Brought to you by Quest Offshore & Southern Cone Consultants
3R Petroleum Óleo e Gas S.A. (“3R” or “Company”) (B3: RRRP3) hereby reports its results for the second quarter of 2023 (“2Q23”). Except as indicated otherwise, the financial and operational information set out below is presented on a consolidated basis and expressed in Brazilian Reais (R$), in accordance with accounting practices adopted in Brazil (CPC)... Continue Reading →
(OET) Brazilian oil and gas player Enauta has concluded the drilling and completion of another well in its drilling programme at a field offshore Brazil. In addition, the firm has started drilling activities at the last well in this drilling campaign. Back in November 2022, Enauta started drilling its first well, 7-ATL-5H-RJS, in this drilling campaign at the Atlanta... Continue Reading →
(OE) Eight Amazon rainforest nations are expected to face divisions over proposals to block new oil drilling and end deforestation when they meet on Tuesday for their first summit in 14 years. The meeting of the Amazon Cooperation Treaty Organization (ACTO) gathers heads of state from Bolivia, Brazil, Colombia, Ecuador, Guyana, Peru, Suriname and Venezuela... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the news released in the media and as disclosed to the market on 06/01/2023, informs that the Strategic Plan 2024-2028 will have as a driver, among others, the forecast of low-carbon CAPEX for the range between 6% and 15% of the total CAPEX for the first five... Continue Reading →
(Reuters) - Brazil's Petrobras may increase investments in its next five-year business plan by up to 10% over the previous one, which would place the state-run oil company's capital expenditures at around $86 billion, Chief Financial Officer Sergio Caetano Leite said in an interview on Monday. The increase in the 2024-2028 plan, still being discussed,... Continue Reading →
(Bloomberg) -- Brazil’s state-controlled oil company Petrobras is closely following negotiations for a majority stake in petrochemicals producer Braskem SA and will be ready to act if any of the proposals go forward, Chief Financial Officer Sergio Caetano Leite said during a press conference Friday. Petroleo Brasileiro SA, as it is formally known, has the... Continue Reading →
Petrobras started contracting process for FPSO for the Barracuda and Caratinga Field Revitalization Project, another important milestone in the Campos Basin revitalization plan. The announcement was published on the Petronect portal last Friday (04/08). The new FPSO will have the capacity to produce up to 100 thousand barrels of oil per day (bpd) and process... Continue Reading →
(OE) Oilfield services firms SLB, Subsea 7, Aker Solutions have received approvals from all relevant competition authorities to create a subsea joint venture, as proposed in August 2022. "Following clearance as of [Friday] by antitrust authorities in Brazil, all regulatory approvals/clearances required to close the transactions have been obtained, including required clearances in Angola, Mozambique, Australia, Norway,... Continue Reading →
(OE) Malaysian FPSO leasing company Yinson Production said Monday it had secured a $230 million term loan facility in relation to FPSO Maria Quitéria Yinson is delivering for Petrobras in Brazil. The loan facility was structured and arranged by Global Infrastructure Partners (“GIP”), an independent infrastructure fund manager with approximately USD100 billion in assets under... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the material fact disclosed on July 28, 2023, informs that its Board of Directors, in a meeting held yesterday, approved a Share Buyback Program for Shares Issued by Petrobras (Buyback Program), to remain in treasury and subsequent cancellation, without reducing the share capital. The Buyback Program will... Continue Reading →
Brazil Energy Insight 