Oil and gas giant Shell has agreed to farm into the CAN 100 block, offshore Argentina, currently jointly owned by the Norwegian energy firm Equinor and Argentina's YPF. In October 2019, Equinor farmed into the YPF CAN 100 block and agreed to take over the operatorship. Equinor and YPF have agreed with Shell to jointly farm-down 30%... Continue Reading →
ANP forecasts a gradual growth in production in the coming years
ANP forecasts a gradual growth in production in the coming years, reaching 571.5 thousand m³ / day (3.6 million barrels per day) of oil and 173.2 million m³ / d of natural gas in 2025 . - It represents an increase of 23% in relation to 2021, in the case of oil, and 34% in... Continue Reading →
Oil exports from Brazil hold firm in the first week of 2021
Brazilian oil exports registered an average of 387.3 thousand tons per day in the first week of the year, more than 100% above the average reported forJanuary last year, according to data released by the Ministry of Economy on Monday. In January 2020, foreign oil sales from Brazil totaled an average of 191.9 thousand tons... Continue Reading →
Petrobras signs contract for sale of Mangue Seco 1
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on May 4, 2020, informs that it signed today with V2I Transmissão de Energia Elétrica S.A., with Vinci Infraestrutura Gestora de Recursos Ltda. as manager, a contract for the sale of the totality of its stake of 49% in Eólica Mangue Seco 1 –... Continue Reading →
17th Bidding Round: 92 offshore exploratory blocks in the Campos, Pelotas, Potiguar and Santos basins
The 17th Bidding Round under the concession regime will offer 96 offshore exploratory blocks in the Campos, Pelotas, Potiguar and Santos basins. The maps of the sedimentary basins with the sectors where these explorations are located are on this page and the originals can be obtained at http://rodadas.anp.gov.br/pt/17-rodada-licitacao On 9/9/2020 Resolution No. 7 of 8/18/2020... Continue Reading →
Brazil November oil and gas production decreased to 3.550 million barrels of oil equivalent per day
National production in November was 3,550 MMboe / d (million barrels of oil equivalent per day), of which 2,755 MMbbl / d (million barrels per day) of oil and 126 MMm3 / d (million m3 per day) of natural gas. Oil production decreased 4.1% compared to the previous month and 10.9% compared to November 2019.... Continue Reading →
Saipem trials FlatFish subsea drone
Saipem has started the functional tests of FlatFish, the innovative underwater drone for advanced vessel free subsea inspections, based on AI. According to the company, the vehicle is now going to an extensive sea trial campaign. Since March 2018, Shell has been entrusting Saipem with the license to develop the FlatFish technology and qualify it... Continue Reading →
Petrobras on Gaspetro’s divestment
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on November 30, 2020, regarding the divestment of Petrobras Gás S.A. (Gaspetro), informs that it received on 12/22/2020 a letter from the Administrative Council for Economic Defense (CADE) in which the agency attests that the continuation of the company Compass Gás Energia S.A. (Compass)... Continue Reading →
Petrobras on Transpetro share capital reduction
Petróleo Brasileiro S.A. – Petrobras informs that, as sole shareholder, it approved today the reduction of share capital of its wholly-owned subsidiary Petrobras Transporte S.A. (Transpetro), in the amount of R$ 557,020,835.82, in an Extraordinary General Meeting of Transpetro.The capital reduction was made at book value, with no change in the number of shares, through... Continue Reading →
EXXONMOBIL RECEIVES AUTHORIZATION TO DRILL WELLS IN THE CAMPOS AND SANTOS BASINS
ExxonMobil will start a new exploration campaign off the Brazilian coast. The company received the authorization from Ibama (Brazilian Environmental Institute) to drill wells in blocks BM-C-753, BM-C-789, BM-S-536, BM-S-647 and Titã, located in the Campos basins and Santos. The license granted by the environmental agency will last for four years. With the authorization in... Continue Reading →
Brazil Energy Insight 