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The Union oil surplus under the production sharing regime increased 74% in October, compared to September, registering a daily average of 7 thousand barrels of oil. Of this total, 4 thousand bpd (barrels of oil per day) were produced in the Mero Development Area, 3 thousand bpd in Entorno de Sapinhoá and 40.7 bpd in... Continue Reading →
Petro Rio SA (“Company” or “PetroRio”) (B3: PRIO3), in compliance with the provisions of the Securities and Exchange Commission Instruction 358, of January 3, 2002, as amended, it informs its shareholders and the market in general that on this date its Board of Directors approved the beginning of the work and the procedures for choosing... Continue Reading →
The 10 Year Energy Plan (PDE) 2030 is in public consultation this week, bringing some expressive forecasts about how the oil and gas sector in Brazil will develop in this decade. The document points out that the exploration and production (E&P) segment should receive investments between US$ 415 billion and US$ 454 billion in the... Continue Reading →
(Reuters) - Brazilian investigators are pursuing the first criminal probe of current executives at commodities trading firm Trafigura on allegations they approved the bribery of employees at state-controlled oil producer Petrobras, according to three people familiar with the matter. The investigation has focused on two of the three top Trafigura directors, Co-head of Oil Trading Jose... Continue Reading →
Norwegian offshore vessel owner Solstad Offshore has entered into a frame agreement with ExxonMobil for the provision of supply vessel services supporting its exploration activities in Brazil. Solstad said on Tuesday that the frame agreement is for three years firm. The first call-off has been received for the platform supply vessel (PSV) Normand Swift for... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on November 16, 2020, informs the beginning of the non-binding phase regarding the sale of 50% of its stakes in the concessions of Marlim, Voador, East Marlim and South Marlim, together called the Marlim Cluster, located predominantly in deep waters in the Campos Basin. ... Continue Reading →
(Reuters) - Ecuadorian state-run oil company Petroecuador is weighing a lawsuit against Vitol after the world’s largest oil trader admitted last week to bribing officials in the South American country, according to two sources with direct knowledge of the matter. Petroecuador is working with the nation’s attorney general to assess how much the Vitol-led graft... Continue Reading →
Federal prosecutors in Brazil filed a civil lawsuit against Danish shipping company Maersk and former executives representing the firm for alleged corruption involving shipping contracts with state-run oil firm Petrobras, they said on Friday. The lawsuit requests that a judge freeze almost 1 billion reais ($198 million) in assets in order to make sure funds... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 01/03/20, informs that it signed today with Energizzi Energias do Brasil Ltda a contract for the sale of its entire stake in the onshore field of Rabo Branco, located in the Sergipe-Alagoas Basin, in the State of Sergipe. The sale value is US$... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that will pay, on Tuesday, 12/15/2020, dividends referred to the 2019 fiscal year, based on shareholding position as of 07/22/2020, 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 12/31/2019 to 12/15/2020 interest... Continue Reading →
Brazil Energy Insight 