Brought to you by Quest Offshore & Southern Cone Consultants
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best corporate governance practices and in addition to the Material Fact of November 5, 2020, informs its shareholders and the market in general that it formally notified Gas Bridge S.A. (“Gas Bridge”) of the SPA termination, which aimed to sell the 10% interest in the Manati... Continue Reading →
(PN) Acelen, the investment arm of Mubadala Capital, announced that it will invest BRL 500 million in the Mataripe Refinery (formerly RLAM), in Bahia. The funds will be applied to the plant's scheduled maintenance shutdown cycle over the next 12 months. The company's expectation is that up to 4,000 jobs will be generated at the... Continue Reading →
Navitas Petroleum has agreed to farm into the Sea Lion oil field development project offshore the Falkland Islands. Back January 2020, Premier Oil as the Sea Lion operator, and Rockhopper, as the partner in the project, signed non-binding heads of terms with Navitas Petroleum, with a goal of Navitas eventually obtaining a 30% interest in... Continue Reading →
(Reuters) - Global energy trader Gunvor Group reported a net profit of $726 million for 2021, the highest since 2015, buoyed by its natural gas and liquefied natural gas (LNG) divisions, the company said on Tuesday. The profit was the highest since 2015 when net profit was boosted by the sale of most of its... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 04/13/2022, informs that, contractually, TotalEnergies EP Brasil Ltda. - TotalEnergies may make the updated payment for its 22.5% share in the compensation for Atapu until 04/28/2022. The Atapu block was acquired by the consortium composed by Petrobras (52.5%), Shell Brasil Petróleo Ltda. -... Continue Reading →
(WO) Petro-Victory Energy Corp. secured 19 new oil and gas blocks in the company's core operating area, the Potiguar Basin onshore Brazil, the company announced. This acquisition cements Petro-Victory's status as one of the largest landholders in the highly petroliferous basin. Petro-Victory secured the blocks by participating in the Agencia Nacional do Petroleo Gas Natural e... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/16/22, informs that today it started the binding phase regarding the sale of the entire 20% stake held by its subsidiary Petrobras America Inc. (PAI) in the company MP Gulf of Mexico, LLC. (MPGoM), located in Texas, USA, which owns offshore fields in... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), pursuant to CVM Resolution No. 44, informs its shareholders, investors and the market in general that it participated in the 3rd Cycle of the Permanent Offer of the National Petroleum, Natural Gas and Biofuels Agency (“ANP”), on this date, and acquired the concession right... Continue Reading →
(Valor) Dommo Energia, a business resulting from the restructuring of OGX, started a sales process that has already attracted at least five interested parties. The process is at the beginning, but there are already signed NDAs. The oil company mandated Santander to carry out the M&A. According to a source, one of those interested in... Continue Reading →
(Reuters) - Dealmaking in the U.S. oil and gas industry surged fourfold in value in the first quarter, even as Russia's invasion of Ukraine poured cold water on M&A activity in March, according to consultancy Enverus. Oil producers struck deals worth $14 billion in the first three months, compared with $3.4 billion last year. Of... Continue Reading →
Brazil Energy Insight 