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Petróleo Brasileiro S.A. – Petrobras discloses its proved reserves of oil, condensate and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at 10.5 billion barrels of oil equivalent (boe), as of December 31, 2022. Oil and condensate, and natural gas correspond to 85% and 15% of this total, respectively. In 2022,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 01/26/2023 and 04/27/2022, informs that it has finalized today, after the fulfillment of all the preceding conditions, the sale of its total interest in the Albacora Leste production field, located in the Campos Basin, to the company Petro Rio Jaguar Petróleo LTDA. (PetroRio),... Continue Reading →
(PN) Ocyan signed an operating contract with PRIO (formerly PetroRio) for the use of the West Capricorn rig for 730 days. Activities are expected to start in August 2023. For the execution of this contract, 160 jobs are planned for Ocyan members, all in offshore positions. At the moment, the rig is in Trinidad &... Continue Reading →
Petro Rio S.A. ("Company" or "PRIO") (B3: PRIO3), following the Material Fact released on April 28, 2022, informs its shareholders and the market in general that, on this date, the payment regarding the acquisition of 90% interest and operation of the Albacora Leste Field ("Field" or "Albacora Leste") with Petróleo Brasileiro S.A. ("Petrobras") was made.... Continue Reading →
(OM) Woodside Energy has reaffirmed its goal of taking a final investment decision this year on the deepwater Trion oilfield development offshore Mexico. Toward the end of last year, the partners issued competitive tenders for drilling rig, subsea equipment and installation scopes for the subsea facilities, floating production unit (FPU), and the floating storage and offloading vessel. In... Continue Reading →
Danish offshore vessel owner Maersk Supply Service said Thursday it had signed an assignment agreement with TechnipFMC for work in Brazil. The scope covers the pre-installation of the mooring system and hook-up of the FPSO P-78. The FPSO P-78 will be the seventh FPSO in the Búzios field, located in the Santos Basin, offshore Brazil.... Continue Reading →
U.S.-headquartered energy giant ExxonMobil has made a significant new oil discovery at the Stabroek block, which boosts the block’s hydrocarbon resources, fortifying the oil major’s existing portfolio of extensive development opportunities offshore Guyana. The new oil discovery, made at the Fangtooth SE-1 well on the Stabroek block, was disclosed on Wednesday, 25 January 2023, by ExxonMobil’s partner... Continue Reading →
(Reuters) Norway's Equinor has launched the sale of its stake in an offshore Nigerian oilfield, joining a retreat by Western energy firms from the West African country as they focus on newer and more profitable operations, three industry sources said. The company has hired investment bank Standard Chartered to run the sale process, which could... Continue Reading →
Energy producer Hess Corp. on Wednesday beat Wall Street estimates for fourth-quarter profit on higher crude prices, and said it had found more oil offshore Guyana. Western sanctions against major energy producer Russia and the decision of producer group OPEC+ to cut output by 2 million barrels per day pushed up Brent crude prices by... Continue Reading →
Vallourec has signed a long-term agreement with Petrobras for OCTG (Oil Country Tubular Goods) solutions. The three-year agreement covers the supply of OCTG Premium products, associated accessories, and specialized physical and digital services, representing a volume of supply above 110kt of products and accessories. These products, associated accessories, and physical and digital services will support... Continue Reading →
Brazil Energy Insight 