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PPSA offers 13.9 million barrels in eighth spot auction

PPSA offers 13.9 million barrels in eighth spot auction

PPSA will hold its eighth spot auction of the Federal Government’s oil on August 26, offering approximately 13.9 million barrels from the pre-salt. Approximately 13 million barrels will come from Búzios and 900,000 barrels from Atapu, with deliveries scheduled between...

Brazilian ethanol targets the maritime fuel market

Brazilian ethanol targets the maritime fuel market

Maritime decarbonization is creating a new potential market for Brazilian ethanol. Recent industry initiatives have demonstrated the technical use of ethanol in transoceanic vessels, while global shipowners increasingly evaluate alternative fuels to meet tightening...

Brazil’s gas market moves toward greater competition

Brazil’s gas market moves toward greater competition

Industry participants see recent policy developments as important steps toward a more open and competitive Brazilian natural gas market. The CNPE has advanced the framework for commercialization of the Federal Government’s share of pre-salt gas, while ANP has moved...

Exploration moves toward a critical milestone

Exploration moves toward a critical milestone

Petrobras expects to complete drilling of its first deepwater exploratory well in the Foz do Amazonas Basin around the beginning of September. The well represents a critical step in evaluating the geological potential of the Equatorial Margin and may influence future...

Record production reinforces Brazil’s offshore capacity requirements

Record production reinforces Brazil’s offshore capacity requirements

Brazilian oil and natural gas production reached a new record in June, with combined output exceeding 5.8 million barrels of oil equivalent per day. Oil production alone reached approximately 4.47 million barrels per day, while the pre-salt accounted for more than 80%...