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May 5, 2020 ANP published the Monthly Bulletin of Oil and Natural Gas Production with detailed data for March 2020. This month, 3,739 MMboe / d (million barrels of oil equivalent per day) were produced, of which 2,973 MMbbl / d ( million barrels per day) of oil and 122 MMm3 / d (million m3... Continue Reading →
Brazil produced 2.973 million barrels per day of oil in March, up 0.1% from February and up 16.1% from the same month a year before, national oil regulator ANP said on Monday. The figures suggest that production cuts announced at the end of March by state-run oil giant Petroleo Brasileiro SA had a relatively modest... Continue Reading →
Guyana has no plans to cut crude output despite a plunge in oil prices, the government's top energy official said on Monday, adding that shutting down production could prove costly and harm future output. Mark Bynoe, the director of the Department of Energy, said the country's crude production averages between 75,000-80,000 barrels per day (bpd)... Continue Reading →
May 4, 2020 The crisis caused by the coronavirus pandemic is changing the calendar for the entire oil and gas sector in Brazil. This time, the National Petroleum Agency (ANP) decided to extend to December 31 this year the deadline for Petrobras to conclude the divestments of its fields onshore and in shallow water. The... Continue Reading →
Apr 30, 2020 Petrobras intends to acquire Equinor's stakes in blocks ES-M-598 and ES-M-673, in deep waters in the Espírito Santo Basin. They are operated by the Norwegian company with a 40% stake, in partnership with Petrobras (40%) and Enauta (20%). At the end of the operation, Petrobras will hold an 80% interest in both... Continue Reading →
Apr 27, 2020 ANP published (April 27), Resolution nº 817/2020 dealing with the decommissioning (deactivation) of oil and natural gas exploration and production facilities, the procedure for returning areas to the ANP (with inclusion in the Permanent Offer) and the sale and reversal of assets. This is a milestone for the industry, as the modernization... Continue Reading →
Apr 27, 2020 Petrobras submitted to Ibama authorization to drill a well, called Anhanguá, in block POT-M-762, in the Potiguar Basin. The planned activity will be carried out 75 km off the coast of Ceará, in a water depth of 2,200 m, and the expected oil characteristics are 28º API, similar to that found in... Continue Reading →
Angola sees an oil production curb by OPEC, its allies and other top producers as insufficient to balance global markets, state news agency ANGOP quoted resources and petroleum minister Diamantino Azevedo as saying on Friday. "It is up to everyone to understand that, despite the measures taken by OPEC, oil producers in various countries should... Continue Reading →
In the midst of a pandemic, newly created Energy Platform (EnP) is qualifying as operator C to participate in the permanent auction of the National Agency of Petroleum, Natural Gas and Biofuels (ANP), which currently has 54 companies registered. This is the strategy set up by the company for the acquisition of onshore exploratory areas... Continue Reading →
Apr 24, 2020 The monthly bulletin on oil and gas production shows stability in volumes extracted in March compared to the previous month. According to data from the National Petroleum Agency (ANP), oil production in the period was 2.968 million barrels per day, a slight decrease of 0.12% compared to February. It is worth remembering... Continue Reading →
