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(Reuters) - Brazilian oil firm Enauta (ENAT3.SA) has cut investment in the Santos basin's Atlanta field, as it decides whether to involve new partners in the asset, the company's president, Décio Oddone, told Reuters. After a review of the project's concept, based on lessons learned, the company estimates investments of between $500 million to $600 million, compared... Continue Reading →
(OE) Dutch FPSO leasing company SBM Offshore has agreed to sell down a 45% stake in the FPSO Almirante Tamandaré, one of the world's largest FPSOs, being built for Brazil's Petrobras. "SBM Offshore is pleased to announce that it has entered into a shareholder agreement with its long standing business partners Mitsubishi Corporation (MC) and... Continue Reading →
FPSO operator BW Offshore has decided to sell one of its FPSO vessels as part of its strategy to transition to floating energy infrastructure investments. BW Offshore has signed an agreement for the sale of the FPSO BW Joko Tole to PT Bahari Inti Tanker and PT Cahaya Haluan Pasifik, both of which are Indonesian companies, in... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, regarding the pieces of news in the media about the divestment project of the Potiguar Cluster, which includes a set of 22 concessions of onshore and shallow waters production fields, including the Clara Camarão refinery, in the state of Rio Grande do Norte, clarifies that, as informed in a press... Continue Reading →
(OE) Oil and gas firm Eco Atlantic has increased its stake in JHI Associates by acquiring additional 800,000 common shares in JHI in return for 1,200,000 new common shares in Eco. "The purchase of the 800,000 common shares in JHI is expected to be completed on 21st January 2022, increasing the total number of shares... Continue Reading →
TotalEnergies and Inpex have agreed to sell their Angola Block 14 B.V. subsidiary to the Angolan Company Somoil for an undisclosed price. Angola Block 14 B.V., owned by TotalEnergies Holdings International B.V. (50.01%) and Inpex Angola Block 14 Ltd (49.99%) holds a 20% interest in block 14 in Angola and a 10% interest in block... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on December 16, 2021, informs its shareholders and the market in general that it has applied to register with the Brazilian Securities and Exchange Commission ("CVM"), on 01/14/2022, the request for registration of a public offering for secondary distribution of class "A" preferred shares... Continue Reading →
Rio de Janeiro, January 14, 2022 - Petróleo Brasileiro S.A. – Petrobras confirms the achievement of its production targets for the year 2021, with the following results: The highlights of 2021 were: • the start of production from FPSO Carioca, the first platform in the Sépia field, in the Santos Basin pre-salt;• own... Continue Reading →
(Reuters) - Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday. Royal Dutch Shell (RDSa.L) had agreed in May to sell its majority stake in the Deer Park refinery, which can process up to 340,000 barrels... Continue Reading →
(epbr) The Administrative Council for Economic Defense (Cade) approved, without restrictions the acquisition of the Carmópolis Cluster, sold by Petrobras to Carmo Energy. The regulatory agency understood that there is no harm to the competitive environment in the oil and gas sector. Carmo Energy, an affiliate of the Spanish group Cobra, will take over the... Continue Reading →
Brazil Energy Insight 