Brought to you by Quest Offshore & Southern Cone Consultants
The General Superintendence of the Administrative Council for Economic Defense (Cade) approved the acquisition, by BW Energy Maromba do Brasil, of the entire interest in the Golfinho and Canapu fields, 65% of interest in block BM-ES-23 and 100 % interest in the Camarupim and Camarupim Norte fields (Cluster Camarupim), all currently held by Petrobras. The... Continue Reading →
- Once again we delivered solid quarterly results. According to our CFO, Rodrigo Araujo Alves, “Second quarter results show the resilience and strength of the Company, which is able to generate sustainable results, following its trajectory of value creation. In line with our commitment to distribute our results, we approved a shareholder remuneration of R$... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 11/05/2021 and 01/25/2022, and regarding the news published in the media about the divestment process of Albacora, in the Campos Basin, clarifies that Albacora is part of the portfolio of assets for sale by the company, as disclosed in the Strategic Plan 2022-2026.... Continue Reading →
In 2Q22, we delivered an operating performance fully in line with the Company's plans. Average production of oil, NGL and natural gas reached 2.65 MMboed, 5.1% below 1Q22. This result was mainly due to the beginning of the Production Sharing Contract for the Surplus Volumes of the Transfer of Rights of Atapu and Sepia, effective... Continue Reading →
(Reuters) - Shell (SHEL.L) is exploring a sale of its stakes in two U.S. Gulf of Mexico oil and gas developments which could raise as much as $1.5 billion for the energy major, people familiar with the matter said on Wednesday. Potential divestments of some aging assets would allow the company to focus on newer and larger... Continue Reading →
Oil and gas company Afentra plc, led by former Tullow CEO Paul McDade, has agreed to buy interests in two shallow-water offshore blocks in Angola from the Croatian oil company INA - Industrija Nafte. To remind, Afentra in April agreed to buy a 20% non-operated interest in Block 3/05, and 40% non-operating interest and Block 23,... Continue Reading →
(WO) Hedge funds and other investors looking to cash in on Brazil’s surging oil and gas output are turning to a new breed of drillers as an alternative to turmoil-wracked Petroleo Brasileiro SA, the state-owned producer that’s had four CEOs since early 2019. Gerval Investimentos, the family office for the controlling shareholders of steelmaker Gerdau... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/27/2022, informs that it has extended the deadlines for participation in the sale processes of Refinaria Abreu e Lima (RNEST), in Pernambuco, Refinaria Presidente Getúlio Vargas (REPAR), in Paraná, and Refinaria Alberto Pasqualini (REFAP), in Rio Grande do Sul, as well as the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/03/2022, informs the beginning of the non-binding phase for the sale of its entire 18.80% stake in the company UEG Araucária S.A. (UEGA), located in the state of Paraná. Potential buyers qualified for this phase will receive a process letter containing detailed information... Continue Reading →
(Reuters) - Major international players have dropped out of the bidding process for a Brazilian power distributor owned by Enel SpA (ENEI.MI), leaving two local firms competing head-to-head for the asset, three sources with knowledge of the matter said. Equatorial Energia (EQTL3.SA) and Energisa SA (ENGI11.SA) were the only companies still interested in Celg-D, which distributes power to the center-west... Continue Reading →
Brazil Energy Insight 