Brought to you by Quest Offshore & Southern Cone Consultants
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 →
Norwegian vessel owner Solstad Offshore has been awarded contracts for its vessels by Total and Equinor for operations in Brazil. Solstad said on Wednesday it had entered into a contract with Total E&P do Brasil for charter of a platform supply vessel for 13 months firm. Total has the option to extend the charter with... Continue Reading →
Ecopetrol recorded net profits of $ 6.2 billion in the first half of 2019, the highest since 2013 for the first half. Profits grew 1.6% while the price of Brent crude decreased 7% in that period. The results show the financial and operational strength of the company that faced a challenging environment in the second... Continue Reading →
Brazilian federal prosecutors filed a court injunction on Monday seeking to bar the appointment of right-wing President Jair Bolsonaro’s son Eduardo as ambassador to the United States due to his lack of experience as a diplomat. The public prosecutor’s office asked a Brasilia court to rule on the need for non-diplomats to have relevant international... Continue Reading →
Economic activity in Brazil fell slightly in the three months to June, a central bank indicator showed on Monday, suggesting Latin America’s largest economy may have slipped into recession. The central bank’s IBC-Br economic activity index, a leading indicator of gross domestic product (GDP), fell 0.13% in the second quarter, after a 0.68% drop in... Continue Reading →
Brazil Energy Insight 