(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) The Company raised R$ 1.1 billion on the stock exchange with a share price of R$ 14.75. The value was defined below the initial indicative price range, from R$ 15.50 to R$ 19.50. Negotiations at B3 begin on Wednesday (5). - The objective is the acquisition of upstream mature assets. About 66% of the... Continue Reading →
(ANP) Published today the Monthly Bulletin of the Production of Oil and Natural Gas of the ANP of the month of March 2021, with consolidated data of the national production in the period. For the first time, production in the Santos Basin surpassed 70% of national production, registering its largest relative share in the historical... Continue Reading →
(MegaWhat) One of the main participants in the divestment program of Petrobras, in number of closed deals, the Brazilian 3R Petroleum sees no risk of discontinuity of the plan for the sale of assets of the state company of onshore fields, with the new management. For the company, which won six bids and still participates... Continue Reading →
The Special Bidding Commission of the National Petroleum Agency (ANP) approved this week the enrollment of three new companies in the Permanent Offer: Giongo Oil and Gas, Nobel Energy and Petropotiguar Petróleo e Gás. There are 65 companies authorized to participate in this bidding process modality . Approved companies may declare interest in one or... Continue Reading →
PetroReconcavo defined the price range in its initial public offering (IPO) between R$ 15.50 to R$ 19.50 per share. Considering the base offer of 70 million shares and the middle range, R$ 17.50, the transaction may raise R$ 1.225 billion. The offer is totally primary, that is, the funds go to the company's cash. There... Continue Reading →
(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil, and Argentina, today announced its operational update for the three-month period ended March 31, 2021 (“1Q2021”). All figures are expressed in US Dollars. Growth... Continue Reading →
(Bloomberg) --Argentina’s government is pushing for long-term oil price controls as the South American nation runs out of time to unearth a shale trove in Patagonia. The idea of setting a ceiling and floor on domestic crude prices is being written into draft legislation aimed at spurring oil-and-gas investments, Production Minister Matias Kulfas said in... Continue Reading →
The production of Polo Macau, operated by 3R Petroleum in the Potiguar basin (RN), rose 5.3% in March, to 4,866 barrels of oil per day, according to preliminary and unaudited information from the oil company. The average production of natural gas, however, fell slightly, from 910 million cubic meters per day to 902 million m³... Continue Reading →
