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(PN) Petrobras guarantees that the construction schedule for the Rota 3 gas pipeline is on track. The long-awaited project, which will significantly increase the quantity of natural gas in the market, should begin operations in the second half of 2024. The information was presented by the executive director of Engineering, Technology and Innovation at Petrobrás,... Continue Reading →
(Reuters) British trading firms BB Energy and JE Energy on Thursday won two contracts to market Guyana's share of crude production through deals that will pay the South American country premium fees of between 26 cents and 70 cents per barrel over market prices, the energy minister said. Guyana's light sweet crude grades, Liza and... Continue Reading →
(PN) After a wait of more than four months, Enauta was finally able to restart production at its main asset, the Atlanta field, in the Santos Basin. The resumption of operations in the area took place on the 5th of November. The field's production was halted in July, due to technical problems in the electrical... Continue Reading →
Petróleo Brasileiro S.A. –Petrobras, under the terms of CVM Resolution No. 44, of August 23, 2021, and in addition to the material fact disclosed on October 16, 2023, informs that the guidance for its own oil and gas production and its CAPEX have been revised. For total own oil and gas production, the figures went from... Continue Reading →
Main achievements: Solid recurring EBITDA of US$ 13.7 billion Gross debt under control at US$ 61 billion, even after the increase in leases with the start-up of FPSO Anita Garibaldi Consistency in cash generation: Operating Cash Flow of US$ 11.6 billion, the fourth highest ever Return to society with tax and dividends payments of R$... Continue Reading →
- PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of October. Key: (1) The figures refer to PRIO's 90% interest in Albacora Leste, assuming production throughout the month. As the acquisition’s closing happened on January 26, 2023, the field... Continue Reading →
(OE) Oilfield services players Halliburton and Oil States Industries have entered into a strategic collaboration that combines their technologies to provide deepwater managed pressure drilling (MPD) solutions. According to Halliburton, MPD provides operators with improved control when navigating narrow pressure windows compared to conventional drilling and the collaboration between Halliburton and Oil States will provide operators... Continue Reading →
The rise in energy security concerns has reinvigorated the zest for more hydrocarbons, thus, the global oil and gas industry is turning to floating production systems to develop new projects. Bearing this in mind, a new report predicts a further boost in demand, with projected orders reaching up to $173 billion for as many as... Continue Reading →
Oil and gas company Kosmos Energy said Monday it had increased its working interest to 90% and assumed operatorship of the "world-scale " Yakaar-Teranga gas discoveries offshore Senegal. The increase in working interest follows BP’s exit from the field. According to Kosmos Energy, Yakaar-Teranga is one of the world’s largest gas discoveries in recent years... Continue Reading →
ANP released the Monthly Oil and Natural Gas Production Bulletin for September 2023, which provides consolidated data on national production. This month, there was a record in total production (oil + natural gas), as well as in oil and natural gas considered separately and also in pre-salt production. A total of 4.666 million barrels of... Continue Reading →
Brazil Energy Insight 