HIGHLIGHTS FOR THE PERIOD Click here for the Earnings Release.
PRIO 2Q22 Earnings Release
Report: Floating rigs led the way, drilling majority of recent offshore discoveries
Offshore staff (OM) For the month of July, oil and gas discoveries were announced across five offshore regions: the Far East, Middle East, North Sea/Barents, South America, and the US Gulf of Mexico, Esgian reported Aug.2. These regions accounted for seven discoveries. The analyst firm said floating rigs led the way, drilling five of the... Continue Reading →
Prosafe reports highest quarterly fleet utilization since Q3 2015
(OM) Prosafe, an owner and operator of semisubmersible accommodation vessels, said its fleet utilization rate in second-quarter 2022 was 81% (Q2 2021: 65.8%), with five out of seven vessels in full operation throughout the quarter, according to the company's latest quarterly results report. Safe Boreas was working part of the quarter while Safe Scandinavia remains idle. This is the highest... Continue Reading →
Petrobras concludes the sale of E&P assets in Espírito Santo – Peroa Cluster
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 01/29/2021, informs that yesterday it has finalized the sale of all its stakes in the producing fields of Peroá and Cangoá, and in the BM-ES-21 concession (Malombe Discovery Evaluation Plan) jointly called Peroá Cluster, located in the Espírito Santo Basin to the company... Continue Reading →
Brazil’s 3R Petroleum subsidiary agrees on $500 mln loan to pay for Potiguar oil field
3R PETROLEUM ÓLEO E GÁS S.A. (“Company”), informs its shareholders, investors and the market in general that, on this date, its wholly-owned subsidiary 3R Lux, a private limited liability company (société à responsabilité limitée) formed under the laws of Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies (Registre de commerce... Continue Reading →
Petrobras leapfrogs oil majors in dividend payouts by more than 50%
(Reuters) - Brazil's state-controlled oil company Petrobras (PETR4.SA) will distribute at least twice as much as the biggest international oil producers in second quarter dividends, boosting the government's coffers amid a tense presidential campaign. The five biggest Western oil producers - Exxon Mobil Corp (XOM.N), Chevron Corp. (CVX.N), Shell PLC (SHEL.L), TotalEnergies (TTEF.PA) and BP (BP.L) - posted record cash distributions to shareholders in... Continue Reading →
Búzios breaks record monthly production record in June – 616 thousand barrels per day
(TN) The average monthly production of 616,000 barrels of oil per day (bpd) achieved in June at the Búzios Field, in the pre-salt layer of the Santos Basin, is the highest monthly average volume recorded in this field since the beginning of its operation in April 2018. According to Petrobras, the total represents an operational... Continue Reading →
PRIO: MUP3A WELL START OF PRODUCTION
– Petro Rio S.A. (“Company” or “PRIO”) (B3: PRIO3), informs its shareholders and the market in general of the start of production of the 7-FR-55H-RJS (“MUP3A”) well in the Frade Field (“Field” or “Frade”), with average initial production of approximately 3,500 barrels of oil per day, increasing the Company’s production to 52,000 barrels per day.... Continue Reading →
ANP extends exploratory period for ExxonMobil blocks in Sergipe-Alagoas and Campos Basins
The National Petroleum Agency (ANP) extended the first exploratory period of four ExxonMobil blocks in Brazil. The measure will apply to areas SEAL-M-575, SEAL-M-637 and SEAL-M-505, in the Sergipe-Alagoas Basin; and also for block C-M-789, in the Campos Basin. The term extension was granted within the scope of ANP Resolution No. 815/2020, which allows for... Continue Reading →
Transocean books two new drillship deals, Petrobras 10000 and Deepwater Conqueror
With the recovery in the offshore drilling market underway, Transocean has secured new long-term contracts for two of its ultra-deepwater drillships, adding over $1.24 billion to its backlog. Transocean said on Monday that the ultra-deepwater drillship, Petrobras 10000, received a 5.8-year contract for work offshore Brazil with a national oil company. The contract adds an estimated... Continue Reading →
Brazil Energy Insight 