Eni, Total Win Three Angola Blocks

Italian oil major Eni and France's Total were among the successful bidders for rights to develop three offshore blocks in Angola out of 10 auctioned late last year, the country's petroleum regulator said on Thursday. Eni and Total won operator rights to blocks 28 and 29 respectively in the offshore Namibe basin, while Angola's state... Continue Reading →

Zama a Giant Plus for Mexico

At 670 million barrels of recoverable oil, Mexico’s Zama field would be a nation-building giant in any prolific oil-bearing basin. That reserves estimate — made this week by Netherland, Sewell & Associates for Talos Energy, the Houston-based outfit that found the field — is testing the policies of a newly reorganized Mexican Ministry of Energy. Next door... Continue Reading →

PPSA raised R$ 848 million for the Union in 2019

January 13, 2020 Pre-Sal Petróleo PPSA,  company linked to the Ministry of Mines and Energy, raised approximately R $ 848 million for the Union in 2019. The proceeds refer to the commercialization of the Union's oil and gas portion in production sharing contracts and Equalization. Expenditures and Volumes (EGV) of the Sapinhoá, Tartaruga Verde and... Continue Reading →

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