Petróleo Brasileiro S.A. – Petrobras informs that will pay on Thursday, 01/19/2023, the second installment of the remuneration to shareholders, approved by the Board of Directors, in connection to the Material Fact released on 11/03/2022 and Notice to the Market of 11/18/2022, based on the shareholding position on 11/21/2022 for holders of Petrobras shares traded... Continue Reading →
Brazil’s govt formalizes Prates nomination as Petrobras CEO
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) said on Friday the government has officially nominated Jean Paul Prates to serve as its chief executive officer and board member. President Luiz Inacio Lula da Silva had already announced he would appoint Prates for the top job. Reuters reported earlier on Friday, citing sources, that the nomination had... Continue Reading →
Valaris Bags Drilling Contracts in Brazil, U.S. GoM, and UK North Sea
Offshore drilling firm Valaris said Friday it had recently secured contracts and extensions for its offshore drilling rigs in Brazil, the U.S. Gulf of Mexico, and the UK North Sea. In Brazil, French oil company TotalEnergies exercised an extension option for the VALARIS DS-15 drillship. With this extension, the GustoMSC P10000-design drillship is expected to remain busy until December 2023.... Continue Reading →
CHC helicopter operator lands new million-dollar deals with Brazilian oil & gas giant
Brazilian state-owned energy giant Petrobras has awarded several new contracts to CHC do Brasil, part of CHC Helicopters, for offshore transport services in Brazil. CHC revealed on Friday that it has signed five exclusive contracts with Petrobras, valued in millions. However, the firm did not disclose the exact value of these agreements, which have been secured for offshore transportation of... Continue Reading →
South America to stay ‘key region for high-impact exploration’, Westwood says in 2023 outlook
High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more exploration. South America is set to continue to be a... Continue Reading →
Welligence Global Offshore Drilling Outlook
(OE) Welligence expects global offshore exploration drilling activity in 2023 to remain relatively steady year-on-year. The majors will drive much of the activity in their core regions, along with Petrobras, the world’s leading deepwater operator. And while there are far fewer independents active in the offshore today compared to 10 years ago, Welligence still anticipates... Continue Reading →
Lula government braces for new pro-Bolsonaro protests in Brazil
(Reuters) - Brazil's 11-day-old government braced on Wednesday for more protests by far-right former President Jair Bolsonaro's supporters, whose Sunday rampage through public buildings marked the worst attack on the country's institutions in decades. The government of leftist President Luiz Inacio Lula da Silva bolstered security measures nationwide as flyers appeared on pro-Bolsonaro social media... Continue Reading →
3R Petroleum December 22 Production Data
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), following best practices in Corporate Governance informs its investors and the market in general the preliminary unaudited production data for December 2022. (1) Refers to the 35% Interest held by 3R in Pescada Cluster concessions. (2) In December, approximately 70% of the gas produced... Continue Reading →
Column: Is Brazil another BRIC in the wall?
(Reuters) - Almost as surprising as the weekend's shock events in Brasilia was how little world markets appeared to react - showing investors may already be braced for an era of more volatile geopolitics after 2022's tensions over Russia and China. And yet just a year after most markets dismissed the chances of a full-scale Russian invasion... Continue Reading →
Brazil independent Enauta production up 5% in December
(PN) The production of the independent oil company Enauta in December reached the level of 18 thousand barrels of oil equivalent per day. The volume represents a growth of around 5% compared to the previous month, when the operator produced 17,000 barrels of oil equivalent per day. The Atlanta field, in the Santos Basin, Enauta's... Continue Reading →