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Exxon Mobil (XOM.N) is accelerating its biggest asset sales in decades with plans to divest up to $25 billion of oil and gas fields in Europe, Asia and Africa as it sharpens its focus on a handful of mega projects at home and abroad, banking sources said. The vast programme, which will see Exxon effectively... Continue Reading →
Petrobras, following up on the press release of November 7, 2019, reports that it has signed today with Copagaz and Nacional Gás Butano a contract for sale of all its stake in Liquigás Distribuidora S.A. The sale price is R$ 3.7 billion, to be adjusted according to contract rules and paid upon transaction closing. As... Continue Reading →
OOS Energy, a subsidiary of Dutch firm OOS International, has taken over management of the semi-submersible drilling rig ODN Delba III from Ocyan, formerly known as Odebrecht Oil & Gas. OOS International said last week that the onshore and offshore management teams of OOS Energy Rig Management took over management of the rig on November... Continue Reading →
Nov 19, 2019 ANP extended deadline for Petrobras to conclude operations involving land and shallow water fields The ANP has extended the deadlines for Petrobras to complete its divestments in land and shallow water. The operations involve 124 fields at 20 clusters - some of them already sold, but not yet with all the regulatory... Continue Reading →
The global oil and gas supermajors are looking to sell assets that could bring in a total of $27.5 billion, according to energy intelligence firm Rystad Energy. The intelligence firm said on Monday that these companies were actively shedding mature assets on a massive scale to finance higher-yielding investments elsewhere. The sale of mature assets... Continue Reading →
November 13, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the release dated 09/13/2019, reports on the beginning of the binding phase regarding the sale of its stakes in two onshore concessions, including offloading facilities named Cupiúba and Carapanaúba Cluster, located in the state of Amazonas. Qualified parties for this phase will receive invitation... Continue Reading →
Nov 13, 2019 The purchase of the Lagoa Parda Cluster by Imetame is approved by Cade, without restrictions. The set of three fields in Espírito Santo was 100% sold by Petrobras, for R $ 9.4 million. Deal was signed on October 11th. The current average production of the cluster is 300 barrels of oil per... Continue Reading →
Nov. 12, 2019 Petrobras reports that it has started the opportunity disclosure stage (teaser) relating to the sale of its fuel, lubricant and fertilizer distribution business in Uruguay. In this project, the company aims to sell 100% of the shares held by Petrobras Uruguay Sociedad Anónima de Inversiones (PUSAI) - a subsidiary of Petrobras -... Continue Reading →
TechnipFMC has announced its intent to sell the G1201 vessel as part of its overall strategy to optimize the profile and size of its subsea fleet. The oilfield services company said on Tuesday it had entered into a Memorandum of Agreement to sell the G1201 vessel. The Global 1201 is a multipurpose DP2 heavy lift... Continue Reading →
Nov 12, 2019 Petrobras' divestment plan will gain reinforcement of major exploration and production assets, especially in the Campos Basin. The new strategy began to be reviewed by the E&P area in partnership with the Portfolio Management Executive Management following the auctions held last week. The selection of new projects for sale is expected to... Continue Reading →
Brazil Energy Insight 