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(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 →
(PE) Angolan NOC selects preferred bidders—with exclusive acquisition rights—to buy partial stakes in six blocks, four of which are already in production Angola’s Sonangol called last year for bids on portions of its equity shares in various blocks and has been evaluating the results since September. The NOC has now selected preferred bidders for its... Continue Reading →
(Reuters) - China's top offshore oil and gas producer CNOOC Ltd. (0883.HK) is preparing to exit its operations in Britain, Canada and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said. Ties between China and the West have long been strained by trade and human rights issues... Continue Reading →
(Reuters) - Stockholm-based Maha Energy AB (MAHAa.ST) remains interested in purchasing Petrobras' stake in the Tartaruga oil field in northeastern Brazil after the company's first attempt at buying the asset was unsuccessful, Victoria Berg, the company's investor relations officer, told Reuters in an e-mail on Tuesday. Petroleo Brasileiro SA (PETR4.SA), as the state-run oil company is formally known,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on August 07, 2020, informs that the process of selling the totality of its interest in the Tartaruga Field, located in shallow waters of the Sergipe-Alagoas Basin, State of Sergipe, was not concluded. The process was in the binding phase. Thus, reinforcing its commitment... Continue Reading →
(Reuters) - Holding company J&F Investimentos has prepared an offer to purchase a controlling stake in Brazilian petrochemical firm Braskem SA (BRKM5.SA), newspaper O Globo reported on Sunday. The newspaper, which did not say how it obtained its information, did not specify the stage of any potential negotiations, saying only that the offer "had been discussed,... Continue Reading →
