Mexico's state oil company Pemex and a private consortium led by U.S.-based Talos Energy Inc have been instructed to come to an agreement detailing how they will jointly develop a large offshore oil find, the energy ministry said on Wednesday. The formal instruction from the energy ministry, dated July 7 but announced in a statement... Continue Reading →
Petrobras on fuel oil production at Replan
July 8, 2020 – Petróleo Brasileiro S.A. – Petrobras informs that the Paulínia Refinery (Replan), located in the state of São Paulo, broke the monthly production record for Bunker 2020, a low-sulfur fuel oil used on ships, for the second consecutive month. In June, the refinery reached 148 thousand m³, 20% higher than the previous record... Continue Reading →
Petrobras gives up on offshore wind
July 6, 2020 Petrobras withdrew from the pilot plant project for offshore wind generation in Rio Grande do Norte, informed the Emissions and Climate Change manager of the state-owned company, Viviana Coelho, during a webinar promoted by EPBR, on Friday (3/7). In October 2019, Petrobras requested prior and installation licenses to implement the project the... Continue Reading →
Petrobras Considers LNG Units for Pre-salt’s Natural Gas
Brazilian state-controlled oil company Petrobras is considering installing offshore units to liquefy the growing natural gas production from the so-called pre-salt area, the company's emissions and climate change manager said during a webinar on Friday. Liquefied natural gas units could be an alternative for the gas associated with oil produced at the deep-water exploratory region... Continue Reading →
OPEC cuts production to 1991 levels in bid to revive oil demand
OPEC slashed oil production to the lowest level since the Gulf War in 1991, as it escalated efforts to revive global markets just as a resurgence of the coronavirus is threatening demand again. Saudi Arabia faithfully delivered the extra curbs promised in June, and the laggards, though still trailing in implementing the cuts, stepped up... Continue Reading →
May oil production in Brazil fell 6.5% compared to April
July 2, 2020 In May, national production was 3,485 MMboe / d (million barrels of oil equivalent per day), of which 2,765 MMbbl / d (million barrels per day) of oil and 114 MMm3 / d (million m3 per day) ) of natural gas. Oil production decreased by 6.5% compared to the previous month and... Continue Reading →
New evidence of oil in Búzios
July 1, 2020 Petrobras found more hydrocarbons in the well that confirmed good quality oil in the field in May, in a water depth of 2,108 m, According to ANP, Petrobras found new evidence of oil in well 9-BUZ-39DA-RJS, in the Búzios field, in the Santos Basin, in a water depth of 2,104 thousand m.... Continue Reading →
Brazil will be one of the 5 largest oil producers in the world by 2030
July 1, 2020 The Secretary of Petroleum, Natural Gas and Biofuels of the Ministry of Mines and Energy, José Mauro Coelho, estimated that, in the next 10 years, Brazil will be among the five largest oil producers and exporters in the world. "Although the oil industry has suffered (with the crisis), we already see an... Continue Reading →
Guyana Asks World Court to Confirm Border with Venezuela
Guyana on Tuesday asked the World Court to confirm the demarcation of its land border with Venezuela, part of a long-running dispute between the South American neighbours with potential implications for offshore oil rights. Representatives of Guyana asked judges at the United Nations court, formally known as the International Court of Justice (ICJ), to confirm... Continue Reading →
Petrobras gets green light for drilling in the Campos Basin
Jun 30, 2020 Petrobras received an operating license from Ibama to drill in the SC-AP3 sector, in the Campos Basin, which comprises blocks C-M-210, C-M-277, C-M-344, C-M-346, C-M-411 and C-M-413. Acquired in the 14th ANP Bidding Round, the areas are operated by the state company (50%) in partnership with ExxonMobil (50%). The campaign foresees the... Continue Reading →
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