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In a statement issued last week, the Argentine foreign ministry said three oil companies – Rockhopper, Premier Oil, and Argos Resources – were carrying out oil and gas activities on the continental shelf near the Falkland Islands – without the authorization of the Argentine government. Argentina and the UK in 1982 fought a brief but... Continue Reading →
October 11, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it signed today with Imetame Energia Lagoa Parda Ltda, wholly owned subsidiary of Imetame Energia Ltda, a contract for the sale of its entire working interest in the onshore fields of the Lagoa Parda Cluster, located in Espírito Santo state, near the city of Linhares.... Continue Reading →
Oct 11, 2019 After two years of auctions dominated by Petrobras and ExxonMobil, the 16th Round oil and gas exploration concessions was dominated by Petronas from Malaysia and QPI from Qatar. These were the companies that invested the most in the acquisition of assets in the bidding: R $ 3.72 billion in total. The amount... Continue Reading →
October 11, 2019 At its peak, the agency expects production to reach 500,000 barrels. Minister says bonus paid was triple of expected The twelve auctioned blocks will require the installation of three to four new platforms between Rio de Janeiro and Sao Paulo, according to the National Petroleum Agency (ANP). The auctioned off areas in... Continue Reading →
Oct 11, 2019 PPSA's Contract Management Director, Hércules Silva, leaves the command of the area on the 31st. The dismissal request was accepted by the company's Board of Directors, which is responsible for managing the Union's portion of the procuction sharing contracts. - This will be the third change in management since President Jair Bolsonaro... Continue Reading →
Oct 10, 2019 With a premium of 322%, the result was a record in rounds under the concession regime. RIO - The 16th Bidding Round, held on the morning of Thursday, 10, was marked by the presence of large oil companies. The government raised R$ 8.915 billion in signing bonuses from 11 companies and consortia... Continue Reading →
October 10, 2019 - Petróleo Brasileiro SA - Petrobras reports that it has acquired one offshore block in the 16th ANP Bidding Round under the Concession Regime, held today by the National Agency of Petroleum, Natural Gas and Biofuels (ANP). The company is advancing its partnership strategy and will be the operator. The total amount... Continue Reading →
Oct 10, 2019 Brazil's mines and energy minister said the positive results of Thursday's round of bidding for the country's offshore oil blocks point to successful auctions later this year of the so-called Transfer of Rights area and pre-salt oil find. Minister Bento Albuquerque said that Thursday's auction surpassed expectations, following the conclusion of bidding.... Continue Reading →
Brazil's Federal Audit Court known as the TCU unanimously approved on Wednesday the ground rules for a major auction of pre-salt oil concessions in a "transfer of rights" (TOR) area off the country's southeastern coast. The government expects to raise 106 billion reais ($25.8 billion) from the auction scheduled for Nov. 6, which is expected... Continue Reading →
Oct 10, 2019 (Reuters) - A consortium of France’s Total SA, Qatar Petroleum and Petronas won the exploration and production rights for an offshore block near Brazil’s coveted offshore pre-salt region on Thursday, agreeing to pay the government a signing bonus of 4.029 billion reais ($978 million). Total, which has a 40% stake in the... Continue Reading →
Brazil Energy Insight 