European wind developers play down Siemens Gamesa turbine troubles

(Reuters) - Major wind power developers including Iberdrola (IBE.MC), RWE (RWEG.DE) and Orsted (ORSTED.CO) played down the impact of potential problems with Siemens Gamesa onshore wind turbines. Siemens Gamesa parent Siemens Energy (ENR1n.DE) last week said problems with its more recent onshore platforms could affect up to 15-30% of its installed turbines worldwide, triggering a 37% fall in its share price. It warned... Continue Reading →

June 28, 2023 0

3R Petroleun May ’23 production data

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 May 2023. (1) It does not consider gas production at the Areia Branca, Fazenda Belém and Papa Terra Clusters, as it is consumed in... Continue Reading →

June 14, 2023 0

Argentina says Chevron to invest $500 million in Vaca Muerta shale area

(Reuters) - U.S.-based oil major Chevron (CVX.N) will invest more than $500 million to develop the Trapial block in western Neuquen province, home to the massive Vaca Muerta shale basin, Argentina's economy ministry announced on Friday. The announcement followed a meeting between Economy Minister Sergio Massa and company officials, according to a ministry statement. The new spending... Continue Reading →

June 11, 2023 0

Russia’s Novatek Offered Argentina Know-how to Liquefy Gas from Vaca Muerta

(Reuters) Russia's largest producer of liquefied natural gas (LNG) Novatek last year offered technology to build a plant to produce the gas from Argentina's Vaca Muerta field, a highly-placed source familiar with the proposal said, though the talks have since broken off. The source said that Novatek proposed to help implement Argentina's plans to build... Continue Reading →

June 9, 2023 0

3R Petroleum on closing of the Potiguar Cluster acquisition

3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in addition to the Material Fact of May 19, 2023, informs its investors and the market in general that, on June 7, 2023, the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) approved the transfer of the entire stake (100%) of Petróleo Brasileiro S.A.... Continue Reading →

June 8, 2023 0

Rystad: Argentina’s Vaca Muerta could pump 1 mln bpd of crude by 2030

(Reuters) - Argentina's Vaca Muerta shale formation could produce more than 1 million barrels per day (bpd) of crude oil by 2030, consultancy Rystad Energy said on Wednesday, but cautioned this relied on the country solving transport capacity bottlenecks. This could see the formation, the size of Belgium located in Argentina's vast Patagonian region, nearly... Continue Reading →

June 1, 2023 0

The New Exploratory Frontiers and the Brazilian Impasse, by Rodolfo Henrique de Saboia – Director General of ANP

Exclusive article from TN Magazine The oil industry's activity resembles a moving bicycle. Without new impulses, the activity remains for a while, but tends to gradually decline and eventually cease. In the oil sector, these impulses can be given in two ways: with the exploration of new areas; or with investments in existing fields to... Continue Reading →

May 24, 2023 0

Petrobras on Bahia Terra Production

Petróleo Brasileiro S.A. – Petrobras, in continuity with the announcements of 03/31/2023, 03/14/2023, 04/13/2023, 05/02/2023, 05/05/2023 and 05/11/2023 informs that it obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels ("ANP") to resume production from eight more facilities of the Bahia Terra Pole (Itariri River Collector Station, Jandaia Collection Station, Fazenda Imbé... Continue Reading →

May 22, 2023 0

3R Petroleum: Precedent conditions for the closing of the Potiguar Cluster

3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, informs its investors and the market in general that it became aware today that the operational license referring to the fields of Ubarana, Ubarana Oeste and Cioba, in the Potiguar basin, part of the... Continue Reading →

May 19, 2023 0

Argentina seeking new Vaca Muerta pipeline work to move local gas supply

(Reuters) - Argentina's government will next week call for bids to reverse the flow of natural gas on a major pipeline designed to transport Vaca Muerta production to the north and center of the country, Economy Minister Sergio Massa said on Friday. Vaca Muerta is a massive shale formation in western Argentina seen as key... Continue Reading →

May 15, 2023 0