Brought to you by Quest Offshore & Southern Cone Consultants
PRIO S.A. ("Company" or "PRIO") (B3: PRIO3), in addition to the material fact released on November 3, 2022, informs its shareholders and the market in general that, on this date, received the payment regarding the conclusion of the sale of its 10% interest in the Manati Field ("Field" or "Manati") to Gas Bridge Storage S.A.... Continue Reading →
(OET) AIM-listed and Canada-headquartered oil and gas company Eco (Atlantic) Oil & Gas is embarking on a search for new partners, after expanding its interest in a block offshore Guyana, thanks to the green light for the acquisition of Tullow Oil’s entire interest in Tullow Guyana (TGBV), which includes the Orinduik license and operatorship of... Continue Reading →
SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, have completed the transaction related to the purchase of FPSO Liza Unity, a few months ahead of the end of the maximum lease term, in February 2024. The purchase allows ExxonMobil Guyana to assume ownership of the unit while SBM Offshore will continue to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras clarifies that, yesterday, it was informed by Abu Dhabi National Oil Company (ADNOC) of its non-binding proposal for the acquisition of Novonor S.A.'s (Novonor) stake in Braskem in the amount of R$10.5 billion. This proposal will still be evaluated by Petrobras' competent bodies. According to releases to the market published... Continue Reading →
(OW) Canada Pension Plan Investment Board (CPP Investments), through its wholly-owned subsidiary CPPIB Renewables Europe S.à r.l, has agreed to sell its 24.5 per cent stake in two German offshore wind farms to a wholly-owned subsidiary of Enbridge. Under the transaction, CPP Investments will sell its stake in Hohe See and Albatros offshore wind farms,... Continue Reading →
Oil and gas company Kosmos Energy said Monday it had increased its working interest to 90% and assumed operatorship of the "world-scale " Yakaar-Teranga gas discoveries offshore Senegal. The increase in working interest follows BP’s exit from the field. According to Kosmos Energy, Yakaar-Teranga is one of the world’s largest gas discoveries in recent years... Continue Reading →
(Reuters) Portuguese oil company Galp Energia said on Monday that its adjusted third-quarter profit rose 12% on year as refining margins almost doubled, offsetting a decline in crude output following the sale of its Angolan fields and lower oil prices. It reported a net profit of 210 million euros ($221.84 million), less than the 241... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 02/08/2023 and 09/04/2023, informs of the start of the binding phase for the sale of its 18.8% stake in UEG Araucária S.A. (UEGA), together with its partners, Companhia Paranaense de Energia - COPEL and COPEL Geração e Transmissão S.A., which hold 20.3% and... Continue Reading →
(OW) Vindkraft Värmland and Njordr, the Nordic developer, have sold 100 per cent of the shares in the joint company, Njordr Offshore Wind (NOW), to Statkraft. NOW holds a pre-permit portfolio of nine offshore wind projects in the Swedish economic zone with a total potential for up to 21 GW of installed capacity. The portfolio... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) on Friday posted a $9.1 billion third-quarter profit, about a 54% drop from record earnings a year ago but up from the prior quarter as oil prices recovered. Earnings at the largest U.S. oil producer have benefited from higher crude oil prices compared to the previous quarter and demand for gasoline... Continue Reading →
Brazil Energy Insight 