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(OE) Norwegian company ABL and Aberdeen-based health and safety consultancy Integrity HSE have formed strategic partnership to reinforce their rig inspection services. ABL’s rig inspection service offering will be enhanced with Integrity HSE’s tailored onshore and offshore inspection and rig intake solutions. The services will add value to a wide range of drilling and production... Continue Reading →
January 10, 2024 – Petróleo Brasileiro S.A. – Petrobras, in continuity with the announcement made on December 26, 2023, informs that it received, on today's date, from Carmo Energy, the last installment in the amount of US$ 298 million, already considering the adjustments and late payment charges due, related to the sale of the Carmópolis... Continue Reading →
(Reuters) - Exxon Mobil's write-down of about $2.5 billion of troubled California properties aims to end five decades of offshore oil production in the state, but a full exit from those assets could take some time. Sable Offshore, a company created in 2020, agreed more than a year ago to pay $643 million for Exxon's... Continue Reading →
(OGJ) State-owned Petroecuador reached a new production peak last week of 404,290 b/d, or 413,241 boe/d when natural gas is included. The company ascribed the results to improvements in efficiency. One of the factors supporting the increase is production from Sacha field, Block 60, in Orellana province, which reached 77,802 b/d. In 2024, Petroecuador plans... Continue Reading →
(WO) – NG Energy International Corp., along with its partners Olympo and Duemav in the Maria Conchita Block and with Clean Energy and Oleum in the SN9 Block, increased reserves at both Maria Conchita and Sinu-9 as part of an updated independent analysis by Sproule International Limited. The updated reserves and resources incorporate the recently... Continue Reading →
(Z) Petrobras, Brazil's national oil company, encountered a significant roadblock in the ongoing sale of onshore Carmópolis to Carmo Energy. The sale of Petrobras' onshore assets was likely driven by strategic business decisions. This divestiture aligns with the company’s broader strategy, which may involve focusing on core activities, reducing debt or generating funds for new... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the material fact disclosed on December 20, 2022, informs of the non-compliance with the contractual payment obligation of Carmo Energy and its parent company COBRA INSTALACIONES Y SERVICIOS, S.A., as guarantor, related to the sale of all of its stakes in the set of 11 onshore oil... Continue Reading →
(OGJ) Argentina’s Tecpetrol plans to produce 100,000 b/d of crude oil through Vaca Muerta projects Puesto Parada and Los Toldos II, said Ricardo Markous, chief executive officer. The company—which revolutionized the gas market in Argentina with the Fortín de Piedra field in Vaca Muerta where it has invested about $3.5 billion and produces a peak... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in accordance with CVM Resolution No. 44, informs its investors and the market in general that the resumption of the Clara Camarão Refinery activities is underway, with full return scheduled for December 2023, after a programmed maintenance stoppage. The Company highlights that maintenance activities... Continue Reading →
(Reuters) Occidental Petroleum said on Monday it would buy energy producer CrownRock in a cash-and-stock deal valued at $12 billion including debt, expanding in the lucrative Permian basin. Investors are pressing oil and gas producers to expand their inventories following Exxon Mobil's $60 billion deal for Pioneer Natural Resources and Chevron's $53 billion agreement for Hess in October. Occidental will finance the purchase of... Continue Reading →
Brazil Energy Insight 