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(TN) Elysian Brasil Exploração e Produção de Petróleo e Gás Natural Ltda., ("Elysian Petroleum"), announces that, on January 17, 2024, it was duly qualified by the National Agency for Petroleum, Natural Gas and Biofuels ("ANP") as Operator "C" (onshore), in accordance with the Tender Notice for the 4th Cycle of the Permanent Offer This means... Continue Reading →
(BJ) A relevant shareholder of 3R Petroleum is proposing a carveout of the company's onshore oil fields and the incorporation of these assets by PetroReconcavo, in a transaction that shows the struggle of junior oils for scale, sources familiar with the matter told Brazil Journal. The rationale for the transaction is already known to the... Continue Reading →
(WO) – Molecular Energies confirmed that the Tapir x-1 exploration well at the Pirity Concession in the Chaco, Paraguay, has been spudded. Target depth is approximately 3,800 m with an estimated drilling time of 45 days. The prospect and the adjacent complex of prospects being drilled are covered by good quality 3D seismic data from... Continue Reading →
(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 →
