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(Reuters) - Brazilian oil company Petroreconcavo SA expects to invest more than 1 billion reais ($193.91 million) in 2023 as it develops assets in Northeastern Brazil, and has not ruled out fresh acquisitions, its chief executive said. Petroreconcavo, which started operating in 2000, has grown significantly in recent years after buying onshore assets from state-run... Continue Reading →
(Reuters) - Brazil's small- and medium-sized oil firms are set to invest some 40 billion reais ($7.74 billion) in onshore fields by 2029, according to a survey by the country's independent oil and gas producers association Abpip. The group, which includes companies such as Eneva (ENEV3.SA) and PetroReconcavo (RECV3.SA), aims to extend the lifespan of and increase production... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/12/2022, informs that its Executive Board approved adjustments to the competitive process for the sale of all of its 18.80% stake in UEG Araucária S.A. (UEGA), with the end of the current phase and the restart of the process. In this process, Petrobras... Continue Reading →
3R PETROLEUM ÓLEO E GÁS SA ("3R" or "Company") informs its investors and the market in general that, on December 22, 2022, the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) approved the transfer of 62.5% stake in the concession rights over the Papa Terra production field (“Papa Terra Cluster” ), held by Petróleo... Continue Reading →
(Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva will appoint Senator Jean Paul Prates of his Workers Party to be the next chief executive of state-run oil company Petrobras (PETR4.SA), a member of his transition team said on Thursday. Deyvid Bacelar, the head of oil workers' union FUP, revealed Lula's choice on social media minutes... Continue Reading →
(Bloomberg) -- Petrobras’s new management should carry out a two-month review of the oil giant’s business plan to bring it more into line with Brazilian President-elect Luiz Inacio Lula da Silva’s wider policy goals, according recommendations from Lula’s transition team. The energy experts who worked on Lula’s transition concluded that Petrobras’s existing $78 billion five-year... Continue Reading →
(OET) Brazilian oil and gas giant Petrobras has awarded Norwegian seismic company PGS with a 4D production contract over the Barracuda-Caratinga field in the Campos basin offshore Brazil. The Ramform Victory will most likely be rigged to acquire the Barracuda-Caratinga 4D survey, supported by PGS Apollo as a source vessel, the Norwegian company said. Mobilization is scheduled to start in the... Continue Reading →
(TN) Petrobras started testing the Bravo technology (Remote Buoy for Offshore Wind Assessment). The equipment, capable of measuring wind speed and direction, is essential for measurements aimed at implementing offshore wind generation projects. The total investment is BRL 9 million and there is a forecast that the use of this technology, unprecedented in the country,... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, informs that it put into operation, this Wednesday (Dec,21), the P-71 platform vessel, installed in the Itapu field, in the Santos Basin pre- salt area, 200 km off the coast of Rio de Janeiro. The start of production has been anticipated, as it was originally scheduled for 2023. From Petrobras'... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 10/14/2022, informs the beginning of the non-binding phase regarding the sale of 100% of its equity interest in Petrobras Operaciones S.A. (POSA), a wholly-owned subsidiary of Petrobras in Argentina and holder of a 33.6% interest in the Rio Neuquén Field. Potential buyers qualified... Continue Reading →
Brazil Energy Insight 