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Vaca Muerta, one of the world’s largest oil and gas shale reservoirs and Argentina’s most critical asset in helping propel the country’s hydrocarbons output higher, ended the year with outstanding figures. Record production and impressive well performance advances were met by short-term takeaway constraints as many ambitious commitments to increase capacity are yet to be... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for July 2022 in the assets that the Company holds participation. (1) Macau Cluster had its production in May, June and July impacted by an... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 05/24/2022, informs that it has celebrated a new addendum to the natural gas purchase contract with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB). The addendum signed today refers to the commitment profile for deliveries by YPFB of the gas volumes contracted by Petrobras, as a... Continue Reading →
(Reuters) - EIG Global Energy Partners is in early discussions with Repsol (REP.MC) to buy a slice of the Spanish company's oil and gas exploration and production business, three sources with knowledge of the matter told Reuters. The U.S. fund is seeking to purchase up to 25% of Repsol's so-called upstream business, the sources said, in a... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras clarifies the pieces of news in the media about the natural gas purchase agreement signed between Petrobras and Yacimientos Petrolíferos Fiscales Bolivianos (YPFB). In 1996, Petrobras entered into a long-term natural gas purchase and sale contract with YPFB, with a contracted volume of 30 MM m³/day. In 2019, the National... Continue Reading →
(Reuters) - Argentina's new deal with Bolivia to up natural gas imports will bring savings of $769 million in foreign-exchange reserves and replace 14 vessels of increasingly expensive liquefied natural gas (LNG), Energy Secretary Dario Martinez said on Friday. Argentine President Alberto Fernandez and his Bolivian counterpart Luis Arce on Thursday reached a deal for... Continue Reading →
(WO/Bloomberg) — Argentina, home to some of the world’s vastest gas reserves, is bracing for the unthinkable: rationing one of its chief natural resources. Despite having shale-gas deposits to rival those in Appalachia, which made the U.S. a major exporter, Argentina's domestic gas production sector has suffered from years of underinvestment that has left it unable to meet... Continue Reading →
(Reuters) - State-run Brazilian oil company Petrobras is close to reaching an agreement to sell to U.S. private equity firm EIG Energy Partners control of a natural gas pipeline that connects Bolivia and southern Brazil, three people with knowledge of the matter told Reuters. Petroleo Brasileiro SA, as the company is formally known, is expected... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed today with Potiguar E&P S.A. (Potiguar E&P), a subsidiary of PetroReconcavo S.A., contracts for the flow and processing of the natural gas produced onshore by Potiguar E&P in the state of Rio Grande do Norte. The contracts include the right of use of the Guamaré Natural... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras clarifies pieces of news in the media about the supply of natural gas for electric power generation. The company clarifies that it has expanded the supply of fuel for thermal power plants, which allowed to increase, between September 2020 and June 2021, the thermoelectric power generation of its plants and... Continue Reading →
Brazil Energy Insight 