Brazil will offer 91 oil blocks permanently
Brazil's Ministry of Mines and Energy said in a statement on Friday that it will sell 91 oil blocks permanently. This could result in signing bonuses of up to 2.4 billion Reis ($394.11m) at the next auction. The government will offer 39 blocks within the Sao Francisco Basin of Minas Gerais, 41 blocks, and a marginal accumulating field in Rio Grande do Norte's Potiguar Basin, as well as 11 blocks located in Brazil's pre-salt region. Companies can bid on a block in the permanent offer model.
Official: Colombia advances in geothermal energy bid round
Orlando Velandia said that Colombia has made progress in organizing a bid round for geothermal licenses at a Tuesday industry event held in Cartagena, a Caribbean city. It is a top priority for the government of President Gustavo Petro, who is a leftist. Velandia said that the process could start by the end this year. Colombia is currently organizing an offshore wind auction for its Caribbean waters. Velandia…
Petrobras Eyes $9 Bln Transfer-of-rights Addendum
Brazil's state-run oil company Petrobras said on Tuesday its board of directors approved an addendum to a transfer-of-rights oil contract that will see it reimbursed to the tune of $9.06 billion, but the deal remains subject to governmental agreement.Approval depends on the publication of a Ministry of Mines and Energy decree that does not violate the rights and conditions from the contract Petrobras has already negotiated, the company said in a statement.(Reporting by Luciano Costa; Writing Jamie McGeever)
Colombia, Shell Ink Offshore E&P Contracts
Colombia's government on Monday said it signed two exploration and production contracts with Shell in offshore areas of the Caribbean Sea that will require the company to make initial investments of $100 million.Colombia recently modified contractual terms for offshore exploration and launched a Permanent Area Allocation Process so companies can apply to explore in areas of interest, offering 20 blocks as part of a strategy to boost the oil sector."The signing of these contracts revalidates the confidence of o
Cambodia to Boost Clean Energy Use
Cambodia will push ahead with plans to use hydropower and coal to electrify the entire country by 2020, but solar energy will play some role, especially in remote areas, an energy ministry official said on Wednesday.The Southeast Asian nation has electrified rapidly since 2000, when only 16 percent of the population had access to power, according to the World Bank.Today, 87 percent of villages and 73 percent of households are connected to the grid…
Petrobras Seeks Partnerships
Petrobras informs that it has started the disclosure stage of two divestment opportunities (Teasers) related to the sale of its interest in refining and logistics in Northeast and South regions of Brazil. Petrobras intends to sell 60% of its equity interest in each of these new companies. Two subsidiaries will be set up for each region. The Northeastern subsidiary will comprise two refineries, namely Landulpho Alves (RLAM)…
Chariot Oil & Gas Update on Mauritania Block
Chariot and its partners Cairn Energy and the SociétéMauritanienne des Hydrocarbures et de Patrimoine Miner ("SMHPM"), have secured a one year extension on the current exploration phase of the C-19 licence (55% Chariot (Operator), 35% Cairn, 10% SMHPM (carried interest)). As part of the extension, the Partnership has committed to undertake seabed coring studies, which will provide further subsurface detail and serve to further de-risk this part of the portfolio.
Cambodia Oil & Gas Bids to Start
Cambodia plans to open bids for concessions on 19 onshore oil and gas exploration blocks to promote investment in the sector, a senior official at the country's Ministry of Mines and Energy said on Wednesday. The Southeast Asian country is also keen to talk with international investors about acquiring stakes in six offshore blocks, Diep Sareiviseth, deputy director general at the ministry and in charge of international petroleum affairs, told reporters in Bangkok.
Colombia Coal Output at 24.5 Mln Tonnes in F1 Q 2014
Colombia, the world's fourth largest exporter of coal, produced 24.5 million tons of coal in the first quarter, reported Friday the Ministry of Mines and Energy did not provide a comparative figure immediately. Between January and March, mineral extraction was affected by Drummond, the second largest producer of coal in Colombia, which remained paralyzed exports and activities in its two mines for 76 days, and…
