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Following reports that a consortium between Brazil’s PetroRio and Vinci’s subsidiary Cobra has been chosen as the top bidder for Petrobras’ Albacora offshore oilfield, PetroRio is awaiting notification from Petrobras about the process while Petrobras has said there is still no decision about the winning proposal. Citing people with knowledge of the matter, Reuters reported on Thursday... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news in the media about the divestment project of the Albacora and Albacora Leste fields, in the Campos Basin, informs that there is still no decision about the winning proposal for either asset. The company continues to analyze the offers according to the evaluation criteria of... Continue Reading →
Brazil state oil giant Petrobras has chosen a consortium of PetroRio SA and Cobra, a subsidiary of France's Vinci SA, as the top bidder for its Albacora offshore oilfield, four people with knowledge of the matter said. The PetroRio-Cobra bid topped a competing offer placed by a consortium composed of private equity firm EIG Global... Continue Reading →
3R Petroleum recorded an average production of 6,752 barrels of oil equivalent (boe) per day in 3Q 2021, compared to 5,635 boe/d recorded in the previous quarter. -- Most of the increase in production took place with the start of production of the Rio Ventura cluster, in Bahia, acquired from Petrobras in 2020. -- Production... Continue Reading →
Over the weekend, Petrobras resumed production from the Manati field, off the coast of the state of Bahia, after completing the repair of the pipeline located between the compression station and the field's gas treatment station. As the market is aware, a small gas leak in the onshore part of this pipeline caused the shutdown... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/29/2021, informs that the partner CNODC Brasil Petróleo e Gás Ltda. (CNODC) has not expressed interest in exercising the option to purchase an additional share of 5% in the Production Sharing Contract of the Transfer of Rights Surplus, for the Búzios field, in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), 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 the Gulf of Mexico. The teaser,... Continue Reading →
France-based geophysical services company CGG has completed the sale of its GeoSoftware business to Topicus and Vela Software. The company has closed the sale for a total cash consideration of $95 million with the transaction effective from 1 October 2021. To remind, CGG entered into an agreement with Topicus and Vela Software for the sale of the... Continue Reading →
(Reuters) - The first stock offering for the divestment of stakes by shareholders in Braskem should take place in the fourth quarter and could reach 9 billion reais, according to three people with knowledge of the matter. Novonor (formerly Odebrecht), creditor banks and Petrobras are discussing a plan to sell the company in several equity... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 01/19/2021, informs that it has finalized without success the negotiations with Ultrapar Participações S.A. (Ultrapar) for the sale of Alberto Pasqualini Refinery (REFAP), in Rio Grande do Sul. Despite the efforts made by both companies in this process, certain critical conditions were not... Continue Reading →
Brazil Energy Insight 