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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 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 →
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 →
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 →
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 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 →
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 →
Jun 29, 2020 In the middle of one of the biggest crises in the oil and gas sector, two new companies specializing in recovering mature fields will start operations this year in the Brazilian market. However, 3R Petroleum and Trident Energy will face a very different scenario than the two expected when they signed, in... Continue Reading →
Jun 29, 2020 The government is making progress in developing guidelines for Petrobras' divestments in the refining sector. On Friday (26), the Ministry of Mines and Energy (MME) announced a new position by the National Petroleum Agency (ANP) on the subject. The guideline states that the refinery's logistics infrastructure must be operated by companies other... Continue Reading →
Jun 29, 2020 The National Petroleum Agency (ANP) approved the revisions of eight of the ten fields that were owned by Petrobras and were taken over by Trident Energy. The areas in question are: Badejo, Linguado, Marimbá, Piraúna, Bonito, Enchova, Enchova Oeste and Trilha, all located in the Campos Basin. The ANP also approved the... Continue Reading →
