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Norwegian energy group Equinor (EQNR.OL) said on Monday it will start the process of divesting from its joint ventures in Russia amid Moscow's invasion of Ukraine. Equinor is the second major European oil and gas producer, after energy major BP , to announce its exit from Russia as Western countries ramp up efforts to punish Russia with... Continue Reading →
(Reuters) - BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move yet by a Western company in response to Moscow's invasion of Ukraine. Rosneft accounts for around half of BP's oil and gas reserves... Continue Reading →
Solstad Offshore has reported a revenue of NOK 5.4 billion for the financial year 2021, an 8% increase compared to NOK 5 billion in 2020. Looking ahead, the Norwegian company revealed it fears that the current situation in Ukraine could impact its operations. The Norwegian company announced a full-year adjusted EBITDA increase of 20% to... Continue Reading →
(OE) Nigerian oil company Seplat has agreed to buy ExxonMobil's shallow water assets in Nigeria via the acquisition of the U.S. oil company's Nigerian subsidiary Mobil Producing Nigeria Unlimited ("MPNU"), in what Seplat said was a transformational acquisition for the company. Seplat will pay $1,28 billion for the acquisition. “The transaction encompasses the acquisition of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/22/2022, informs that it has signed today with the company Seacrest Petróleo SPE Norte Capixaba Ltda., a wholly owned subsidiary of Seacrest Exploração e Produção de Petróleo Ltda., a contract for the sale of its total interest (100%) in a set of 4... Continue Reading →
In 4Q21, Petrobras posted solid operational and financial results. According to Petrobras’ CEO, Joaquim Silva e Luna, “Petrobras generated consistent results in 4Q21, demonstrating that a healthy company committed to society is capable of growing, investing, generating jobs, paying taxes and returning money to its shareholders, effectively contributing to the country’s development. None of this... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 01/15/2021, informs that the Company's Board of Directors, at a meeting held today, approved the sale of its total interest (100%) in a set of 4 concessions of onshore production fields, with integrated facilities, located in the state of Espírito Santo - ES,... Continue Reading →
(Reuters) Chevron is looking to sell its stakes in three oil and gas fields in Equatorial Guinea, hoping a recent rally in energy prices will help attract buyers, three industry sources told Reuters. The U.S. company acquired the assets in the West African country as part of the $13 billion acquisition of Noble Energy in... Continue Reading →
(Reuters) - Italy's Eni became the latest energy group to benefit from the oil and gas boom as it posted its best result since 2012 to provide cash to cover returns to investors and also fund its green drive. The group swung to an adjusted net profit of 4.74 billion euros ($5.4 billion) last year... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, comes to clarify the veracity of the article entitled “3R Petroleum devolve bloco na Bacia Potiguar” published on this date by a private platform for capital market investors (“News”). Regarding the News, the Company... Continue Reading →
Brazil Energy Insight 