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4/15/19 Engie is mapping areas for natural gas storage in Brazil. Done in partnership with Petrobras and ANP, the study looks at depleted fields, already at the end of their useful life from the point of view of production. Engie Brasil's director of natural gas and infrastructure, Emmanuel Delfosse, explained to BE Petróleo that balancing... Continue Reading →
In recent decades, in Brazil, natural gas has been seen as an unwanted by-product, almost a refuse of oil extraction. Its most obvious destination is usually the reinjection in the producing wells or in flaring pure and simple. With a pipeline network inferior to the one in the Netherlands, although it has 197 times greater... Continue Reading →
Japan’s MODEC has concluded financing for an FPSO charter project, which will be used on the Eni-operated Area 1 block offshore Mexico. To remind, Eni’s development plan for the discoveries of Amoca, Miztón, and Tecoalli within the Offshore Area 1 located in the shallow waters of the Campeche Bay was approved by Mexico’s National Hydrocarbon... Continue Reading →
GeoPark Limited (“GeoPark” or the “Company”) (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, today announced its operational update for the three-month period ended March 31, 2019 (“1Q2019”). All figures are expressed in US Dollars and growth... Continue Reading →
April 15, 2019 The ANP announces the pre-announcement and the draft contracts of the 6th Round of Bidding under the system of production sharing. The auction will offer the areas of Aram, Cruzeiro do Sul , Bumerangue. Sudoeste de Sagitario and Norte de Brava. - In January, Petrobras communicated to the National Energy Policy Council... Continue Reading →
Rio de Janeiro, April 12, 2019 - Petróleo Brasileiro S.A. - Petrobras informs that it received the Official Letter No. 123/2019/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No. 123/2019/CVM/SEP/GEA-1 “Mr. Director, 1. We refer to the news published on 04-11-2019, in the G1 news portal, Economics section, under the title: "Bolsonaro orders, and Petrobras... Continue Reading →
A conversation lasting less than 20 minutes was enough to put the neo-liberal credentials of Brazil President Jair Bolsonaro’s government in question. Bolsonaro and his Chief of Staff Onyx Lorenzoni suspended oil giant Petrobras’ diesel price increase late Thursday after that discussion and a phone call to Petrobras CEO Roberto Castello Branco, according to a... Continue Reading →
12/04/2019 Petrobras plans to sell up to 30% of its stake in BR Distribuidora, the country's largest fuel distribution company. The oil company is in advanced talks with banks and financial investors to divest its share by issuing shares (known as "follow on") at the São Paulo stock exchange. With the deal, the state company... Continue Reading →
04/11/2019 Bento Albuquerque, MME announced that the federal government will open the natural gas market to the competition. According to the minister, the fact that the state-owned company Petrobras exclusively operates in most of the activities related to the import and production of gas is contrary to the interests of consumers. "We see that this... Continue Reading →
Survey respondents think drilling rig demand will increase and the harsh environment semi-sub market is undersupplied, but peak oil demand is a growing concern. We’d like to thank the nearly 300 offshore oil and gas industry professionals who answered one or more of our 2019 rig market survey questions. So, let’s go through the results.... Continue Reading →
Brazil Energy Insight 