1/2/19 The oil and gas regulator said on Friday (28) that all land areas for exploration, including new blocks, will be offered to the market in Brazil through a permanent offer, with no more conventional concession auction for areas onshore. The decree comes after the federal government delegated the regulatory agency the definition of blocks... Continue Reading →
Brazil E & P: extension of the competences of CNPE and ANP
1/1/2019 According to Bento Albuquerque, the new Minister of Mines and Energy, the biggest change in the oil segment will be the expansion of the competencies of the National Council for Energy Policy (CNPE) to define the exploitation regimes of the pre-salt areas and , together with the National Agency of Petroleum, Gas and Biofuels... Continue Reading →
Operators to drill more than 180 wells in 2019
01/02/19 The commitments agreed by the block and field operators in Brazil with the ANP foresee 183 wells in 2019, 149 in assets in the production phase and 34 in exploratory projects. The information was shared by the agency with BE Petróleo. Most of the wells programmed will be drilled in the Potiguar (33)... Continue Reading →
Members of Petrobras’ Board of Directors resign
Rio de Janeiro, January 2, 2019 – Petróleo Brasileiro S.A. – Petrobras reports that yesterday, the Chairman of the Board of Directors, Mr. Luiz Nelson Guedes de Carvalho, and Board member, Mr. Francisco Petros Oliveira Lima Papathanasiadis, presented their resignations from the posts of Chairman and member of the company's Board of Directors, respectively, as... Continue Reading →
S&P Ratings: Offshore rig rates to remain low till-2021
In a recent report, S&P said that after a peak floater utilization of than 80% in 2013, this has dropped to around 50% in 2017, “and we expect levels to remain essentially flat until 2020.” “Although tenders and bidding activity for ultra-deepwater and deepwater floaters have recently picked up, we expect any new fixtures to... Continue Reading →
Bolsonaro takes office in Brazil, says nation ‘liberated from socialism’
Brazil’s newly inaugurated President Jair Bolsonaro said on Tuesday his election had freed the country from “socialism and political correctness,” and he vowed to tackle corruption, crime and economic mismanagement in Latin America’s largest nation. Bolsonaro, a former army captain turned lawmaker who openly admires Brazil’s 1964-1985 military dictatorship, promised in his first remarks as... Continue Reading →
Happy New Year 2019
A HAPPY AND PROSPEROUS NEW YEAR 2019! THANK YOU FOR READING BRAZIL ENERGY INSIGHT.
Petrobras – Appointment of the Board Member elected by the employees Danilo Ferreira da Silva
Rio de Janeiro, December 28, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, at a meeting held today, approved the appointment of Mr. Danilo Ferreira da Silva to the position of member of the Company's Board of Directors, until the next Shareholders' General Meeting. Mr. Danilo Ferreira da Silva will... Continue Reading →
Petrobras – Application for Registration of Public Offer of Debentures
Rio de Janeiro, December 28, 2018 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on December 26, 2018, reports that the application for registration of the public distribution offer of simple, unsecured debentures not convertible into shares ("Debentures"), in up to three (3) series, in the sixth (6th) issue by the... Continue Reading →
Petrobras board examines the chartering of two drilling rigs
12/28/18 Petrobras' technical area closed a report suggesting the hiring of Ocean Rig to charter two rigs for the Mero project. The document was finalized by the bidding committee a little over a week ago. It will then be forwarded to the oil company's board of directors for approval at the first meeting of the... Continue Reading →
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