The president of the Brazilian oil company, Jean Paul Prates, presented plans to increase gas exploration and output.
Browsing: gás
A study by ABESPetro, conducted with consultancy firm Delloite, pointed out the Brazilian oil and gas industry could receive investments of USD 24 billion a year until 2025.
The Russia-Ukraine war could switch the positions of the countries that take part in the global oil and gas industry.
The Brazilian federal government sanctioned the legal framework approved by the Legislative Branch. The new law is expected to help attract foreign investment into the sector.
Brazil’s lower house approved a bill that changes natural gas exploration and distribution. It will now be signed into law by the president.
A bill passed in Brazil’s Chamber of Deputies that changes gas pipeline exploration law. The subject will move forward for consideration by Senate.
The oil company has announced that it’ll resume the sale of its stake in Gaspetro, a company that operates in natural gas trade, storage and distribution.
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.
The administration announced the measure in a bid to address the international oil price slump. The country is highly dependent on oil exports.
Figure was reached for the first time. Oil extraction was up by 7.8% from a year before, and natural gas by 9.5%.
UAE company provides air transport services for the oil industry.
Brazilian state-owned company announced a 3% reduction in diesel and gas prices, but the change might take a while to reach the consumer.
Brazilian president said that, although prices are high, they tend to remain stable, despite the US strike in Iraq last Friday.
