializadora de Gás Natural Ltda. (Excelerate) the lease contract of the LNG Regasification Terminal of Bahia (TR-BA) and associated facilities, in the amount of approximately R$ 102 million, effective until December 2023, in addition... Continue Reading →
(Reuters) - Global energy trader Gunvor Group (GGL.UL) is under investigation by the U.S. Commodity Futures Trading Commission (CFTC) in relation to its dealings in Ecuador, the company said in its first half 2021 results. Earlier this year, former employee Raymond Kohut pleaded guilty to involvement in what the U.S. Department of Justice called a... Continue Reading →
DNV introduced a new class notation, Abate, designed to help owners and operators of offshore floating facilities identify and implement measures to reduce greenhouse gas (GHG) emissions. Altera Infrastructure, the first company to adopt the solution, has incorporated the notation into the FPSO "Petrojarl Knarr", with successful results so far. The International Maritime Organization (IMO)... Continue Reading →
(Reuters) - Brazil's central bank weighed accelerating the world's most aggressive monetary tightening, minutes from its last policy meeting showed on Tuesday, but uncertainty about a post-pandemic rebound led it to stay the course on 100-basis-point rate hikes. The minutes of the Sep. 21-22 meeting, when the bank raised its Selic policy rate to 6.25%,... Continue Reading →
(Reuters) - Global oil demand is expected to peak before 2030, earlier than previously projected, TotalEnergies (TTEF.PA) forecast on Monday. The French oil major - which had previously forecast the peak happening around 2030, rather than before - said its business was now working on the assumption that global consumption would start declining before the end of... Continue Reading →
Brazil Energy Insight 