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(Reuters) - Liquefied natural gas firm Hygo Energy Transition Ltd HYGO.O has postponed its planned New York initial public offering for several weeks and may scrap the listing entirely after its CEO was named in the early stages of a corruption investigation in Brazil, two sources familiar with the matter said. Eduardo Antonello, who has not been... Continue Reading →
Oil & gas production in Brazil was practically stable in August, according to data made available by the National Petroleum Agency (ANP). According to the agency, the country ended the period with 3.078 million barrels per day produced, a slight increase of 0.28% compared to the previous month. Natural gas, on the other hand, had... Continue Reading →
PetroRio received endorsement from the ANP to act as a natural gas trader, with the exception of LNG and CNG in bulk, and seller of the energy source, according to the agency's authorization and dispatch. PetroRio owns 10% of the Manati gas field, in Bahia, operated by Petrobras. Portion corresponds to a reserve of 3... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in response to Official Letter 7132/2020/CGAA4/SGA1/SG/CADE, dated September 29, 2020, and further to the notice disclosed on August 3, 2020 about the lease of the LNG Regasification Terminal in Bahia (TR-BA) and associated facilities, hereby declares its commitment to waive all the capacity of the São Sebastião do Passé-BA, and São... Continue Reading →
The week starts with lots of news about the Mero field, in the Santos Basin pre-salt. Petrobras announced it has applied with Ibama for the Installation License for the FPSO Sepetiba, the second definitive production unit in Mero. Earlier, as we reported, the state company announced that it obtained the license to install the second... Continue Reading →
The cost to Brazil’s government of servicing its ballooning domestic debt fell to an all-time low in August, official figures showed on Monday, following the drop in official interest rates and a dramatic shortening of the debt profile. Treasury also said it is monitoring the short-term, floating rate “LFT” market closely, and expects it to... Continue Reading →
The development stage of the Mero field, within the Libra area, will enter a new phase. Petrobras obtained the environmental license for the installation of the asset's second Early Production System (SPA 2), located in the Santos Basin. The document was issued this month by the Brazilian Environmental Institute (Ibama) and will be valid for... Continue Reading →
Petrobras identified the presence of hydrocarbons in the first pioneer well drilled in block C-M-657, in the Campos Basin pre-salt. The indications are of natural gas, according to information sent by the company to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), this week. Well 1-BRSA-1376D-RJS, nicknamed Naru, was drilled 308 km from... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that the accumulated production of the Tupi field, located in the pre-salt of the Santos Basin, approximately 230 km from the coast of the state of Rio de Janeiro, reached 2 billion barrels of oil equivalent (boe) on July, 2020, according to the Brazilian National Agency of Petroleum, Natural... Continue Reading →
French oil major Total will transfer its rights in five blocks in Foz do Amazonas Basin off Brazil to Brazil's national oil company Petrobras, and exit the basin. To remind, Total earlier in September announced its decision o give up operatorship over the five exploration blocks 120 kilometers offshore Brazil. The decision came almost two years after... Continue Reading →
Brazil Energy Insight 