Australian oil and gas company Karoon Energy has this week named Ray Church as Executive Vice President and Chief Financial Officer. Church will start with Karoon on September 27. 2021. Current Chief Financial Officer, Scott Hosking, will oversee the preparation of Karoon’sfinancial statements for the year ended June 30, 2021, and will step down from... Continue Reading →
Petrobras clarifies about pieces of news in the media
Petróleo Brasileiro S.A. – Petrobras, regarding the piece of news published in the media, clarifies that its stake in Braskem is part of the assets included in its portfolio management, as disclosed in the Strategic Plan 2021-2025. As disclosed on August 9, 2021, Petrobras has hired JP Morgan for financial advisory services for the eventual... Continue Reading →
Australia’s Woodside snares BHP oil, gas business in $28 bln merger
(Reuters) - BHP Group (BHP.AX) has agreed to sell its petroleum business to Woodside Petroleum in a merger to create a top 10 independent oil and gas producer worth A$38.5 billion ($28 billion) with growth assets in Australia and the Americas. BHP's exit from petroleum, which made up just 5% of its annual earnings, speeds up its... Continue Reading →
Woodside Confirms Talks to Buy BHP’s Oil and Gas Business
Australian oil company Woodside confirmed Monday it has been in talks with BHP over the potential acquisition of BHP's oil and gas business. "Woodside notes recent speculation regarding a potential transaction between Woodside and BHP Petroleum. Woodside continuously reviews the composition of its asset portfolio and opportunities to create and deliver value for shareholders. Woodside... Continue Reading →
CBO ACQUIRES FINARGE APOIO MARITIMO AND EXPANDS FLEET TO FORTY VESSELS
(PetroNoticias) CBO Group, a Brazilan maritime support company, today signed an Investment Agreement for the acquisition of the Brazilian company Finarge Apoio Marítimo, owner of a Brazilian-flagged AHTS (Anchor Handling Tug Supply) vessel; and four foreign-flagged AHTS vessels belonging to Finarge Armamento Genovese SRL, totaling the purchase of five vessels. The closing of the transaction,... Continue Reading →
Risks on the divestments of Petrobras downstream assets
The risk of interference in fuel prices is a factor that has delayed the sale of Petrobras refineries, says Fernando Borges, executive director of Exploration and Production at the company, in an interview with epbr. -- The executive argues that it is necessary to preserve the competitiveness of the oil and gas industry, which includes... Continue Reading →
PTTEP announces sale of Partex Brasil Ltda. and Partex Brasil Operacoes Petrolifera Ltda. to Ubuntu Engenharia
The divestment of Partex Brasil Ltda. and Partex Brasil Operações Petrolíferas Ltda. PTT Exploration and Production Public Company Limited, or PTTEP, wishes to announce that, on 30th July 2021, Participations and Explorations Corporation and Partex (Brazil) Corporation, subsidiaries of PTTEP, entered into a Sale and Purchase Agreement (SPA) to sell Partex Brasil Ltda. and Partex Brasil... Continue Reading →
Petrobras on E&P assets in the Potiguar Basin
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on July 9, 2021, informs the beginning of the binding phase regarding the sale, together with Sonangol Hidrocarbonetos Brasil Ltda. (Sonangol), of all stakes of both companies in the onshore exploratory block POT-T-794, belonging to the BT-POT-55A concession, located in the Potiguar Basin, in... Continue Reading →
Talos Leaves Consortium Bidding on Petrobras’ Albacora Offshore Fields
Talos Energy Inc has withdrawn from a consortium with EIG Global Energy Partners, Enauta Participacoes SA and 3R Petroleum Oleo e Gas SA, and the group has submitted a binding offer to Petrobras for the Albacora and Albacora Leste oilfields in Brazil, five sources with knowledge of the matter said on Monday. Another consortium composed... Continue Reading →
Brazil audit court sees fuel shortages with Petrobras divestment
(Reuters) - Brazil's Federal Audit Court (TCU) says there is a risk of fuel shortages in regional markets as a result of the sales of assets by state-controlled oil company Petroleo Brasileiro SA (PETR4.SA), according to a statement on the court's website. The TCU said it found a risk of shortages in an audit of the... Continue Reading →
Brazil Energy Insight 