Slated for May 2016 in Oran, the International Exhibition on Oil, Gas and Petrochemistry will feature industry discussions, as well as products and services in exhibition. Seven thousand visitors are expected.
Oil and Gas
Sudan’ ministry of Finance announced it will not perform new cuts in fuel subsidies until international oil prices decline again.
The Brazilian state-run oil company produced 1.023 million barrels of oil equivalent per day in November, a 1.8% increase over October.
The state-owned company’s chief Aldemir Bendine told the press that it will emerge stronger and more mature from the crisis, and that performance will improve within four years.
The sum will be needed for projects over the next ten years, according to the Saudi minister of Oil, Ali Al-Naimi.
In a statement this Wednesday (14th), CEO Aldemir Bendine expressed optimism regarding the future of Petrobras. He will improve governance in a bid to restore the image of the state-run oil company.
The loan's term is ten years and, according to the company, represents an advance of 2016 funding operations.
Round of bids for 266 oil exploration blocks closes with 37 blocks sold to companies in seven countries.
The Brazilian state-owned oil company reported that negotiations with Mitsui are in their final stages concerning the latter’s acquisition of a stake in the former’s gas industry subsidiary.
The country produced 2.46 million barrels per day in July, an increase of 8.8% in comparison to the same month of 2014. Natural gas production registered a increase of 8.5% in the same comparison.
This is the number of approved registrations in the 13th Bidding Round of the petroleum agency. The bidding is scheduled to October 7th.
National Petroleum Industry Organization and Apex-Brasil will start looking for foreign-based enterprises for production-oriented partnerships with Brazilian oil and gas industry suppliers.