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Oil and Gas

07/12/2017 at 16:19h

Pre-RFP out for oil exploration

Brazil’s National Agency of Petroleum, Natural Gas and Biofuels has issued a pre-request for proposals and the draft contract for the tender of 70 exploration blocks.

30/11/2017 at 12:51h

Oil industry tax break extended

The Brazilian Chamber of Deputies approved the extension of a draft Provisional Measure lifting taxes on imports of goods intended for oil and gas exploration, development and production.

14/11/2017 at 18:45h

GCC oil projects worth USD 331 billion

Such is the combined value of projects underway in the oil and gas industry in Gulf Cooperation Council countries.

14/11/2017 at 15:58h

IEA oil demand forecast scaled back

The International Energy Agency slashed its 2018 consumption projection for Brazil to 3.13 million bpd, besides shedding 50,000 bpd from its worldwide forecast.

03/11/2017 at 17:13h

Iraq exported USD 5.4 bn in oil in October

The country produced 103.7 million barrels last month, which results in an average above 3.3 million daily barrels.

01/11/2017 at 13:29h

Business owner confidence up in October

An index from think tank Fundação Getúlio Vargas climbed 2.6 points in October from September to its highest level since July 2014.

01/11/2017 at 13:27h

Pre-salt output increased 6.6%

In September, nearly 1.6 million daily barrels of oil equivalent were produced in the Brazilian pre-salt, which accounted for 49.8% of the country’s total.

30/10/2017 at 19:11h

Qatar part of group that won pre-salt block bid

State-owned Qatar Petroleum is part of a consortium that won the tender for the Alto de Cabo Frio Oeste area, in the Santos Basin, alongside Shell and Chinese company CNOOC.

27/10/2017 at 17:01h

Federal government grosses USD 1.89 bn through oil tenders

The second and third bidding rounds for pre-salt area production sharing agreements were held this Friday. Winning bids were placed for six out of eight blocks on offer.

26/10/2017 at 12:59h

Petrobras to save USD 10 million

The Brazilian state-run oil company will restructure its oil exploration, production and refining operations, as well as its natural gas operations, which will lead to cost-cutting.

18/10/2017 at 19:46h

Petrobras’ output goes up

In Brazil, the company produced in September 2.8% more oil and 2% more natural gas than in August.

13/10/2017 at 16:56h

World oil consumption to increase in 2018

The OPEC expects demand to hike by 1.4 million barrels per day. It has revised its forecast due to an improved outlook for the global economy.