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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 05/28/2021, informs that its wholly-owned subsidiary Petrobras Bolivia S.A. (PEB) was notified today of a decision by the Agro-environmental Court of the city of Sucre that annulled a first instance sentence that required PEB to pay US$ 61 million, plus interest and costs,... Continue Reading →
Offshore drilling contractor Borr Drilling has made changes to the structure of its joint ventures in Mexico by exiting the integrated services JVs and becoming a majority owner in the drilling services JVs, which will continue to earn day rates, providing the company with sufficient liquidity. Borr Drilling has five rigs working for joint ventures... Continue Reading →
(Reuters) Spanish oil and gas firm Repsol (REP.MC) has hired banks to present a new transition financing framework to investors that will allow the company to issue sustainability-linked bonds, according to a lead manager on Monday. HSBC and Natixis have been appointed to help the Spanish firm present the new framework to investors from June 21-23, the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced the final results and settlement of the previously announced cash tender offers by its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), with respect to any and all of PGF’s outstanding notes of the series set forth in the table below (the “Notes” and such offers, the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed today with Pré-sal Petróleo S.A. (PPSA) and its partners CNODC Brasil Petróleo e Gás Ltda. (CNODC) and CNOOC Petroleum Brasil Ltda. (CNOOC) the Búzios Coparticipation Agreement, which will regulate the coexistence of the Transfer of Rights Agreement and the Production Sharing Contract for the Suplus of the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that today it concluded the offering of its 5.500% Global Notes due June 2051 (the “Notes”) in the international capital market in the amount of US$ 1.5 billion through its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The pricing of the Notes occurred on June 2, 2021, as disclosed... Continue Reading →
The National Petroleum Agency (ANP) approved this afternoon today (10) the integrated development plan for the Neon and Goiá fields, in the Santos Basin. The two areas are operated by the Australian Karoon, who preferred to propose a joint development plan, as the fields' production unit will be shared. The firm investments proposed for the... Continue Reading →
Oil and gas company Tullow Oil has completed the sale of its Dussafu Marin permit asset in Gabon to Oslo-listed Panoro Energy. Tullow Oil said on Wednesday that it had already received a payment of $39 million for the Dussafu asset earlier in the day as well as a $5 million contingent consideration relating to... Continue Reading →
Offshore drilling contractor Transocean has agreed with Sembcorp Marine’s subsidiary, Jurong Shipyard Pte Ltd (JSPL), on the delayed delivery of two ultra-deepwater drillships. Transocean said on Monday that the agreement was made with the shipyard for the Deepwater Atlas and Deepwater Titan drillships. These two drillships were ordered by Transocean back in 2014 for a... Continue Reading →
(Reuters) Ecuador's state oil company, Petroecuador, has declared force majeure at one of its fields in the Amazonian province of Orellana due to a prolonged protest by an indigenous community over compensation to nearby residents. In a statement published late on Thursday, Petroecuador said the force majeure declaration at the Eden Yuturi field in its... Continue Reading →
Brazil Energy Insight 