The money is expected to be invested in the 2024-2028 phase of the oil and gas industry’s current contracts, Brazil’s oil and biofuels regulator reported.
Browsing: petroleo e gás
The Brazilian oil company had a drop in net profit. Still, it recorded its sixth-best-ever EBITDA, driven by higher oil exports and lower LNG imports.
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 Brazilian company announced its refineries were running nearly full tilt at the end of June.
Saudi Arabia’s February crude exports reached 7.3 million barrels per day, the biggest volume since April 2020.
The Russia-Ukraine war could switch the positions of the countries that take part in the global oil and gas industry.
The oil company posted several record numbers last year, including pre-salt production. The company has also increased its gasoline, diesel and jet kerosene sales.
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.
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 produced 1.2 billion barrels of oil equivalent in 2019. Rio de Janeiro was the state that accounted for the largest share.
Company reported a production of 3 million barrels of oil and gas per day, a record high.
May saw 2.73 million bpd, higher than the previous record of December 2016.
March saw 2.5 million barrels of oil equivalent and 111 million cubic meters of gas produced per day in Brazil, the National Agency of Petroleum reported.
Lebanese minister of Energy, Nada Boustani, released opportunity on Twitter on Tuesday (4). Deadline for bids is January 31, 2020.
