New preparations for the entry into operation of the Rota 3 gas pipeline, which will take the pre-salt gas to the Gaslub Itaboraí pole (formerly Comperj). Petrobras announced that it had asked Ibama for the operating license for the shallow and onshore maritime stretches of the line, which may start operating later this year. The... Continue Reading →
Petrobras – Highlights on production and sales in 4Q20
Petrobras had its best operating performance in 2020, overcoming considerable challenges arising from the pandemic, contraction in global demand for fuels and low prices. We reached annual production records of 2.28 million barrels per day (MMbpb) of oil and NGL and 2.84 million barrels of oil equivalent per day (MMboed) of total production. Previous production... Continue Reading →
Petrobras signs contract for sale of shallow water E&P assets in Espírito Santo
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on August 5, 2019, informs that it has signed with the companies OP Energia Ltda. and DBO Energia S.A. a contract for the sale of the totality of its participations in the production fields of Peroá and Cangoá, and in the concession BM-ES-21 (Malombe... Continue Reading →
Petrobras starts binding phase of Potiguar Cluster
Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on August 28, 2020, informs the beginning of the binding phase regarding the sale of the totality of its stakes in a set of 26 onshore and shallow water production field concessions, located in the Potiguar Basin, in the state of Rio Grande... Continue Reading →
ANP EXTENDS DEADLINE FOR PETROBRAS TO SELL 69 MATURE FIELDS
The collegiate board of the National Petroleum Agency (ANP) approved on Thursday the extension of the deadline for Petrobras to conclude the sale of 69 mature fields on land and shallow water. For most of this group of assets, the new term will be June of next year, while the remaining portion should have the... Continue Reading →
PetroRecôncavo considers IPO in face of wave of business in oil and gas, say sources
(Reuters) Brazilian oil company PetroRecôncavo is exploring the possibility of an initial public offering (IPO), three sources said, in a move that illustrates companies' thirst for resources amid a wave of sales of assets in the oil and gas industry in Brazil. The company, based in Salvador, has been working with the support of the... Continue Reading →
More than R$160 million in new investments in the 2nd auction of ANP’s Permanent Offer
The ANP held today the public session of the 2nd Permanent Offer Cycle. 17 exploratory blocks were purchased in six basins (Campos, Paraná, Amazonas, Espírito Santo, Potiguar and Tucano) and an area with marginal accumulations (Juruá, from the Solimões Basin). Together, the 18 areas will receive minimum investments of more than R$ 160 million. For... Continue Reading →
EnP intends to develop an offshore gas hub to meet pre-salt and post-salt production volumes in the southeastern region of Brazil
In the last 8 months, since March 2020, when the EnP Energy Platform was launched, our company has been dedicated to designing and articulating a competitive solution, contributing to the commercial viability of the gas produced on the coast of the Southeast of Brazil, both in the Pre-Salt and Post-Salt. Throughout this period, the project... Continue Reading →
GOVERNMENT TO APPROVE IN DECEMBER NEW PROGRAM FOR REVITALIZATION OF MATURE OFFSHORE FIELDs
The secretary of oil and natural gas of the Ministry of Mines and Energy, José Mauro Ferreira, announced that the government should approve in December the so-called Promar – Mature Offshore Fields Revitalization and Incentive Program. The announcement was made during the opening of the Mossoró Oil & Gas event in Rio Grande do Norte.... Continue Reading →
Aker Solutions gets maintenance and modifications job from Equinor in Brazil
Oilfield services provider Aker Solutions has won a framework agreement with Equinor to provide maintenance and modifications services at the Peregrino field, offshore Brazil. The contract has a fixed period of four years and includes an option for a two-year extension, Aker Solutions said on Monday. The new contract means an expansion of the more... Continue Reading →
Brazil Energy Insight 