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(PN) The National Petroleum Agency (ANP) authorized the sale of Polo Carmopolis, a Petrobras asset located in the Sergipe-Alagoas Basin, to Carmo Energy (a company of the Spanish group Cobra). According to the ANP decision, Carmo Energy must present a financial guarantee or a term guaranteeing the decommissioning of the fields involved. The agency also... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in Corporate Governance, informs its investors and the market in general the preliminary unaudited production data for November 2022 in the assets that the Company holds participation. (1) Refers to the 35% Interest held by 3R in Pescada Cluster concessions. (2) Approximately... Continue Reading →
(Reuters) - Argentina has secured financing of $689 million from Brazilian state development bank BNDES for the second stage of a crucial natural gas pipeline in the huge Vaca Muerta shale region, energy secretary Flavia Royon said on Monday. The pipeline, which will hugely increase the country's gas transport capacity, will help Argentina "to achieve... Continue Reading →
(WO) — Houston American Energy Corp. announced the acquisition of an additional interest in Hupecol Meta, LLC., on December 9th. “We are excited about the increase of our interest in the CPO-11 block, the progress made by Hupecol Meta to date, and the outlook for the development of the block,” John Terwilliger, CEO of Houston... Continue Reading →
(Reuters) The two largest U.S. oil companies - Exxon Mobil Corp and Chevron Corp - disclosed plans to increase outlays on energy projects next year amid high oil demand and prices. While spending more, it will be less than half the combined $84 billion they spent in 2013, when oil prices often traded above $100 per barrel... Continue Reading →
Total production for October was 4.180 million barrels of oil equivalent per day (boe/d), of which 3.245 million barrels of oil per day (bbl/d) and 148.747 million cubic meters of natural gas per day (m3/d ). In oil, there was an increase of 3.1% compared to the previous month and 16.8% compared to October 2021.... Continue Reading →
(epbr) Independent operators that bought upstream assets in the Petrobras divestment process will invest US$ 10 billion in the projects until 2027, increasing the production of these assets, which should reach a peak of 485 thousand barrels per day in five years. A report released by Wood Mackenzie studied the production projects of the companies... Continue Reading →
(Reuters) - Argentina's Economy minister Sergio Massa said on Thursday that the government was readying a liquefied natural gas (LNG) bill to send to Congress in the coming months, amid a push to create a major gas export sector in the country. The bill aims to spur the multi-billion-dollar investments needed to exploit Argentina's massive... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for October 2022 in the assets that the Company holds participation. (1) Refers to the 35% Interest held by 3R in Pescada Cluster concessions. (2)... Continue Reading →
(TN) Eneva, an integrated energy company, which operates from the exploration and production (E&P) of natural gas to the supply of customized solutions, closed the third quarter of 2022 with a net profit of R$ 237 million, 61.4% higher than that recorded in the second quarter of this year. Adjusted EBITDA, of R$598 million, represented... Continue Reading →
Brazil Energy Insight 