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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on October 15, 2020, informs that the Company's Board of Directors, in a meeting held today, approved the sale of its total interest in a set of seven onshore and shallow water concessions called Alagoas Cluster, located in the state of Alagoas, to the... Continue Reading →
Brazilian oil company Enauta said Monday it had completed the transfer of a 50% stake in the Atlanta offshore field, previously held by Barra Energia. Enauta in April said it had received regulatory approval to take full ownership of the Atlanta offshore oil field in Brazil, following the decision by its partner Barra Energia to exit... Continue Reading →
(Oilprice) Latin America’s largest oil producer Brazil is one of the worst affected countries globally by the COVID-19 pandemic. According to the World Health Organization, Brazil is the third ranked country by volume of cases and second by deaths. There were fears earlier this year that the rapid spread of the virus would derail Brazil’s offshore oil... Continue Reading →
(Offshore Energy) Oil and gas company Enauta has revealed that the Brazilian Oil, Gas and Biofuels Agency (ANP) has approved the constitution of guarantees for the company to take over a 100 per cent stake in the Atlanta field off Brazil, doubling its oil production. Enauta said on Friday that the ANP has approved the... Continue Reading →
Brazilian oil and gas company PetroRio has received regulatory approval for a revised development plan of the Frade oil field offshore Brazil. The new development plan, approved by the national oil industry regulator ANP, allows the drilling of four production wells and three horizontal injection wells in the Frade Field. The ANP also authorized the... Continue Reading →
With Petrobras stepping on the brakes on investments and selling more assets, foreign oil companies are gaining ground in Brazil. Together, Shell, Repsol Sinopec, Petrogal and TotalEnergies already account for 20% of national oil and gas production. Together, the private sector now accounts for 27% of the total, according to data from the National Agency... Continue Reading →
(Yahoo)The deeply impoverished former English colony of Guyana has become one of the world’s hottest offshore drilling locations. Global energy supermajors have made a slew of major oil discoveries in Guyana’s and neighboring Suriname’s offshore waters, notably in the 6.6-million-acre Stabroek Block in which global energy supermajor Exxon has a 45% interest with 30% and 25% held... Continue Reading →
A consortium between France’s major TotalEnergies and Qatar’s Qatar Petroleum and U.S. supermajor Chevron have submitted winning bids for shallow-water offshore acreage in Suriname. Suriname’s national oil company Staatsolie said last Friday that the three oil companies submitted ‘most favourable’ bids for the relevant blocks offered in the Suriname Shallow Offshore (SHO) Bid Round 2020/2021... Continue Reading →
(TNPetroleo) The Ministry of Mines and Energy (MME) published the minutes of the pre-bid and contract for the auction of the Atapu and Sépia pre-salt fields, scheduled to take place in December this year. This, which will be the biggest oil and natural gas event this year, should attract investments of R$ 200 billion by... Continue Reading →
U.S. oil major Chevron, and a consortium between France's TotalEnergies and Qatar's Qatar Petroleum have submitted winning bids for shallow-water offshore acreage in Suriname, Suriname's national oil company Staatsolie said Friday. Staatsolie said the trio had submitted "most favorable" bids for the relevant blocks offered in the SHO Bid Round 2020/2021 which had closed for... Continue Reading →
Brazil Energy Insight 