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Petróleo Brasileiro S.A. – Petrobras informs that its Executive Board approved, on today's date, the execution of amendments to the Commitment Terms (TCCs) signed with the Administrative Council for Economic Defense (CADE), with the purpose of extending the deadline for Petrobras to continue with the negotiations for the effective conclusion of the negotiation processes and signing of... Continue Reading →
(Reuters) A Mexican judge has ordered a partial provisional suspension of new hydrocarbons legislation championed by President Andres Manuel Lopez Obrador that gave the state authority to revoke permits, a court document seen by Reuters showed on Monday. The decision suspended certain parts of the law that strengthens state oil company Petroleos Mexicanos (Pemex), which... Continue Reading →
(Reuters) Renewable energy grew at its fastest pace in two decades last year, led by China, and will continue to grow in the next two years, a report by the International Energy Agency (IEA) showed on Tuesday. New renewable energy capacity in 2020 rose by 45% to 280 gigawatts (GW) last year, the largest year-on-year... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on December 11, 2020, informs that it signed with Petrom Produção de Petróleo & Gás Ltda. (Petrom) a contract for the sale of its entire 50% stake in the onshore field of Rabo Branco, located in the Sergipe-Alagoas Basin, in the State of Sergipe.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed a contract with Keppel Shipyard Limited to build the P-78, the seventh unit to be installed in the Búzios field, in the Santos Basin pre-salt area. With processing capacity of 180 thousand barrels of oil per day and 7.2 million cubic meters of gas per day, the... Continue Reading →
French oil major Total has started oil production from the Zinia Phase 2 project offshore Angola, connected to the existing Pazflor FPSO. The Zinia Phase 2 project includes the drilling of nine wells and is expected to reach a production of 40,000 barrels of oil per day by mid-2022. Located in water depths from 600... Continue Reading →
(REUTERS) Oil prices rose for a third day on Wednesday as easing of lockdowns in the United States and parts of Europe heralded a boost in fuel demand in summer season and offset concerns about the rise of COVID-19 infections in India and Japan. Brent crude rose 93 cents, or 1.4%, to $69.81 a barrel... Continue Reading →
(PetroNoticia) The Libra block development project will move forward. Petrobras applied to the Brazilian Institute of the Environment (Ibama) for the operating license for the second Early Production System (SPA) in the Mero field, located within the block. Like the first SPA in the area, this new project will also be carried out with the... Continue Reading →
(ANP) Published today the Monthly Bulletin of the Production of Oil and Natural Gas of the ANP of the month of March 2021, with consolidated data of the national production in the period. For the first time, production in the Santos Basin surpassed 70% of national production, registering its largest relative share in the historical... Continue Reading →
(epbr) ExxonMobil plans to start drilling in deep waters of the Sergipe-Alagoas Basin in the second half of 2021, said Alberto Ferrin, vice president of the oil company in Brazil. The company is licensing 11 exploratory wells in the basin, in areas of the 13th, 14th and 15th bidding rounds of the ANP, when it... Continue Reading →
