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(PN) The Permanent Offer is once and for all consolidated as the main form of bidding for oil and gas areas in Brazil. The Brazilian government authorized the National Petroleum Agency (ANP) to sell 11 pre-salt exploratory blocks within this auction model. The decision was published in an order in the Official Gazette of the... Continue Reading →
Mexico's attorney general has requested a prison sentence of up to 39 years for the former chief executive of state oil company Petroleos Mexicanos (Pemex) for his role in a corruption scandal, two judicial sources said on Wednesday. Emilio Lozoya is accused of having requested money from scandal-plagued Brazilian construction conglomerate Odebrecht to partially finance... Continue Reading →
Initiative reinforces the company's commitment to the gas market in Brazil (TN) Repsol Sinopec Brasil signed a sales contract for the Sapinhoá Norte gas with Petrogal Brasil, reinforcing its participation in the natural gas value chain in Brazil. With this contract, which is the first in this modality, the company began marketing this gas as... Continue Reading →
Tanker operator AET has taken delivers of Eagle Campos, the first of another three Suezmax Dynamic Positioning (DP2) Shuttle Tankers purpose built for long-term charter to Brazil Shipping I Limited, a subsidiary of Shell. Shuttle tankers are used for the offloading and transporting oil from offshore oil installations. AET struck a deal with Shell in... Continue Reading →
(PetroNoticias) Constellation Oil Services announced this week that it has signed new contracts with Petrobras for the charter of two semi-submersible rigs. The contracts involve the Gold Star and Lone Star rigs and will last for three years. The rigs will operate in water depths of up to 2,400 meters and exploration campaigns are scheduled... Continue Reading →
Petrobras created the RES20 program, enabling to recover up to 20 billion barrels of oil equivalent (boe) in its operational fields by 2030. The program was created with a focus on the incorporation of new reserves and targets the main oil fields of the company. To date, in nearly seven decades of the company's operations... Continue Reading →
Domestic oil production in November was 2.852 million bpd, up 2.7% from the previous month; and 3.5% compared to November 2020. In natural gas, with production of 137 million cubic meters per day, there was an increase of 3.7% compared to October and 8.1% compared to November 2020 Total Brazilian oil and gas production during... Continue Reading →
French oil company TotalEnergies began drilling the Marolo-1 well in block C-M-541 on the 31st. The activity is being carried out by the Valaris DS-15 drillship, in a water depth of 3,000 meters. Valid for 5 years, the license issued by the Brazilian Institute for the Environment (Ibama) authorized the drilling of two exploratory wells... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. ("3R" or "Company") (B3: RRRP3), communicates its investors and the market in general that, as of this date, its shares will be included in the portfolio of Ibovespa Index (“Ibovespa”) and Brazil 100 Index (“IBrX 100”) of B3 S.A. – Brasil, Bolsa, Balcão (“B3”). The new portfolio will be... Continue Reading →
3R PETROLEUM ÓLEO E GÁS (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of Resolution No. 44 of the Brazilian Securities Commission, informs its investors and the market in general that on December 30th, 2021 has concluded, through its integrally owned subsidiary 3R Macau SA (“3R Macau”), the prepayment of the 2nd Issuance... Continue Reading →
Brazil Energy Insight 