Brought to you by Quest Offshore & Southern Cone Consultants
Aug 19, 2019 The federal government's ambitious New Gas Market program carries with it a number of risks to investors as there are legal, tax and regulatory uncertainties, not to mention supply and demand issues, in Wood Mackenzie's assessment. According to the global energy research and consulting firm, if the plan were to be executed... Continue Reading →
August 17, 2019 The National Petroleum Agency (ANP) will offer, on September 10, 273 exploratory blocks and 14 areas with marginal accumulations in six sedimentary basins in the country. It is the first cycle of permanent offer of areas, which offer to the market - from the indication of companies operating in the country -... Continue Reading →
Aug 19, 2019 The offer of 15 exploratory blocks in the SC-AR4 sector in shallow waters of the Campos Basin may attract the interest of independent oil companies registered in the Permanent Offer. The blocks are near the fields of Polvo, operated by PetroRio, and Peregrino, operated by Equinor, which is not registered in the... Continue Reading →
The Brazilian oil and gas regulator ANP has granted BW Offshore the oil and gas operator status in Brazil. ANP has also approved the transfer of Chevron and Petrobras’ participating interest in the Maromba field to BW Offshore. BW Offshore announced its agreements with Chevron and Petrobras for the acquisition of Maromba field in March.... Continue Reading →
August 16, 2019 The oil and gas sector can generate investments of around US $ 225 billion over the next eight years in Brazil. If the potential for increased oil activities is confirmed, 474,000 jobs - direct and indirect - are expected to be created by 2022, doubling jobs in the sector. The projections are... Continue Reading →
August 14, 2019 Shell received from Ibama environmental license for the acquisition of 3D seismic data in the area of blocks BM-S-54 and Sul de Gato do Mato, both in the Santos Basin. The license, issued on August 1, is valid for seven months and runs until March 2020. Sul do Gato do Mato is... Continue Reading →
August 15, 2019 While traveling through China, Mines and Energy Minister, Bento Albuquerque, has been presenting investment opportunities in Brazil to businessmen in that country. During a meeting with representatives of the 20 largest Chinese companies in the areas of energy, oil and gas, biofuels, renewables and mining, the minister gave a presentation detailing the... Continue Reading →
August 15, 2019 The Brazilian natural gas market is likely to grow significantly over the next few years, particularly between 2023 and 2025, with the entry of new projects in the Santos Basin, and the country needs to work to get input to market. , said the Executive Director of Petrobras Refining and Natural Gas,... Continue Reading →
August 14, 2019 The Petro Rio SA ("PetroRio" or "Company") (B3: PRIO3) presents its results for the second quarter of 2019 ("2Q19"). The financial and operational information described below, except where indicated otherwise, is presented on a consolidated basis and in Reais (R$) in accordance with International Financial Reporting Standards (IFRS) and includes the Company's... Continue Reading →
Aug 14, 2019 A study by Brazil Petroleum Studies (BPS) and Spectrum / TGS identified reservoirs with up to 450 million boe in the Pernambuco-Paraíba Basin. The volume is similar to discoveries such as Barra, in Sergipe-Alagoas (500 million boe), and Pitu, in Rio Grande do Norte (640 million boe). The analysis, which consisted of... Continue Reading →
Brazil Energy Insight 