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Navitas Petroleum has agreed to farm into the Sea Lion oil field development project offshore the Falkland Islands. Back January 2020, Premier Oil as the Sea Lion operator, and Rockhopper, as the partner in the project, signed non-binding heads of terms with Navitas Petroleum, with a goal of Navitas eventually obtaining a 30% interest in... Continue Reading →
(Reuters) Oilfield services firm Halliburton posted an 85% rise in first-quarter adjusted profit on Tuesday as a rally in crude prices boosted demand for its services and equipment. Crude futures climbed to their highest level in more than a decade during the quarter after a slew of Western sanctions against Russia disrupted oil sales from... Continue Reading →
(Reuters) - Global energy trader Gunvor Group reported a net profit of $726 million for 2021, the highest since 2015, buoyed by its natural gas and liquefied natural gas (LNG) divisions, the company said on Tuesday. The profit was the highest since 2015 when net profit was boosted by the sale of most of its... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 04/13/2022, informs that, contractually, TotalEnergies EP Brasil Ltda. - TotalEnergies may make the updated payment for its 22.5% share in the compensation for Atapu until 04/28/2022. The Atapu block was acquired by the consortium composed by Petrobras (52.5%), Shell Brasil Petróleo Ltda. -... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in addition to the announcement made on April 12, 2022, announces that it has today completed the global bond repurchase offer made by its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF). The following tables set forth the aggregate principal amount of Notes validly tendered and accepted for purchase in the... Continue Reading →
(Reuters) - The Brazilian currency's monster rally may soon run out of gas, analysts and government officials say, as U.S. interest rate hikes and risks to the Chinese economy threaten the fundamentals of the world's best-performing major currency. Brazil's real has gained over 18% against the U.S. dollar so far this year, more than twice... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it received today, at sight, the amount of R$ 5.26 billion from Shell Brasil Petróleo Ltda. - Shell, referring to its share of 25% in the compensation for Atapu, a block acquired by the consortium composed by Petrobras (52.5%), Shell (25%) and Total Energies EP Brasil Ltda. -... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on release disclosed on February 23, 2022, informs that, in a meeting held today, the Annual General Meeting (AGM) approved the remuneration to shareholders relative to the Fiscal Year 2021 in the amount of R$ 7.773202 per outstanding share (common or preferred). This amount includes the prepayments already... Continue Reading →
(Valor) Dommo Energia, a business resulting from the restructuring of OGX, started a sales process that has already attracted at least five interested parties. The process is at the beginning, but there are already signed NDAs. The oil company mandated Santander to carry out the M&A. According to a source, one of those interested in... Continue Reading →
(Reuters) - Dealmaking in the U.S. oil and gas industry surged fourfold in value in the first quarter, even as Russia's invasion of Ukraine poured cold water on M&A activity in March, according to consultancy Enverus. Oil producers struck deals worth $14 billion in the first three months, compared with $3.4 billion last year. Of... Continue Reading →
