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July 14, 2020 Petróleo Brasileiro S.A. – Petrobras reports that the platforms installed in the Búzios field (P-74, P-75, P-76 and P-77), in the Santos Basin pre-salt, reached new production records yesterday, of 674,000 barrels of oil per day (bpd) and 844,000 barrels of oil equivalent per day (boed). The Búzios field, discovered in 2010,... Continue Reading →
Economic activity in Brazil began to grow again in monthly terms in May, after two sharp consecutive declines in March and April, as businesses slowly began to open up in the wake of coronavirus-related quarantining measures. The central bank’s IBC-Br index, a leading indicator of gross domestic product, rose 1.31% in May from April. That... Continue Reading →
Jul 14, 2020 Perenco is finalizing the development plan for the Polo Nordeste, a complex that integrates the Pargo, Carapeba and Vermelho fields, in shallow waters of the Campos basin. The document will be forwarded to the ANP for evaluation until Friday (17 ), requesting the extension of the concession period for the three assets... Continue Reading →
The offshore wind industry had by far its busiest half-year ever for final investment decisions in 1H 2020, surpassing the full-year figures from 2019, according to the latest report from research company BloombergNEF (BNEF). Offshore wind financings in 1H 2020 totaled $35 billion, up 319% year-on-year and even well above 2019’s record full-year figure (a... Continue Reading →
Jul 14, 2020 With a 'significantly reduced' risk of corruption, Petrobras is once again eligible to receive investments from KLP, Norway's largest pension fund, with a total equity of R$ 430 billion. In a statement, the fund noted that the company has significantly strengthened its governance in recent years, so that the risk of corruption... Continue Reading →
Global oil demand will soar by a record 7 million barrels per day (bpd) in 2021 as the global economy recovers from the coronavirus pandemic but will remain below 2019 levels, OPEC said in its monthly report. It was the first report in which OPEC assessed oil markets next year. It said the forecast assumed... Continue Reading →
Norwegian oil firm Aker BP on Tuesday beat second-quarter pretax profit expectations helped by record output and a partial reversal of impairments from the previous quarter as oil prices rose. Pretax profit fell to $151 million from $249 million a year earlier but beat a forecast of $91.3 million in a Refinitiv poll of analysts,... Continue Reading →
July 14, 2020 Petróleo Brasileiro S.A. – Petrobras informs that, on July 11th, it successfully concluded tests on an industrial scale for the production of renewable diesel. The tests were conducted at the Presidente Getúlio Vargas Refinery (Repar), in Araucária, Paraná, where 2 million liters of soybean oil were processed, which resulted in the production... Continue Reading →
July 14, 2020 Petróleo Brasileiro S.A. – Petrobras informs that in early July, it completed, in half the time, the construction of the 7 GLF 49H ESS offshore well, in the Golfinho field, in the Espírito Santo Basin, 100 km from Vitória. This was the first post-salt well built with the application of the True... Continue Reading →
July 13, 2020 Petróleo Brasileiro S.A. – Petrobras reports that its refinery in Duque de Caxias (Reduc), located in Rio de Janeiro, reached the mark of 16,773 tons of asphalt sold in June 2020, an increase of 42.5% compared to May and 120.8% compared to the same month of the previous year. This is the... Continue Reading →
