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(PN) The National Petroleum Agency (ANP) confirmed that the country's proved reserves grew 11% in 2021. In addition, there was an increase of 14.3% in the volume related to the sum of proved and probable reserves (2P) and of 19.8% in the sum of proved, probable and possible (3P), compared to 2020 data. Replacement rate... Continue Reading →
(PetroleoHoje) Foreign companies and independent oil companies already account for 28.4% of oil production per concessionaire, according to data published by the ANP on Wednesday (3/30), referring to the month of February. The difference is 9.2% in relation to the same period last year, in which these companies accounted for 26% of oil production per... Continue Reading →
The National Petroleum Agency (ANP) announced that the national production of oil and gas in the month of February totaled 3.754 million barrels of oil equivalent per day. Looking only at the share of oil, the volume reached 2.917 million barrels a day, which represents a drop of 3.8% compared to the previous month. Still,... Continue Reading →
Brazil’s Enauta has confirmed it is in talks with Australia’s Karoon Energy for the sale of part of its interest in the Atlanta field located offshore Brazil. Located in the Santos Basin, the Atlanta field is operated by Enauta, which has a 100 per cent interest in this asset. Following a report by Brazilian news... Continue Reading →
(Reuters) - China Petroleum & Chemical Corp (600028.SS), better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a decade, echoing Beijing's call for energy companies to raise production. Sinopec expects to spend 198 billion yuan ($31.10 billion) in 2022, up 18% from a year ago,... Continue Reading →
(Reuters) Brazil this decade expects to gradually add 3 million barrels per day of oil and gas to its production but cannot speed up those plans to offset a ban on Russian oil, top oil regulator Rodolfo Saboia told Reuters last week. One of the largest and fastest-growing non-OPEC oil producers, the South American country... Continue Reading →
The National Petroleum Agency (ANP) approved the request for declaration of commerciality for Wahoo, in the Campos Basin, operated by the independent oil company PetroRio. The request had been filed by the company at the end of last year. The field is located in block C-M-101 and has 126 million recoverable barrels of oil (1C),... Continue Reading →
(PetroleoHJoje) The Maersk Developer rig, chartered to execute Karoon's intervention campaign in Baúna, in the Santos Basin, is already on its way to Brazil. The Maersk unit, which left Trinidad & Tobago last week, is expected to arrive in the country in the second half of April. The semi-submersible Maersk Developer will start campaigning in... Continue Reading →
PetroRio inaugurated a new power generation system at FPSO Bravo, which is installed in the Polvo and Tubarão Martelo fields, in the Campos Basin. The production of electricity at the unit will be made with natural gas produced at the complex, replacing diesel. The novelty promises to bring environmental gains, with reductions in the burning... Continue Reading →
(Reuters) - A group of oil and gas "mini-majors" are emerging among U.S. shale producers, built from aggressive dealmaking that industry players expect will accelerate on strong commodity prices and the retreat of Europeans from U.S. onshore production. The players, including Devon Energy Corp , EQT Corp (EQT.N), Continental Resources (CLR.N), Pioneer Natural Resources (PXD.N) and Diamondback Energy ,... Continue Reading →
Brazil Energy Insight 