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Leveraged by the pre-salt, Brazil was the fifth country that most increased oil production between 2011 and 2019, in the world. One of the main highlights of oil geopolitics in the decade of 2010, the expectation is that Brazil's relevance in the global market will increase even more in the coming decades. Valor’s Survey, based... Continue Reading →
World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits. The prediction from the Organization of the Petroleum Exporting Countries, made in its... Continue Reading →
National Petroleum Agency (ANP) made an announcement related to the Second Permanent Offer Cycle, which had six more companies registered. The new companies approved for the cycle, scheduled for December, are: ETEP Indústria Metalúrgica, CE Engenharia, Equinor Brasil Energia, Phoenix Oil & Natural Gas, Subtec Serviços and Tarmar Energia. With these new approvals, the second... Continue Reading →
The conclusion of the operation by which Petrobras PETR4.SA negotiated the sale of its Liquigás liquefied petroleum gas distribution unit to a group formed by Copagaz, Itaúsa and other companies will depend on an agreement with the Brazilian regulatory agency CADE. As published in the Official Gazette, the General Superintendence of the Administrative Council for... Continue Reading →
Karoon Energy intends to conclude, with Petrobras, the acquisition of the Baúna field, in the Santos Basin, in the second half of October, the oil company said on Monday. The Australian company depends on the endorsement of the ANP and the transfer of a contract from the FPSO Cidade de Itajaí, which operates in Baúna,... Continue Reading →
MEXICO CITY (Reuters) - Mexico’s government presented an almost $14 billion infrastructure investment plan on Monday as President Andres Manuel Lopez Obrador seeks to repair rocky relations with business leaders and lift the struggling economy. The package, mostly privately financed, is the first clear sign of corporate bosses’ readiness to invest under Lopez Obrador since... Continue Reading →
(Reuters) - Golar Power said on Friday that it rejects the process that culminated in its disqualification by Petrobras of a bid to lease a regasification terminal for the state-owned company in Bahia, and stressed that it will file an appeal to return participate in the dispute. If this is not enough, the company also... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 01/14/2019, informs that the Federal Supreme Court judged, by majority of votes, dismissing the direct action of unconstitutionality (ADI 5942/DF) that questioned the Decree 9,355/2018, edited to regulate the special procedure for assignment of rights to exploration, development and production of oil, natural... Continue Reading →
Pre-salt production in August set a record for the second consecutive month, both in oil and natural gas production. In total, 2,776 MMboe / d (million barrels of oil equivalent per day) were produced, with 2,201 MMbbl / d (million barrels per day) of oil and 91.398 MMm3 / d (million m3 per day) of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, further to the notice published on December 18, 2018, hereby announces that, after adjustments made to the regulations of the Petros 3 Plan (PP3), its Board of Directors resolved to submit the new plan proposal for analysis of the Secretariat for Coordination and Governance of State-Owned Companies (SEST) and the National... Continue Reading →
