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PetroReconcavo recorded net income of R$ 22.9 million in the third quarter of this year, a result 261% greater than that of the same period in 2020, when the oil company earned R$ 6.342 million. In 2021, net income totaled R$ 104.6 million, reversing a loss of R$ 144.8 million in the first nine months... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that on 11/12/2021 the term of the Ombudsman Mário Vinicius Claussen Spinelli, who held the position since November 2015, will end. Petrobras' Board of Directors approved the nomination of Luiz Cristiano Oliveira de Andrade to take over as Ombudsman, starting as of 11/13/2021, for a three-year term, with the... Continue Reading →
Offshore seismic surveyor PXGEO has been awarded an ocean bottom node survey contract in Brazil. PGXEO said that the project, awarded by the Brazilian oil company Petrobras, would start in the second quarter of 2022. The contract will last for around three months. In June 2021, PXGEO acquired Fugro's subsidiary Seabed Geosolutions, a company specializing in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/27/2021, informs that it concluded today the sale of its entire 93.7% equity stake in Breitener Energética S.A. (Breitener), located in the state of Amazonas, to Breitener Holding Participações S.A., a wholly owned subsidiary of Ceiba Energy LP, which is backed by Denham... Continue Reading →
The pipeline sector has great potential for expansion with the opening of the natural gas market and greater pre-salt production, in addition to being a transport alternative that allows the movement of large volumes of fuel with lower gas emissions. The president of the IBP, Eberaldo de Almeida Neto, highlighted that Petrobras' divestments in the... Continue Reading →
The ANP published today the names of two more companies qualified for the Second Round of Bidding for Excess Volumes of the Transfer of Rights: Petrobras and Shell Brasil Petróleo SA. Both were approved at a meeting of the Special Tender Commission (CEL). There are ten companies eligible for bidding: Chevron Brasil Óleo e Gás... Continue Reading →
New Fortress Energy received approval from ANP for the construction of the South Gas Terminal, in Babitonga Bay, in Santa Catarina. Incorporated into the company's portfolio after the acquisition of Golar Power, the project had been awaiting authorization from the agency since February and is expected to start operating in the first quarter of 2022.... Continue Reading →
(PetroNoticias) ExxonMobil notified the National Petroleum Agency (ANP) of the discovery of traces of oil in the pioneer well 1-EMEB-2-RJS (Titã-1), in the Titan block in the Santos Basin. The milestone was reached approximately three months after the start of drilling at the site, which is being carried out by the West Saturn drillship, chartered... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Resolution no. 44 of 08/23/21, informs that it was notified by Capital Research Global Investors (CRGI), an independent investment division of Capital Research and Management Company, that it sold preferred shares issued by the Company, and that on 11/05/21, it began to manage... Continue Reading →
Karoon Energy announced that financial close has been reached on the Company’s US$160 million reserve-based, non-recourse, syndicated debt facility. An initial draw down, in accordance with the facility agreement, of US$30 million has been made in preparation for investments in the Baúna intervention campaign and Patola development in Brazil. This marks a significant step in... Continue Reading →
Brazil Energy Insight 