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09.12.24

ANP: Brazil’s Oil Account Achieves Best Result in History

Gazeta Brasil – 09/12/2024 Brazil’s oil account, which measures the balance between exports and imports of oil, derivatives, and natural gas, reached USD 24.5 billion by October, according to data from the ANP (National Agency for Petroleum, Natural Gas and Biofuels) released on Monday (9th). This result was driven by a 10.6% increase in oil...

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14.10.24

PPSA will market 2.5 million barrels of oil in a spot sale in October

PPSA – 14th October 2024 Pré-Sal Petróleo (PPSA) will open a spot sale process on 30th October to market five oil cargoes from the Sépia field. The sale will be divided into two lots: the first with a cargo of 500,000 barrels, scheduled for loading in December 2024, and the second estimated at 2 million...

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07.10.24

Petrobras makes plans to revive a pre-salt field that made Brazil a petroleum giant

Bloomberg – 05/10/2024 06h15 Petrobras plans new seismic surveys, wells, and a platform for Tupi, but first needs to resolve a dispute with the ANP Petrobras (PETR3; PETR4) believes it is close to reaching an agreement with the industry regulator, which will allow it to advance with plans to revitalise a massive deepwater field that...

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17.09.24

Petrobras’ new strategic plan to have greater focus on oil and gas, CFO says

Reuters – September 16, 2024 – 6:17 PM RIO DE JANEIRO, Sept 16 (Reuters) – Petrobras’ (PETR4.SA) new multi-year strategic plan will have greater focus on upstream operations than the previous one, Chief Financial Officer Fernando Melgarejo said on Monday, as the Brazilian state-run firm looks to rebuild oil and gas reserves. Melgarejo told Reuters that the...

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11.09.24

Petrobras refineries break records in pre-salt processing this year

Agência Gov – 10/09/2024 11:55 State-owned company’s refining park reaches 95% utilisation rate and surpasses last year’s mark, with 76% of the processed oil coming from the pre-salt layer. In August, Petrobras set a new record for processing pre-salt oil at its refineries, reaching a level of 76% of the total load. This result surpassed...

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06.09.24

The number of blocks under contract in the exploration phase has increased by 70%.

ANP – 05/09/2024 10h38 With contract signings up until the end of August, the total has risen to 426 blocks, the largest number of areas in the exploration phase since 1998. With the signing of the majority of contracts associated with the 4th Cycle of the Permanent Concession Offer, the exploration phase now accounts for...

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15.08.24

PPSA’s oil production reaches a new record in June, surpassing 70,000 barrels per day.

PPSA – 15 August 2024 The PPSA’s (Brazilian State’s Share of Pre Salt Crude Oil) monthly oil production reached a new record in June, hitting 71,000 barrels per day (bpd). This volume includes output from eight production sharing contracts (66,000 bpd) and the Production Individualisation Agreements (PIAs) for the uncontracted areas of Tupi and Atapu....

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15.08.24

Petrobras begins studies for the implementation of a new platform in Búzios.

Repórter ADVFN – 14/08/2024 Petrobras has begun studies for the implementation of a new platform in Búzios, which would be the 12th FPSO unit in the mega pre-salt field located in the Santos Basin, according to three sources familiar with the matter. The platform, which could cost billions of dollars, would also create a new...

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12.08.24

Brazilian oil exports are expected to grow by 30% by 2030, says IBP

Felipe Erlich – 8 ago 2024, 16h01 The institute estimates that commodity exports could reach $50 billion in 2024. Brazilian oil exports are expected to reach 2.5 million barrels per day by 2030, compared to the current average of 1.9 million barrels per day, an increase of just over 30%. This estimate comes from the...

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09.08.24

Petrobras obtains environmental licenses to increase Brazil oil production, sources say

Rodrigo Viga Gaier – August 8, 2024, 11:33 PM Brazil’s state-run oil company Petrobras has obtained environmental licenses to expand production in two offshore fields, and could have one vessel start production earlier than expected in one field, three people with knowledge of the matter told Reuters. The licenses will allow Petrobras (PETR4.SA), opens new tab to...

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Category: General News

ANP: Brazil’s Oil Account Achieves Best Result in History

PPSA will market 2.5 million barrels of oil in a spot sale in October

Petrobras makes plans to revive a pre-salt field that made Brazil a petroleum giant

Petrobras’ new strategic plan to have greater focus on oil and gas, CFO says

Petrobras refineries break records in pre-salt processing this year

The number of blocks under contract in the exploration phase has increased by 70%.

PPSA’s oil production reaches a new record in June, surpassing 70,000 barrels per day.

Petrobras begins studies for the implementation of a new platform in Búzios.

Brazilian oil exports are expected to grow by 30% by 2030, says IBP

Petrobras obtains environmental licenses to increase Brazil oil production, sources say

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ANP: Brazil’s Oil Account Achieves Best Result in History

PPSA will market 2.5 million barrels of oil in a spot sale in October

Petrobras makes plans to revive a pre-salt field that made Brazil a petroleum giant

Petrobras’ new strategic plan to have greater focus on oil and gas, CFO says

Petrobras refineries break records in pre-salt processing this year

The number of blocks under contract in the exploration phase has increased by 70%.

PPSA’s oil production reaches a new record in June, surpassing 70,000 barrels per day.

Petrobras begins studies for the implementation of a new platform in Búzios.

Brazilian oil exports are expected to grow by 30% by 2030, says IBP

Petrobras obtains environmental licenses to increase Brazil oil production, sources say

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