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September 15, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 07/27/2020 and 08/11/2020, informs the beginning of the binding phase regarding the sale of its entire stake in the exploratory portion of the Tayrona Block, located in the Guajira Basin, Colombia. Potential buyers qualified for this phase will receive a... Continue Reading →
September 14, 2020 Petróleo Brasileiro S.A. – Petrobras hereby announces that the National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved the change in the name of the Lula field to Tupi field. The approval is aimed at complying with the ruling of July 7, 2020, in a citizen lawsuit, which ordered the... Continue Reading →
Sept 14, 2020 President Jair Bolsonaro approved the resolution of the National Council for Energy Policy (CNPE) that deals with the extension of oil and gas exploration and production contracts in Brazil. The text allows the National Petroleum Agency (ANP) to extend the term of the concession contracts signed as of the 1st Bidding Round,... Continue Reading →
September 11, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release dated June 10, 2020, informs the beginning of the binding phase regarding the sale of a part of its interest in the exploratory blocks, belonging to the concessions ES-M-596_R11, ES-M-598_R11, ES-M-671_R11, ES-M-673_R11 and ES-M-743_R11, located in the Espírito Santo Basin. Potential buyers... Continue Reading →
Sept 11, 2020 The ANP board approved the review of the exploration plan for the Titã block, located in the Santos Basin pre-salt. The drilling of an exploratory well, initially planned for this year, was postponed to 2021. The extension was requested by ExxonMobil, the block's operator. “ExxonMobil cites economic impacts imposed by the pandemic... Continue Reading →
Sept 11, 2020 Only auction of oil and gas exploration and production areas of the year, the second cycle of the Permanent Offer already has a date scheduled. The Special Bidding Commission of the National Petroleum Agency (ANP) scheduled the bidding for December 3. The decision came after the commission approved a declaration of sectors... Continue Reading →
Sept 10, 2020 Petrobras has been announcing to the market the sale of several oil and natural gas exploration and production assets, especially fields located on land or in shallow waters. The Ministry of Mines and Energy (MME) clarifies that the decision rests exclusively with the Company and is part of its strategy of portfolio... Continue Reading →
Sept 10, 2020 The board of the National Petroleum Agency (ANP) gave the go-ahead this afternoon (10) for Petrobras to sell its 30% stake in the Frade field to PetroRio. The transaction raised US $ 100 million and was announced at the end of last year. PetroRio awaited the approval of the deal by the... Continue Reading →
Sept 10, 2020 The agency announced today the name of Raphael Moura as its new interim director general. Currently occupying a role in the superintendence of the ANP, Moura will assume the new role from next Monday (14), replacing José Gutman, who had occupied the post since March 28. The new director general of ANP... Continue Reading →
September 10, 2020 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with the provisions of Law No. 6,404, of December 15, 1976, as amended, and the Securities and Exchange Commission (“CVM”) Instruction No. 358, of January 3, 2002, as amended, informs its shareholders and the market in general of a proposed offering of... Continue Reading →
Brazil Energy Insight 