Petróleo Brasileiro S.A. - Petrobras informs that will pay, on Thrusday, 04/29/2021, dividends referred to the 2020 fiscal year, based on shareholding position as of 04/14/2021, in connection to the Material Fact released on that date. The amount of dividends to be paid will be adjusted by Selic interest rate from 12/31/2020 to 04/29/2021 interest... Continue Reading →
Petrobras on 1Q21 results
Petróleo Brasileiro S.A. – Petrobras reports that it will release its 1Q21 production and sales Report tomorrow, April 27, 2021 and its 1Q21 financial performance Report on May 13, 2021, both after the markets close. On May 14, 2021 two webcasts will be held, the first in Portuguese and the second in English, to present... Continue Reading →
Brazil oil production falls 6% in first quarter, led by Petrobras -ANP
Oil production in Brazil fell 6% in the first quarter from a year earlier, according to National Petroleum Agency (ANP) figures seen by Reuters on Monday, led by a drop in output from state-run oil giant Petrobras. Brazil produced an average of about 2.8 million barrels per day in the first three months of the... Continue Reading →
ENGLISH COMPANY SUES PETROBRAS CLAIMING LOSSES CAUSED BY SERVICES NOT PAID BY SCHAHIN GROUP
(PetroNoticias) The English company Marin Holding International hired the law firm Luzone Legal, specialized in the business area and in the oil and gas sector, to sue Petrobras for possible losses arising from the services provided by the vessel, Vitoria 10,000. As a reminder, the case is one of the most emblematic in the oil... Continue Reading →
GeoPark Announces Successful First Phase of Its Strategic Deleveraging Process
(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil, and Argentina, today announced successful first phase of its strategic deleveraging process that is expected to result in a significant debt reduction and an... Continue Reading →
2020: A year like no other with a Mixed Outlook for Subsea
On many levels, 2020 was a pretty horrific year, “a year like no other”, according to Mike Beveridge, managing director of energy investment firm Simmons Energy, a division of Piper Sandler. It’s easy to see why. A dip into a negative WTI contract prices, Brent troughing at $23/b – the indicators were all pretty grim.... Continue Reading →
EIG COMPLETES SALE OF TBG’S PARTICIPATION TO BELGIAN GROUP FLUXYS
(PetroNoticias) EIG Global Energy Partners concluded the sale of its 27.5% stake in Transportadora Gasoduto Bolivia-Brasil (TBG). The stake was negotiated with the Belgian group Fluxys, active in the natural gas infrastructure sector. The deal was announced by the two companies in January this year, but the transaction figures have not been revealed. With the... Continue Reading →
Scheduled for December 2021, CNPE approves parameters for bidding in Sepia and Atapu
(MME) The National Energy Policy Council (CNPE) approved the technical and economic parameters for the Second Bidding Round for the Excessive Volumes of the Transfer of Rights of the Atapu and Sépia Fields. The parameters chosen are derived from robust studies that involve geophysical, geological, reservoir and economic modeling, followed by a multicriteria approach to... Continue Reading →
PPSA -February production under Sharing regime contracts
(TNPetroleo) The accumulated production since 2017, in the three contracts under a sharing regime, reached 50.4 million barrels of oil in February. The Mero Development Area was responsible for 68% of the production in the period. The total accumulated share of the Union's oil surplus has stood at 8.3 million barrels of oil since 2017.... Continue Reading →
Fugro Assisting Jumbo with Mero 1 Offshore Work in Brazil
Dutch offshore services provider Fugro has won a deal with offshore transportation and installation firm Jumbo Maritime to provide providing positioning and construction support services on the Mero 1 deepwater field development, offshore Brazil. Using its navigation suite and augmented reality camera system Fugro is supporting Jumbo in the installation of 35 subsea torpedo piles and... Continue Reading →
Brazil Energy Insight 