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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/11/2020, informs that today it signed contracts for the sale of its 20% stakes in Termelétrica Potiguar S.A. (TEP) and 40% in Companhia Energética Manauara S.A. (CEM) to Global Participações Energia S.A. (GPE), through its subsidiaries GFT Participações S.A. and GFM Participações S.A.,... Continue Reading →
(Reuters) - Mexico's state oil company Petroleos Mexicanos (Pemex) on Wednesday reported net profit of $722.5 million in the second quarter, swinging from a loss in the same period last year thanks to higher crude prices and production. The company said the 14.4-billion-pesos profit was due to higher income from international sales, which doubled from... Continue Reading →
One year after the start of production, the Atapu field, in the Santos Basin pre-salt, is already among the 10 largest producers in Brazil, having produced in June 111.763 Mboe/d (one thousand barrels of oil equivalent per day ), being 91,881 Mbbl/d (thousand barrels per day) of oil and 3,161 MMm3/d (million cubic meters per... Continue Reading →
The ANP published the notice and concession contract model for the 17th Bidding Round, which contain, respectively, the rules and procedures of the round and the rights and obligations of future concessionaires. This round is scheduled to take place on October 7, with the offer of 92 blocks with exploratory risk, with a total area... Continue Reading →
(Reuters) - The U.S. Justice Department is investigating Connecticut-based trading house Freepoint Commodities over whether payments to employees of Brazil's state-run oil company broke U.S. laws, two sources with knowledge of the matter told Reuters this week. The criminal probe, which is being led by prosecutors in Washington, complements a separate, ongoing bribery investigation into... Continue Reading →
(Reuters) - Brazil's national power grid operator (ONS) said on Friday that severe drought is likely to push the country's power generation capacity to its absolute limit by November, as hydroelectric plants struggle with the water shortages. Latin America's biggest economy is facing its worst drought in almost a century, which is disrupting hydroelectric dams... Continue Reading →
The ANP approved the assignment of blocks TUC-T-139 and TUC-T-147, located in the Tucano Sul Basin, to Imetame and Energy Paranã. The areas were acquired from CDGN Logística, which executes a pledge contract on the emerging rights of Petra Energia, former operator of the concessions. At a meeting, the ANP board conditioned the assignment to... Continue Reading →
The ANP authorized the assignment of the 30% stake in BP in blocks FZA-M-57, 86, 88, 125 and 127 to Petrobras, which will now hold 100% interest in the assets located in the Foz do Amazonas Basin. The British share in the areas was purchased by Petrobras in April this year, when the state-owned company... Continue Reading →
(PetroleoHoje) The ANP board approved the guarantee instrument presented by Total for the deactivation and abandonment of the Lapa field, in the Santos Basin. Thus, the French company is able to sign the amendment to the concession contract, assuming 45% of the field, in consortium with Shell (30%) and Repsol Sinopec (25%). In May 2020,... Continue Reading →
(epbr) The investments announced for the construction of plants producing green hydrogen (H2V) in Brazil already total more than US$ 22 billion, all concentrated in ports — Pecém, in Ceará, Suape, in Pernambuco, and Açu, in Rio de Janeiro. These ports combine a series of strategic factors for the development of the new H2V chain,... Continue Reading →
Brazil Energy Insight 