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February 14, 2020 Last Friday (14), Shell began the licensing process for nine new wells in the exploration blocks CM-659 and CM-713, in the Campos Basin pre-salt, and aquired by the company in the 16th bidding round of the National Petroleum Agency (ANP). The licensing process at Ibama started shortly after the signing of the... Continue Reading →
February 14, 2020 In partnership with BP and Equinor, company prepares first production sharing well in the basin In March, Petrobras plans to start drilling the first exploratory well in Dois Irmãos, in the Campos Basin pre-salt. The location of the well, in the area purchased in the 4th Round of Sharing, has already been... Continue Reading →
FEB 12 , 2020 Minister of Mines and Energy, Bento Albuquerque, launched the Ten Year Energy Plan (PDE 2029), a document that brings an indication of the prospects for future expansion of the energy sector for the next decade. For the oil and gas sector, in particular, the projections are encouraging. The government estimates that... Continue Reading →
Feb 12, 2020 Equinor's goal of reducing carbon emissions by 2.2 million tonnes between 2021 and 2040 in Peregrino and Pitangola fields in the Campos Basin has just received an important nod. The National Petroleum, Natural Gas and Biofuels Agency (ANP) authorized changes to the Development Plan for the fields. With this, it will be... Continue Reading →
The dispute over who will run operations for a major offshore oil discovery in Mexico could eventually come down to the technical opinion of the country's independent oil regulator, according to one of the body's commissioners. Closed-door talks between national oil company Pemex and a private consortium led by U.S.-based Talos Energy over who will... Continue Reading →
FEB 10, 2020 The National Petroleum Agency (ANP) will hold the signing ceremony for the 16th Bidding Round and the 1st Permanent Bidding Cycle next Friday (14). The event will take place at the their central office, in Rio de Janeiro, from 11 am and marks the beginning of expectations for new investments in the... Continue Reading →
Guyana is aiming to complete talks with the Exxon Mobil Corp-led consortium producing oil off its coast over crude pricing, lifting costs, and scheduling before the government exports its first cargo, energy director Mark Bynoe said on Monday. Exxon Mobil and partners Hess Corp and China's CNOOC Ltd inaugurated oil output in December at the... Continue Reading →
Colombia's Ecopetrol and Anglo-Dutch energy giant Royal Dutch Shell have teamed up to develop three blocks in the Caribbean, the state-owned oil company said on Friday. Under the deal, Shell will acquire a 50% operating-stake in the Fuerte Sur, Purple Angel and COL-5 blocks, which are found in deep-water areas of the Colombian Caribbean. Continue... Continue Reading →
February 7, 2020 Brazil will receive 10% of the Norwegian oil company's investments in the next two years Equinor plans to drill five high-impact exploratory wells in Brazil over the next two years, the company's vice president and chief financial officer, Lars Christian Bacher, said on Thursday during a conference call with analysts. High-impact wells... Continue Reading →
Brazil’s real slumped on Thursday to within sight of its all-time low against the dollar, despite the central bank’s signal a day earlier that its latest interest rate cut could be its last, and a broad rise in market-based interest rates. The real’s decoupling from rates suggested speculative flows were behind the currency’s slide, given... Continue Reading →
