Browsing Tag

onshore

Oil & Gas

BEHIND THE NEWS: Onshore Calls for Help in the Midst of Crisis

Gabriela Medeiros Mar 30, 2020

Class entities want differential treatment of government to overcome difficulties

Oil & Gas

Geopark Plan Review Approved

analuisaegues Mar 25, 2020

Oil company has until July to decide whether to drill new well in the onshore discovery assessment area

Oil & Gas

Tension Onshore as the ANP Considers Changes

Claudia Siqueira Mar 11, 2020

The regulatory agency’s policies have led to apprehension and instability in the industry

Oil & Gas

Eagle Buys Tucano Sul Complex

analuisaegues Mar 10, 2020

The Brazilian company signs a US$ 3 M contract with Petrobras for fields in Bahia

Oil & Gas

Pará-Maranhão: More Time for Divestments

analuisaegues Mar 2, 2020

The deadline for the delivery of proposals for offshore concessions has been extended to March 5

Oil & Gas

Legislation To Allow Oil Drilling on Indigenous Lands Is Introduced

analuisaegues Feb 10, 2020

The Federal government’s proposal authorizes prospecting for hydrocarbons in demarcated areas

Oil & Gas

Deadline Extension for Onshore Blocks Denied

analuisaegues Jan 17, 2020

ANP denied another exploratory year for the Petrobras assets

Oil & Gas

Oil and Gas Discoveries Up 35% Last Year

João Montenegro Jan 6, 2020

However, amount in 2019 was still much lower than the peak in the historical series

Oil & Gas

BEHIND THE NEWS: Petrobras Divestment “Breakthrough” in 2019

João Montenegro Jan 3, 2020

Company concluded the selloff of more than US$ 21 billion in assets, closed new contracts and progressed many operations

Oil & Gas

Geopark Reports Oil Traces in Recôncavo

Cassiano Viana Dec 3, 2019

Traces of oil were found in onshore well 1-GPK-4D-BA in block REC-T-128

Oil & Gas

Alvopetro Contracts Ended

Bruno Postiga Nov 18, 2019

Onshore blocks in the Recôncavo Basin should be included in the ANP's permanent offer

Oil & Gas

Petrobras Announces New Divestment

Dário Silveira Nov 4, 2019

The company will start the sale of 15 onshore exploratory blocks in the Sergipe-Alagoas Basin

Older Posts

From the Media

Apr 03, 2020 - Argus

A pause in Brazilian diesel import negotiations is likely to extend into April as domestic demand wanes and the market braces for a wave of shipments contracted before coronavirus-related movement restrictions were put in place. Brazil's state governments adopted more restrictive social isolation measures in mid-March, a move that signaled caution for the refined products sector. Many fuel distributors halted imports as they monitor the degree to which the outbreak will sap domestic diesel and gasoline demand. As of 1 April, 23 ships were scheduled to deliver around 1.1bn l of diesel by the end of the month, slightly higher than the 1bn l mark forecasted for March delivery, according to oil analytics firm Vortexa. There are currently no additional Brazil-bound import vessels scheduled for departure in April and May.

Apr 03, 2020 - BNamericas

Latin America’s energy sector is in the middle of a tectonic shift with wide-ranging potential consequences for the region’s economies. This was the key takeaway from an online conference organized by the Inter-American Dialogue. Experts discussed the perfect storm of health crisis and low oil prices, and possible effects on some the most exposed economies. Brazil, Colombia and especially Venezuela, for example, depend on oil revenue but calculated with prices way above current levels of US$20-30/b. The drop is a consequence of a rift between OPEC+’s two biggest producers, Russia and Saudi Arabia, pushing prices below the break-even point of promising basins such as Brazil’s pre-salt and Argentina’s Vaca Muerta, Inter-American Dialogue program director Lisa Viscidi said.

Apr 03, 2020 - Reuters

Brazil's manufacturing sector shrank in March at the fastest pace in more than three years, according to a survey of purchasing managers' activity on Wednesday, as the hit to activity from the coronavirus outbreak began to be felt. The IHS Markit Brazil manufacturing purchasing managers index (PMI) came in at 48.4, down from 52.3 the month before and signaling the first contraction in activity since last July.A reading above 50.0 marks expansion in the sector, while a reading below signifies contraction.

Apr 03, 2020 - Agencia Brasil

Brazilian President Jair Bolsonaro announced this week that the aid to workers and businesses as well as states and municipalities to tackle the new coronavirus crisis adds up to roughly 2.6 percent of the country’s gross domestic product. The president was joined by Economy Minister Paulo Guedes, who stated this aid will cost US$ 18.7 billion to public coffers and should benefit 54 million Brazilians. Other measures, the minister went on to mention, are aimed at helping businesses preserve employment.