The traffic of ports managed by Morocco’s National Ports Agency (ANP) dropped by 4.2% in 2022 compared to the previous year.
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The Brazilian National Agency for Petroleum, Natural Gas, and Biofuels approved opening a public consultation to change a resolution and allow foreign companies to indicate areas for bidding in the sector.
The Brazilian representative in Palestine, Alessandro Candeas, met with the country’s minister of Foreign Affairs and Expatriates, Riyad al-Maliki.
Brazilian government created a committee to suggest enhancements in the governance and methodology of bid rounds in the sector. Group will consist of representations of ministries and ANP.
Brazil’s National Agency of Petroleum reported the cancellation the 17th bid round due to coronavirus.
Brazil produced 1.2 billion barrels of oil equivalent in 2019. Rio de Janeiro was the state that accounted for the largest share.
Figure was reached for the first time. Oil extraction was up by 7.8% from a year before, and natural gas by 9.5%.
Oil production in the country went past the 3-million-barrel mark for the first time at 3.09 million barrels per day in November.
Four oil blocks were on offer in the 6th Production Sharing Bidding Round. A consortium of Petrobras and China’s CNODC placed the winning bid for the Aram area, in the Santos Basin.
Two out of the four blocks offered were acquired at the largest oil industry auction ever held.
The 6th Round of the Pre-Salt Production Sharing will run on November 7 with 17 companies able to compete, the highest number in this regimen’s auctions.
Gulf-based company is part of two consortia that won exploration and production rights to three oil blocks in Campos Basin last Thursday.
Volume reached 3.828 million barrels of oil equivalent per day in August, almost 3 million being in oil only.
Brazil saw USD 500 million invested in the industry in 2018, as per a report by the Federation of Industries of the State of Rio de Janeiro.
