The president of the Brazilian oil company, Jean Paul Prates, presented plans to increase gas exploration and output.
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Brazilian Vice President Geraldo Alckmin announced the creation of a working group to find ways to improve the availability of natural gas in the country.
According to a study released by ApexBrasil, Qatar’s real Gross Domestic Product could grow 4.3% from last year. Rising hydrocarbon prices and the World Cup are expected to drive economic activity.
The oil company finalized the sale of 51% of its stake in Gaspetro to Compass for USD 394. The sale is part of a commitment to promote competition in the natural gas sector in Brazil.
A bill passed in Brazil’s Chamber of Deputies that changes gas pipeline exploration law. The subject will move forward for consideration by Senate.
Partnership with the Energy Research Office aims at connecting opportunities in the energy industry to potential investors and businesspeople.
An IMF report urges Gulf Cooperation Council member countries to tailor their fiscal policies to match the commodity’s prices, which are expected to decline in the next two decades.
The country produced an average of 2.586 million barrels per day last year. Natural gas production, however, grew by 1%.
The country is the leading exporter of natural gas in the world. The Qatari minister of Energy, Saad al Kaabi, said the goal is to ‘focus on the gas business.’
Starting in 2019, the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) will offer scholarships in oil and gas-related studies for undergraduate and graduate (master’s and doctorate) students.
Brazil’s state-run oil company produced 2.47 million barrels of oil equivalent per day worth of oil and gas in August.
Production averaged 2.6 million barrels per day last year in Brazil. Manufacturing of oil products, on the other hand, slid by 3.7% to 1.9 million bpd as spending on imports went up.
Production amounted to 1.78 million barrels of oil equivalent per day in April in wells located in Brazil’s so-called pre-salt area.
