The Mero and Sapinhoá Fields Went to Petrobras, While the French Company Took the Lula Field in This Friday’s Auctions
Petrobras and Total jointly acquired 3 lots of pre-salt oil belonging to the Union in the auction conducted by PPSA, which took place today (Friday) in São Paulo. Brazil’s state oil company secured 3 years of production from Sapinhoá and Mero. The French operator holds 1 year of production related to the Lula field.
According to the Union, the Mero Field area is expected to produce about 10.6 million barrels of oil in fixed volume for the institution. For Sapinhoá, the estimated quantity in the same timeframe is 600 thousand barrels of oil. Total will have to provide 1.1 million barrels from its production during the Lula Field period.
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Taller than the Statue of Liberty, thousands of wind turbines are being planted in the middle of U.S. fields, creating two-story farms where corn and soybeans grow below while the wind turns into electricity above.
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Volkswagen trucks hit the track in a comparison between the Meteor 29.530, designed for operations up to 74 tons, and the Constellation 20.480, which relies on 480 horsepower for those seeking robustness in a 4×2 tractor unit.
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Volkswagen trucks hit the track in a comparison between the Meteor 29.530, designed for operations up to 74 tons, and the Constellation 20.480, which relies on 480 horsepower for those seeking robustness in a 4×2 tractor unit.
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Lula government releases R$ 1.16 billion through the New PAC to renew public transportation in Brazil with 727 buses in cities of São Paulo, Pernambuco, Minas, Rio, and other states, including electric and less polluting models.
Four oil companies participated in these PPSA auctions: Petrobras, Shell, Repsol Sinopec, and Total. It is noteworthy that Pré-Sal Petróleo (PPSA) is a non-dependent Brazilian state company.
Petrobras States It Will Make a Profit This Quarter
The new president of Petrobras, Ivan Monteiro, presents the estimated results for the next quarter as the best in terms of profit for the state company since the onset of Operation Lava-Jato. The predominant factor is the rising dollar, making the national oil price competitive and definitively exiting the crisis that has been plaguing Brazil for four years. Learn more about it and the details that justify these profits here.

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