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APR 6, 2020 The new secretary of Petroleum, Natural Gas and Biofuels, José Mauro Ferreira, is a former director of the Energy Research Company (EPE). The appointment was published in the Official Gazette (DOU) today. Ferreira holds a bachelor's degree in Industrial Chemistry, a Master's in Materials Engineering from the Military Engineering Institute (IME) and... Continue Reading →
Guyana's oil output rose 58.2% to 56,320 barrels per day (bpd) in January, up from 35,607 bpd in December, the South American country's finance ministry said in a report published this week. The government is still working with the consortium producing crude at the Stabroek block off its coast on finalizing the procedures to calculate... Continue Reading →
April 3, 2020 The auction of the Atapu and Sépia TOR surpluses, pre-salt fields in the Santos Basin, is being scheduled for June 2021, the Minister of Mines and Energy, Bento Albuquerque said last Thursday (2). They are volumes offered, but not contracted in the auction of the Transfer of Rights in 2019. The minister... Continue Reading →
OPEC and allies are working on a deal for an unprecedented production cut equivalent to around 10% of global supply, an OPEC source said after U.S. President Donald Trump called on oil nations to stop the oil rout caused by the coronavirus pandemic. The meeting of OPEC and allies such as Russia has been scheduled... Continue Reading →
APR 2, 2020 The National Petroleum Agency (ANP) approved earlier this week the Development Plan for the Lapa field, in the pre-salt of the Santos basin. The field is operated by Total (45%), in partnership with Shell (30%) and Repsol Sinopec (25%). The French oil company's share previously belonged to Petrobrás, which sold its share... Continue Reading →
April 2, 2020 Petrobras notified the presence of oil in Uirapuru during the drilling of 1-BRSA-1373B-SPS, repetition of the first well drilled in the block, in the Santos Basin pre-salt, contracted in the 4th pre-salt sharing round. Petrobras will also test the HISEP technology, which separates dense phases at high pressure, with the fluid produced... Continue Reading →
April 2, 2020 Shell will have at least until December 2021 to complete the assessment of the discovery of Gato do Mato, in the Santos Basin pre-salt. Decision of the ANP board, authorized the combination of the exploration work of the original concession (BM-S-54) with the sharing contract (Sul de Gato do Mato). - Investment... Continue Reading →
Brazil's oil and gas regulator ANP on Wednesday approved the temporary suspension of the 17th round of auction bids for exploration and production rights planned for this year due to the coronavirus health crisis. In a press release, the ANP said its action followed the Mines and Energy Ministry's decision to suspend pre-auction procedures such... Continue Reading →
April 1, 2020 The ANP board approved the review of the discovery assessment plan (PAD) for well 3-BRSA-1267-RJS, an extension well for the original Libra discovery, which provides for additional campaigns in the Southeast and Central areas of the block. - Southeast: the consortium led by Petrobras needs to decide on December 31 this year... Continue Reading →
Mar 30, 2020 The ANP has been waiting, since the end of December, for Petrobras to send documentation proving the fulfillment of 32 pending issues that prevent the P-70 from starting to operate for safety reasons. Related mainly to the commissioning and start-up schedule, the problems were identified during a prior audit and Petrobras needs... Continue Reading →
