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May 5, 2020 ANP published the Monthly Bulletin of Oil and Natural Gas Production with detailed data for March 2020. This month, 3,739 MMboe / d (million barrels of oil equivalent per day) were produced, of which 2,973 MMbbl / d ( million barrels per day) of oil and 122 MMm3 / d (million m3... Continue Reading →
May 4, 2020 The crisis caused by the coronavirus pandemic is changing the calendar for the entire oil and gas sector in Brazil. This time, the National Petroleum Agency (ANP) decided to extend to December 31 this year the deadline for Petrobras to conclude the divestments of its fields onshore and in shallow water. The... Continue Reading →
May 4, 2020 Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in the Manati field, a maritime production concession in shallow waters located in the Camamu Basin, in the State of Bahia. The teaser, which includes key information about the... Continue Reading →
Apr 30, 2020 Seven platforms operated by Brazilian oil company Petrobras in the Campos basin have confirmed cases of the coronavirus among its staff, the FUP oil workers union said on Wednesday. The FUP will ask oil industry regulator ANP and health authorities to halt work on the platforms with the most cases, adding 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 →
Apr 14, 2020 The resumption of operation of the platforms of the Polo Garoupa, in the Campos Basin, will depend on the result of the divestment operation of Petrobras, said managers of the state-owned company in a meeting with the Federation of Oil Workers (FUP), on Tuesday (14/4) . Since the end of March, Petrobras... Continue Reading →
Apr 14, 2020 Increased contingency at Petrobras. The company is serious about cutting people, reducing wages and stopping some activities. Almost 40 company platforms will stop producing oil and gas. The company sent a letter to Sindipetro informing about these actions. In the letter, the company offers three options to employees of the units that... Continue Reading →
Apr 14, 2020 The oil price crisis, aggravated by the drop in demand due to the new coronavirus pandemic, forces large oil companies to cut costs, cut investments and concentrate efforts on more profitable assets. The scenario, however, is more complex for small and medium producers, who, in general, have fewer opportunities to reduce costs... Continue Reading →
Brazil's state-run oil company Petroleo Brasileiro SA said in a letter to the workers union on Thursday that it will idle six oil and gas platforms in five fields of the Campos basin due to the coronavirus epidemic. The company said the idling was aimed at reducing costs in the middle of the crisis hitting... Continue Reading →
March 30, 2020 Investment cut leads large companies, such as Schlumberger and TechnipFMC, to reduce expenses and postpone projects The fall in the price of oil in recent weeks has led to a wave of investment cuts by global oil companies and, little by little, this movement begins to affect the chain of suppliers of... Continue Reading →
Brazil Energy Insight 