Attractive Market for Oil Companies in Light of ANP Auctions. Even with Lower Oil Prices, Some Measures Are Being Revised to Boost Expectations for New Business.
US$ 1 Billion in Stakes
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ASSET SALES
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A new survey shows that the circular economy is gaining traction among Brazilians, but the preference for conventional products still hinders the sector’s progress, affecting investments, green job creation, and long-term environmental goals.
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A new survey shows that the circular economy is gaining traction among Brazilians, but the preference for conventional products still hinders the sector’s progress, affecting investments, green job creation, and long-term environmental goals.
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A new survey shows that the circular economy is gaining traction among Brazilians, but the preference for conventional products still hinders the sector’s progress, affecting investments, green job creation, and long-term environmental goals.
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Man built a 5-acre lake to raise bass, but after 1,000 days the project turned into a wildlife sanctuary with eagles, deer, ducks, owls, and live cameras that transformed the farm into a biodiversity laboratory.
GROWTH OF OIL GROUPS
The current scenario shows a return to growth for oil groups on the stock market. Large multinationals are more confident and returning to Brazil with strength. “For companies of our size, it is important that they (multinationals) are here in the country, as it allows us to connect with them,” says the president of Queiroz Galvão Exploration and Production (QGEP), Lincoln Guardado.
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ANP AUCTIONS
Still in July of this year, the ANP will open bidding for 158 blocks for oil exploration, bringing opportunities for significant business. The new model of ANP auctions represents a major boost for oil companies in Brazil. Consultant Rocha from the company Accenture Strategy explains that at times a particular block may not seem attractive, but with the rise in oil prices, it can become a substantial business.
Also, check out: Petrobras Closes Deal with French Multinational Renewable Energy Company.
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