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The ANP published the twentieth edition of the Annual Bulletin of Resources and Reserves (BAR), with consolidated information on the Brazilian oil and natural gas reserves declared in 2020. In this edition, reserve data per unit of the federation, the proportion of proven, possible and probable reserves by basin, accumulated production by basin and state... Continue Reading →
(Reuters) - Colombia has provisionally approved U.S. oil company ExxonMobil Corp’s plan to develop a pilot project for hydraulic fracturing, known as fracking, in the country’s Valle Medio del Magdalena basin, the oil regulator said on Wednesday. With the Platero investigative project ExxonMobil becomes the second company to begin a fracking pilot project in Colombia,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed today, informs that it has signed a contract with MC Brazil Downstream Participações, a company of the Mubadala Capital group, for the sale of the company's shares that will hold the Landulpho Alves Refinery (RLAM) and its associated logistics assets, in the state of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, as a follow up to the release disclosed on February 8, 2021, informs that the company's Board of Directors, in a meeting held today, approved the sale of the Landulpho Alves Refinery (RLAM) and its associated logistics assets, in Bahia, to Mubadala Capital for US$ 1.65 billion. The signing of... Continue Reading →
(Reuters) - The deadly coronavirus wave that has torn through Brazil in recent weeks has not spared its oil industry, according to unions and government data reviewed by Reuters, with infections among workers jumping and production taking a hit. New COVID-19 cases among offshore oil workers rose to 46 on March 24 from 17 on... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, regarding the pieces of news published in the media, clarifies about the sale process of Landulpho Alves Refinery (RLAM) and its associated logistics assets. In all asset sale processes, Petrobras establishes a value range that guides the transaction and considers the technical and productivity characteristics and the asset's potential to... Continue Reading →
The board of the National Petroleum Agency (ANP) approved phase 1 of the Development Plan (PD) of the shared deposit of the Bacalhau and Bacalhau Norte fields, in the Santos Basin. The operator of the area, the Norwegian Equinor, forecasts about US$ 8.5 billion in investments in this stage of the undertaking, with the expectation... Continue Reading →
In February 2021, Brazilian oil and natural gas production in the Pre-salt was approximately 2.6 million barrels of oil equivalent per day (boe / d). This volume represented 73.14% of the total in the country, the highest percentage of Pre-salt participation in national production ever recorded. Total Brazilian production was 3.55 million boe / d.... Continue Reading →
Cade approved the acquisition, by PetroReconcavo, of the 12 onshore concessions that form the Remanso Cluster. The transaction is still subject to the approval of the ANP and the transfer, by Petrobras, of the environmental licenses granted by the Institute of the Environment and Water Resources (Inema) Source: PetroleoHoje
(Reuters) - Brazil’s lower house approved a new regulatory framework for the natural gas sector in the early hours of Wednesday, a move the government hopes will increase competition in the industry. The bill, which garnered support from industrial consumers, will now be signed into law by President Jair Bolsonaro. “In this difficult moment, this... Continue Reading →
Brazil Energy Insight 