In recent weeks, rumors have grown that the state-owned company has suspended negotiations for the sale of Albacora In the presentation of the 2Q22 results to market analysts, PetroRio highlighted the importance of Campo Albacora, still under negotiation - called Albacora Oeste by the company to differentiate it from Albacora Leste, this the last one... Continue Reading →
3R Petroleun announces closing the acquisition of the Fazenda Belem Cluster
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3:RRRP3) informs its investors and the market in general that on August 5, 2022, the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) approved the transfer of concession contracts for two onshore production fields that form the Fazenda Belém Cluster, owned by Petróleo Brasileiro S.A.... Continue Reading →
Brazil’s Lula advised to buy back Petrobras refineries, study author says
(Reuters) - An oil and gas industry study commissioned by the campaign of former President Luiz Inacio Lula da Silva for the October elections will recommend bolstering Petrobras' refining capacity, including through the reversal of refinery privatizations, one of the study's authors told Reuters. The study also proposes new investments and the resumption of refinery... Continue Reading →
Petrobras concludes the sale of E&P assets in Espírito Santo – Peroa Cluster
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 01/29/2021, informs that yesterday it has finalized the sale of all its stakes in the producing fields of Peroá and Cangoá, and in the BM-ES-21 concession (Malombe Discovery Evaluation Plan) jointly called Peroá Cluster, located in the Espírito Santo Basin to the company... Continue Reading →
Brazil’s 3R Petroleum subsidiary agrees on $500 mln loan to pay for Potiguar oil field
3R PETROLEUM ÓLEO E GÁS S.A. (“Company”), informs its shareholders, investors and the market in general that, on this date, its wholly-owned subsidiary 3R Lux, a private limited liability company (société à responsabilité limitée) formed under the laws of Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies (Registre de commerce... Continue Reading →
Cade approves sale of Petrobras assets in oil and natural gas fields to BW Energy
The General Superintendence of the Administrative Council for Economic Defense (Cade) approved the acquisition, by BW Energy Maromba do Brasil, of the entire interest in the Golfinho and Canapu fields, 65% of interest in block BM-ES-23 and 100 % interest in the Camarupim and Camarupim Norte fields (Cluster Camarupim), all currently held by Petrobras. The... Continue Reading →
Petrobras Financial Performance in 2Q22
- Once again we delivered solid quarterly results. According to our CFO, Rodrigo Araujo Alves, “Second quarter results show the resilience and strength of the Company, which is able to generate sustainable results, following its trajectory of value creation. In line with our commitment to distribute our results, we approved a shareholder remuneration of R$... Continue Reading →
Petrobras on the Albacora divestment process
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 →
Petrobras: Highlights on production and sales in 2Q22
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 →
EXCLUSIVE Shell places U.S. Gulf of Mexico assets up for sale -sources
(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 →