Mexico's oil regulator said on Tuesday the country's total proven oil reserves as of Jan. 1 stood at 8.062 billion barrels of oil equivalent (boe), up 2.1% from a year earlier. Oil reserves as of the beginning of 2019 totaled 7.897 billion boe. Proven oil reserves are certified discoveries containing a combination of liquid and... Continue Reading →
Twelve companies dispute the Petrobras Bahia LNG terminal
August 4, 2020 Twelve companies, some from the same business group, were prequalified to dispute the lease of the Petrobras LNG terminal in Bahia, according to the call for prequalified agents, published by the company. Proposals are scheduled to be open on September 30. Petrobras will lease the terminal until December 2023, with no provision... Continue Reading →
Oil exports from Brazil more than doubled in July
Aug 4, 2020 (Reuters) - Brazilian oil exports more than doubled in July to 8.19 million tonnes, compared to 3.76 million tonnes shipped a year earlier, according to data from the federal government released on Monday, following the exchange rate and firm demand from China. The volume was the second highest in 2020, behind only... Continue Reading →
PetroRio – CLOSING OF THE TUBARÃO MARTELO ACQUISITION
August 3, 2020 Petro Rio S.A., (the “Company” or “PetroRio”) (B3: PRIO3), informs its shareholders and the market in general that, in addition the Material Fact of February 3, 2020, the National Petroleum Agency (“ANP”) granted, on this date, effectiveness to the the amendments to the concession agreement in connection to the rights (“farm-in”)... Continue Reading →
Challenges of the new downstream scenario in Brazil
July 31, 2020 The downstream segment in Brazil is experiencing a unique moment in its history. The oil refining activity is going through a period of transition to a framework with a greater plurality of agents, more open and dynamic, with numerous planning and regulatory challenges. The Brazilian refining park has a daily oil processing... Continue Reading →
Petrobras on the lease of the LNG Regasification Terminal
August 03, 2020 Petróleo Brasileiro S.A. – Petrobras, in accordance with the commitments made through the Agreement signed with the Administrative Council for Economic Defense (CADE), on July 8, 2019, and following up on the release dated December 9, 2019, informs that it published today the Bidding Process Call for the leasing of the LNG... Continue Reading →
ANP – Brazil June oil production reaches almost 4 MMboe/day
Jul 30, 2020 The ANP's Monthly Bulletin on Oil and Natural Gas Production presents detailed data for June 2020. National production was 3.821 MMboe / d (million barrels of oil equivalent per day), with 3.013 MMbbl / d ( million barrels per day) of oil and 128 MMm3 / d (million m3 per day) of... Continue Reading →
ANP COMPLETES ENVIRONMENTAL STUDY OF THE SERGIPE-ALAGOAS- JACUÍPE MARITIME BASIN
July 30, 2020 ANP presented the consolidated version of the Environmental Study of Sedimentary Area (EAAS) of the Sergipe-Alagoas / Jacuípe maritime basin. It is an assessment aimed at strategic public policy planning, with an emphasis on socio-environmental issues, for the oil & natural gas exploration & production sector. During the opening of an event... Continue Reading →
State of Ceará wins another project for offshore wind
July 30, 2020 Ceará emerges as the main center of investment attraction for offshore wind in the country, after BI Energia started licensing process for a new park in Camocim, with 1.2 GW of power, distributed in 100 12 MW wind turbines. With the new project, four of the seven offshore wind farms currently being... Continue Reading →
Petrobras on new gasoline
July 29, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it is already producing at all of its refineries and selling to distributors gasoline with RON 93 octane rating, which will only be mandatory in Brazil in 2022, according to the new regulations of the National Agency of Petroleum, Natural Gas and Biofuels (ANP) -... Continue Reading →
Brazil Energy Insight 