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ANP data show that oil production is taking place in 124 producing fields ceded by Petrobras to other companies, as of 2019, as part of the divestment process carried out by the company. In the period between 2012 and 2020. Before the divestments, production from these fields fell by approximately 60%, reaching 57,700 barrels of... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3) communicates its shareholders, investors and the market in general the result of the reserves certification of the fields that together form the Potiguar Cluster. The reserves report was prepared by the independent consultancy DeGolyer and MacNaughton, with a base date of December 31, 2021,... Continue Reading →
(Reuters) - Peru's government wants to ramp up oil production in some of its dormant Amazonian fields as global crude prices soar on supply fears linked to Russia's invasion of Ukraine. Among the areas prime for a reboot is Block 192, the Andean country's largest - and leakiest - field. Located deep in the Amazon... Continue Reading →
(WO/Bloomberg) — Argentina, home to some of the world’s vastest gas reserves, is bracing for the unthinkable: rationing one of its chief natural resources. Despite having shale-gas deposits to rival those in Appalachia, which made the U.S. a major exporter, Argentina's domestic gas production sector has suffered from years of underinvestment that has left it unable to meet... Continue Reading →
(Reuters) - Saipem (SPMI.MI) will launch a 2 billion euro ($2.2 billion) capital increase this year and sell assets to help fund a turnaround plan to bring the troubled Italian energy services group back into the black. The company stunned investors in January when it downgraded earnings by a billion euros due to a significant deterioration of... Continue Reading →
The independent oil company closed 2021 with net revenue of R$ 1.04 billion. Of this total, BRL 285 million refers to the fourth quarter, with a growth of 38.1% compared to the same period in 2020. In addition, the company's net income reached BRL 176.9 million in the consolidated for 2021 and EBITDA in the... Continue Reading →
(PN) One of the great expectations of the Brazilian oil and gas sector this year is the entry into operation of the Route 3 gas pipeline, which will transport gas from the pre-salt layer to the coast. In preparation to finally put the asset into operation, Petrobras informed Petronotícias that the final phase of commissioning... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, comes to clarify the veracity of the news entitled “Brazil’s Eneva, PetroReconcavo and 3R bid for Petrobras onshore fields, say sources”, published on March 22 on Reuters news platform (“news”). Contrary to the statement... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, regarding the pieces of news in the media regarding the sale of the onshore production fields, located in the Recôncavo and Tucano Basin, in the state of Bahia, jointly called Bahia Terra Cluster, clarifies that it received today new binding offers in the scope of this divestment process. The new... Continue Reading →
(Reuters) - Brazilian energy companies Eneva SA (ENEV3.SA), PetroReconcavo SA (RECV3.SA) and 3R Petroleum Oleo e Gas SA (RRRP3.SA) are among the firms that submitted a binding offer on Tuesday for a cluster of onshore oilfields owned by state-run Petrobras(PETR4.SA), three sources with knowledge of the matter said. Eneva and PetroReconcavo jointly bid for the fields, known collectively as Polo... Continue Reading →
Brazil Energy Insight 