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Dec 27, 2019 Equinor, as operator, on behalf of the BM-S-8 and Norte de Carcará consortiums, informs that it has submitted to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the Declarations of Commerciality of the Carcará discovery, in the area of Santos Basin pre-salt. Together with the Declarations of Commerciality, the consortia... Continue Reading →
December 23, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 12/16/2019, referring to the sale of its interest in the concession BM-P-2, located in the Pelotas Basin, reports that it has extended until 01/15/2020 the notification deadline for companies to express their interest on the opportunity. There is no prejudice... Continue Reading →
Just a few days after making history with producing Guyana’s first ever oil at its Liza offshore field, ExxonMobil has announced another oil discovery near the field. The U.S. major on Monday said it made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15th discovery on the... Continue Reading →
December 23, 2019, Brazil Oil and natural gas production in November totaled 3.950 million barrels of oil equivalent per day (MMboe / d), of which approximately 3.090 million barrels per day (MMbbl / d) of oil and 137 million cubic meters per day ( MMm³ / d) of natural gas. The month's production surpassed the... Continue Reading →
December 20, 2019 Ibama denied Petrobras' request to drill an exploratory well in block area BM-P-2 in the Pelotas Basin. The environmental agency recently closed the licensing process, due to technical uncertainties that were not clarified by Petrobras. Petrobras and Total trying to sell the asset. The teaser, which marks the start of the sale,... Continue Reading →
For the past three months, thick crude oil blobs have washed up on beaches along more than 4,400 kilometers (2,700 miles) of Brazil’s coastline, mangroves and reefs in the worst oil spill in the country’s history. The exact date the oil first reached Brazil’s shores is unclear, but government reports point to August 30. As... Continue Reading →
December 19, 2019 Royalties are the most traditional form of taxation of mineral resources in the world. It is compensation for the exploitation of a mineral resource designed to ensure that future generations enjoy the benefits that exploitation of the non-renewable natural resource provides to the current generation. In the Brazilian case, according to Law... Continue Reading →
GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador today announced the expansion of its portfolio in Colombia following a new successful Agencia Nacional de Hidrocarburos (“ANH”) bid round and an... Continue Reading →
Large oil companies Exxon Mobil, Hess Corp, CNOOC, BP, Chevron, Total, and Eni are expected to present bids to buy the first three cargoes of Liza crude offered by Guyana's government, the South American country's director of energy said on Monday. A consortium of Exxon, Hess, and China's CNOOC has discovered more than 6 billion... Continue Reading →
The United Kingdom’s latest offshore licensing round has attracted 104 applications covering 245 blocks or part-blocks across the main producing areas of the UK Continental Shelf (UKCS). Applications were received from 71 companies ranging from multinationals to new country entrants, according to a Monday statement by UK’s Oil and Gas Authority (OGA). The 32nd UK... Continue Reading →
Brazil Energy Insight 