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Maersk Drilling sold two oil drilling rigs to U.S.-based energy infrastructure company New Fortress Energy Inc (NFE) which it will convert into floating liquefied natural gas (LNG) facilities, the companies said on Monday.Maersk sold the jack-up drilling rig Maersk Guardian to NFE and the two companies have agreed to the sale of the Maersk Gallant offshore... Continue Reading →
(Valor) The president of 3R Petroleum, Ricardo Savini, confirmed that the company is in the final stage of negotiations with Petrobras to acquire the Papa-Terra field, in deep waters of the Campos Basin. "We remain cautious, but we are very confident that we are prepared, both 3R and Petrobras, to continue with this contract in... Continue Reading →
Russia's largest oil producer Rosneft on Friday reported first-quarter net income of 149 billion roubles ($2 billion), buoyed by a recovery in oil prices, after a $2.1 billion loss a year earlier. Earnings at the group, which is around one-fifth owned by BP, have been boosted by a 20% annual increase in oil prices, supported... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed with the Companhia de Eletricidade do Amapá (CEA), a legal agreement for the termination of litigation and credit recovery by Petrobras, recognized in the amount of R$ 314 million. The agreement establishes the payment to Petrobras of R$ 132.6 million unconditionally, to be settled in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Executive Board approved, on today's date, the execution of amendments to the Commitment Terms (TCCs) signed with the Administrative Council for Economic Defense (CADE), with the purpose of extending the deadline for Petrobras to continue with the negotiations for the effective conclusion of the negotiation processes and signing of... Continue Reading →
(Reuters) 3R Petroleum Oil and Gas reported that its board approved the formalization of a partnership with DBO under which the companies agree to jointly capitalize 3R Petroleum Offshore, new name of OP Energia, and to join efforts to seek acquisition opportunities. The company will seek, through the partnership, to expand its operations in offshore... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on December 11, 2020, informs that it signed with Petrom Produção de Petróleo & Gás Ltda. (Petrom) a contract for the sale of its entire 50% stake in the onshore field of Rabo Branco, located in the Sergipe-Alagoas Basin, in the State of Sergipe.... Continue Reading →
(epbr) Petrobras is in negotiations to dispose of its gas E&P activities in Bolivia and to close all activities in Argentina and Colombia. - In Bolivia, gas production comes mainly from the San Alberto and San Antonio fields, where Petrobras holds a 35% interest in service operation contracts. - According to a source, the state... Continue Reading →
Offshore drilling contractor Vantage Drilling believes that the shallow water activity is stabilizing and that the recovery in the deepwater market could begin later this year. The rig owner has also sold one of its stacked drillships for recycling. In its quarterly report on Thursday, Vantage revealed it had sold its 2012-built Titanium Explorer drillship and booked... Continue Reading →
(Reuters) Petrobras has reopened bidding for its Golfinho offshore oilfield cluster, two sources told Reuters this week, following a rise in crude prices over the last several months. Golfinho is one of dozens of legacy production assets that Petroleo Brasileiro SA, as the firm is formally known, is selling to reduce debt and sharpen its... Continue Reading →
Brazil Energy Insight 