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The National Petroleum Agency (ANP) announced that the national production of oil and gas in the month of February totaled 3.754 million barrels of oil equivalent per day. Looking only at the share of oil, the volume reached 2.917 million barrels a day, which represents a drop of 3.8% compared to the previous month. Still,... Continue Reading →
Brazil’s Enauta has confirmed it is in talks with Australia’s Karoon Energy for the sale of part of its interest in the Atlanta field located offshore Brazil. Located in the Santos Basin, the Atlanta field is operated by Enauta, which has a 100 per cent interest in this asset. Following a report by Brazilian news... Continue Reading →
(PetroleoHoje) Ocyan signed a contract with Petrobras for the removal of flexible and umbilical ducts from the Cidade do Rio de Janeiro, Cidade de Rio das Ostras and Piranema FPSOs, located in the Campos and Sergipe-Alagoas basins. Ocyan had submitted the lowest bid in the state-owned company's tender, with a value below R$900 million. The... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, informs its shareholders and the market in general that, following the best corporate governance practices, on this date has published the Proposal (“Proposal”) for the Annual and Extraordinary General Meeting (“Meeting”) to be held... Continue Reading →
(Reuters) - Petrobras (PETR4.SA) has a strong governance and there is no room for "adventurers" within the firm, said outgoing Chief Executive Joaquim Silva e Luna on Tuesday. During a lecture at the Superior Military Court, in Brasilia, he came out in defense of the state-owned company's price parity policy, which guarantees its profitability in the refining... Continue Reading →
(Reuters) - Brazilian Economy Minister Paulo Guedes said on Tuesday that a privatisation of oil giant Petrobras was not on the agenda after the government said it would appoint a market-friendly consultant as new chief executive. Speaking to journalists during a visit in Paris, Guedes outlined several planned privatisations, but when asked about the energy... 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) - Brazilian President Jair Bolsonaro has tapped a well-known academic and energy consultant as the next head of state-run oil company Petrobras, effectively ending the tenure of current CEO Joaquim Silva e Luna less than a year after he was appointed. In a statement on Monday, Brazil's Mines and Energy Ministry announced the slate... Continue Reading →
(Reuters) - Brazilian President Jair Bolsonaro has moved to replace the chief executive of state-run oil company Petrobras (PETR4.SA), three sources with knowledge of the matter said on Monday, amid renewed tension over the company's fuel pricing policy. A list of board members that Bolsonaro's government drafted for shareholder approval at an April meeting did not... Continue Reading →
(PN) Constellation reported this week that an amendment to its Judicial Recovery Plan was unanimously approved by its creditors. In a statement, the company stated that the payment conditions and restructuring measures indicated will only come into force after a Confirmation Order issued by the 1st Business Court of Rio de Janeiro, which should happen... Continue Reading →
Brazil Energy Insight 