Brazilian state-controlled oil company Petrobras produced an average of 2.74 million barrels of oil equivalent per day (MMBOE/d) in July — a 2.5% decline over total oil and gas production in June due to a scheduled stoppage, Kallanish Energy learns.
Brazilian state-owned oil company Petrobras reported a second-quarter profit of $96 million – a 9.4% drop compared to the same period last year, but a 93% decline compared to the previous quarter, Kallanish Energy learns.
Petrobras’ oil and gas production, both domestically and internationally, remained virtually flat in the second quarter this year, while exports of crude and oil products doubled in the same period, Kallanish Energy learns form the company’s earnings presentation.
French energy group ENGIE, through its subsidiary ENGIE Brasil Energia, is in final talks with Brazilian renewables developer Renova Energia for the acquisition of a 605-megawatts (MW) wind power project.
Brazilian oil output from pre-salt fields surpassed in June, for the first-time ever, the volume of oil pumped from other offshore and onshore fields, the country’s oil regulator ANP said in its latest monthly report.
Brazilian development bank BNDES has granted its first-ever financing facility for a solar photovoltaic (PV) power generation project, approving some BRL 529 million ($163 million) in funds for the Pirapora I project, Kallanish Energy learns.
Petrobras has denied a report by Brazilian media saying “oil pirates” had invaded units of the state-owned company in the Amazon and stolen, beyond fuel, drilling and exploration equipment, Kallanish Energy learns.
Brazilian oil industry regulator, ANP, is considering easing local content rules to pre-existing exploration and production contracts to unlock investments “as soon as possible,” rather than in the medium-longer term, Kallanish Energy reports.