The state-owned company will sell a 90% stake of a 2,000 km gas pipeline network to Brookfield for USD 5.2 billion.
Oil and Gas
State-owned company reveals plans to invest USD 74.1 billion in the next five years, a lower figure than the one from the previous business plan.
According to the Brazilian minister of Mines and Energy, the federal government should auction old onshore fields in February and halfway through the first half of next year.
The International Energy Agency slashed its consumption growth forecast for this year by 100,000 barrels per day and sees an even weaker expansion in 2017.
The company finalized the arrangements for the sale of NTS, which operates its network of gas pipelines in Brazil’s southeast.
The Brazilian government authorized the 4th tender for marginal wells, i.e. those where extraction is not profitable for operators, but could be for smaller companies. No date has been set yet.
In July, 3.255 million barrels of oil equivalent per day were produced in the country, with extraction levels going up for both commodities.
The Brazilian oil company and its Norwegian counterpart entered into a deal to expand a partnership for bidding in tenders for oil and gas exploration blocks, and technological development.
The facility in Pernambuco, Brazil put out over 3 million barrels of oil in July. Diesel and petroleum naphtha production also hit all-time highs.
Brazil produced 3.21 million barrels of oil equivalent per day in June, with 2.558 million of oil barrels and 103.5 million of cubic meters of natural gas.
The Brazilian state-run oil company is handing over its 66% stake in the block known as Carcará for USD 2.5 billion.
The company produced 2.9 million barrels of oil equivalent in June. Its previous all-time high had been in August of last year.