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Apr 22, 2020 FCF Participações e Investimentos, minority partner at Porto Central, submitted to Ibama a project that foresees the construction of a natural gas treatment unit in Presidente Kennedy, in Espírito Santo. The enterprise will have the capacity to produce 36.2 million m³ / d of natural gas. The plan is to run the... Continue Reading →
More than 30 companies, including commodities traders like Gunvor and Vitol as well as units of oil majors like Exxon Mobil and Royal Dutch Shell, submitted expressions of interest for a contract to market the Guyanese government's share of the country's crude, the government said on Tuesday. The National Procurement and Tender Board administration unveiled... Continue Reading →
April 22, 2020 On April 20th, the ANP published, in a special edition of the Federal Official Gazette, ANP Resolutions 815/2020 and 816/2020. They establish new procedures to be adopted by companies operating in oil and natural gas exploration and production activities while the temporary measures to deal with the public health emergency resulting from... Continue Reading →
With crude prices collapsing, Mexico’s president says his country will shut down new wells in a move that comes just over a week after he almost wrecked a global oil deal by refusing to make deep output cuts. The country invested last year in drilling new wells, Andres Manuel Lopez Obrador said during his daily... Continue Reading →
Guyana has attracted interest from several oil trading companies for a contract to serve as the marketing agent for the government's share of the country's crude, despite a plunge in global prices, four people familiar with the matter said. Oil major Royal Dutch Shell and commodities traders Gunvor and Mercuria were among the companies that... Continue Reading →
Brazil's oil industry has requested 29 oilfields be mothballed so far, including 16 offshore and 13 onshore, with a total production of 65,000 barrels per day, as the sector struggles with lower demand amid the coronavirus outbreak, local regulator ANP said. Twenty of the oilfields expected to be mothballed are in the process of being... Continue Reading →
(Reuters) - Brazilian President Jair Bolsonaro has tapped Symone Araujo to lead the country’s oil regulator ANP, according to Friday’s official gazette. Araujo is currently director for natural gas at the Ministry of Mines and Energy. Her nomination still needs the Senate’s approval, and if confirmed she will replace Aurelio Amaral, whose mandate ended last... Continue Reading →
Apr 16, 2020 The National Petroleum Agency (ANP) indicates that the number of cases of Covid-19 in workers in the oil and gas sector in Brazil has risen to 162. As of yesterday, there were 132. Currently, there are still another 1,020 cases being investigated, awaiting test results. Fortunately, so far, there have been no... Continue Reading →
April 16, 2020 MME is working to carry out the 2nd Permanent Offer Auctions in the second half of this year, said Minister Bento Albuquerque, during a webinar held by FGV, in partnership with the EPBR agency, on Wednesday (4/15). Of the four rounds planned for this year - 17th of Concessions, 7th of sharing... Continue Reading →
The physical oil market, where millions of barrels of real cargoes are traded each day, needed OPEC+’s historic cuts to global crude production months ago. On Sunday, producer nations pledged to limit output by an unprecedented 10% of global supply. While there’s skepticism the cuts will prove deep enough -- demand has plunged by far... Continue Reading →
