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(Bloomberg) – ExxonMobil Corp., which once planned to bet big on Argentina’s oil and gas riches, has put all of its shale assets in the country under review. Exxon is involved in six areas of Argentina’s heralded Vaca Muerta — Spanish for Dead Cow — formation in Patagonia. The company’s plans to ramp up development... Continue Reading →
Petrobras achieved a new presalt production from its fields offshore Brazil of 2.06 MMboe/d during second-quarter 2023, representing 78% of the company’s total output. The previous high of 2.05 MMboe/d was registered in the first quarter. However, the company’s production in the Brazilian post-salt was 9.7% lower than for the previous quarter, at 346,000 bbl/d,... Continue Reading →
(Reuters) - Chevron Corp's (CVX.N) second-quarter earnings topped Wall Street estimates, the company said on Sunday, and Chief Executive Michael Wirth also signaled the number two U.S. oil company remains open to more acquisitions and to increasing shareholder distributions this year. In a rare preview of its results that coincided with the announced retirement of its finance... Continue Reading →
(Reuters) The Big three oilfield services (OFS) companies will likely report higher profits for the second quarter as resurgent demand in international markets and strong offshore drilling helped counter tepid activity in North America. Baker Hughes, Halliburton, and SLB are set to post a combined second-quarter adjusted profit of $2.04 billion, according to Refinitiv data,... Continue Reading →
(ON) Brazil was able to cop a total of US$12.882 billion in signing bonuses from 15 block awards in its pre-salt area since the state-owned Petrobras made the first discovery back in 2006. This is according to the recent Economic Commission for Latin America and the Caribbean (ECLAC) report. The pre-salt is a sequence of... Continue Reading →
(Reuters) Danish green investment company Copenhagen Infrastructure Partners (CIP) has raised 5.6 billion euros ($6.13 billion) for its latest fund and expects to meet its full 12 bln euro target amid undiminished global investor appetite, it said on Monday. The investors necessary to meet the overall target for its fifth flagship fund - Copenhagen Infrastructure... Continue Reading →
Oil and gas companies are set to spend $58 billion on well intervention – a way to extract additional resources from an existing well instead of drilling a new one – in 2023, the Norwegian energy intelligence group Rystad Energy said. Rystad Energy said its modeling showed this is just the start of a surge... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), following best practices in corporate governance, informs its investors and the market in general the preliminary unaudited production data for June 2023. (1) It does not consider gas production at Areia Branca, Fazenda Belém and Papa Terra Clusters, as those volumes are consumed in... Continue Reading →
(TN) Pre-salt production in May was 3.196 million barrels of oil equivalent per day (boe/d) and corresponded to 77.8% of Brazilian production. 2.510 million barrels per day (bbl/d) of oil and 109.16 million cubic meters per day (m³/d) of natural gas were produced through 144 wells. There was an increase of 5.9% in relation to... Continue Reading →
This week has been marked by much activity in the oil and gas exploration segment in Brazil. This time, the news comes from Shell Brasil, which has started drilling a new exploratory well in block C-M-659, in the Campos Basin. The well was called internally by the oil company Suçuarana-1 and is in a water... Continue Reading →
