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Investments in production development are forecast at US$93 billion, according to estimates from Pré-Sal Petróleo (PPSA).
Understanding the importance of environmental law is fundamental to ensuring the preservation and sustainable use of natural resources. Environmental law seeks to regulate relations between man and the environment, establishing norms and guidelines for the protection of nature and the promotion of sustainable development.
Estimates indicate that investments in production sharing will reach US$93 billion between 2023 and 2033. This value represents a significant amount allocated to projects in the sector over a period of 10 years, highlighting the relevance and growth potential of this segment of the economy.
An important fact is that, according to EPE, the price of gas needs to be reduced by half to make fertilizer production viable. This highlights the need for adjustments and investments to make this sector more competitive and sustainable, with significant impacts for the industry and the economy as a whole.
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Javier Milei expresses interest in partnership to build pipeline from Vaca Muerta with Brazil
Economist Javier Milei expresses his willingness to establish a partnership with the Brazil for the construction of a pipeline linked to the Vaca Muerta region, in Argentina, aiming to expand and strengthen the energy sector from South America.
The next broadcast auction foresees a significant volume of investment, with an estimate of R$ 18,2 billion destined for the improvement and expansion of the transmission system electricity No. Brazil, aiming to ensure greater efficiency and reliability in the supply of electricity to the country.
The development of 22 of 23 contracts de production sharing and three production individualization agreements with the participation of Union currently hired may require the hiring of 18 production platforms (FPSOss) of up to 225 thousand barrels/day of capacity by 2033, estimates pre-salt Oil (PPSA).
It is estimated that the investments in production development reach the amount of US$93 billion in the period between 2023 and 2033. This amount includes the construction of 302 production and injection wells, as well as the implementation of new production units.
The projections were recently updated and will be presented in detail during the 6th PPSA Technical Forum, which is taking place today (21/11) and is being broadcast on the agency's epbr channel. Follow all the discussions and presentations highlighted at the event.
Total sharing production is estimated to reach a peak of 2,3 million barrels de Oil per day until 2029. While the share of oil from Union it could reach 920 thousand barrels per day by 2031.
Over ten years, accumulated production can reach 6,5 billion barrels, of which 1,3 billion barrels will be allocated to Union 2033 up.
Considering current projections for the price of oil, it is estimated that PPSA's sales revenue could reach $ 462 billion during the period, together with $ 373 billion in royalties and $ 315 billion in federal taxes.
Companies in the distribution sector request changes to the program Renovation
Distribution companies fuels are seeking modifications to the program Renovation, with the aim of adapting it to the carbon market in other sectors. The proposal in question aims to transfer the responsibility for purchasing CBIOs to the refineries and change the nature of the credits in question.
– The proposal was presented to the Ministry of Development, Industry, Commerce and Services (MDIC) by the group called Movimento + Bio, composed of Vibra, Ipiranga and Brazilcom, a federation that represents more than 40 companies operating regionally.
– The justification for the local gas law sanctioned by the government of Alagoas is that the previously implemented program failed to achieve the objective of increasing bio productionfuels, stagnant for a decade, and the new legislation imposes responsibility for emissions on the producer.
Alagoas becomes a reference in the sector of natural gas. The state, which recently approved the local gas law, enters the scenario standing out as leader of the Free Gas Market Ranking (Relivre) – which evaluates the opening of the gas market in each state from the perspective of producers, distributors and consumers.
According to a study carried out by the Energy Research Company (EPE), São Paulo, which is the largest consumer of gas for fertilizers, is among the three states with the worst evaluations in relation to product prices. The survey analyzed 20 states and showed that São Paulo is poorly positioned in the ranking.
The study also revealed that the price range charged for gas intended for the production of fertilizers is 50% to 80% lower than the amount charged to the industrial consumer in Brazil, which is $19 per million BTU. Furthermore, the price is 25% to 75% lower than the amount charged by Petrobras from distributors, which is US$ 12 per million BTU.
Fast approaching the referendum, the Venezuela seeks the support of the population to annex part of the Guyana, which has increased tension between countries and involved other actors such as Brazil, Colombia, United States and the International Criminal Court in The Hague.
Challenges of pipeline from Vaca Muerta
The project of the pipeline de Vaca Muerta faces uncertainty despite the desire to maintain the initiative. The complexity and difficulties present represent significant challenges for the completion of the project.
The prices of Oil remained practically stable after an increase of more than 6% in recent sessions, with the market awaiting the recoveryunion da OPEC+ on the weekend. A barrel of WTI closed with a slight drop of 0,08%, at US$ 77,77, while that of Brent rose 0,16%, at US$ 82,45.
Furthermore, a new executive director took office today at the Institute Brazileiro of Oil and Gas. The executive has experience in Petrobras, ANP and in the government of Rio de Janeiro, in addition to being a professor and consultant in the oil and gas sector.
The process for the first broadcast auction of 2024, the draft notice was approved, with a predicted amount of R$ 18,2 billion in investments. This auction's main focus is on expanding renewable energy transmission capacity in the Northeast region of Brazil. Brazil.
The competition, scheduled for March 28, 2024, will feature 15 lots of transmission lines totaling 6,46 thousand km, in addition to the construction of new substations with a transformation capacity of 9.200 MW distributed across 14 states.
The Gênesis consortium is implementing new, stricter rules for companies wishing to participate, requiring proof of experience, presentation of an audited balance sheet and the possibility of renegotiation with other participants in the event of the winner's disqualification.
Expansion of port to wind power offshore plans to offer logistical support for the wind farms that will be built on the coast of Rio Grande do Norte. This expansion aims to meet the demands of the growing offshore wind sector.
Expansion of the area and investments em cranes high capacity
The proposal aims to expand the current area of 38 thousand m2 to better accommodate the operations necessary for the montagem of futures wind farms. Furthermore, it is planned to acquire cranes with a capacity of 500 to 700 tons to facilitate material movement.
The cost of the project is estimated at R$500 million and is in the negotiation phase between Intersal and the North American group Edison Chouest Offshore.
Source: EPBR Agency
