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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 →
(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 →
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 →
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 →
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 →
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 →
Suriname's Staatsolie has offered eight offshore exploration blocks in the shallow waters off the coast of South America's smaller country up for bidding. Staatsolie, the national oil company of Suriname, said the blocks, covering around 13,524 km2, are located in the currently unlicensed and underexplored shallow offshore acreage of Suriname. The blocks are located in... Continue Reading →
Norwegian energy intelligence group Rystad Energy has said that oil and gas exploration activity in 2020 has been resilient, despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades. "Found resources already exceed 8 billion barrels of oil equivalent (boe) and are projected to settle at around 10 billion boe... Continue Reading →
A joint venture between Brazil’s Ocyan and Altera Infrastructure (formerly Teekay) has been awarded a contract by Karoon for the charter of the FPSO Cidade de Itajaí, which is operating on the Baúna field offshore Brazil. As previously reported, Karoon has finally taken over the operatorship of the Baúna field, located in the Santos Basin offshore Brazil.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 07/24/2020 and 07/28/2020, informs that it has concluded today the sale of its entire stake in the Baúna field (BM-S-40 concession area), located in shallow waters in the Santos Basin, to Karoon Petróleo & Gás Ltda (Karoon), a subsidiary of Karoon Energy Ltd.... Continue Reading →
Brazil Energy Insight 