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Norwegian energy group Equinor (EQNR.OL) said on Monday it will start the process of divesting from its joint ventures in Russia amid Moscow's invasion of Ukraine. Equinor is the second major European oil and gas producer, after energy major BP , to announce its exit from Russia as Western countries ramp up efforts to punish Russia with... Continue Reading →
(Bloomberg) -- After watching big banks curtail lending and asset managers pare bets, fossil fuel producers are now losing access to some of Wall Street’s deepest pockets. Blackstone Inc., once a major player in shale patches, is telling clients its private equity arm will no longer invest in the exploration and production of oil and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/22/2022, informs that it has signed today with the company Seacrest Petróleo SPE Norte Capixaba Ltda., a wholly owned subsidiary of Seacrest Exploração e Produção de Petróleo Ltda., a contract for the sale of its total interest (100%) in a set of 4... Continue Reading →
(Reuters) - The first contract for drilling at the key Ishpingo oilfield near Ecuador's Yasuni National Park has been awarded to China National Petroleum Corp (CNPC), energy minister Juan Carlos Bermeo told Reuters on Wednesday. The South American country, which is pushing legal reforms to win private investment through tax and job incentives, has also... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 01/15/2021, informs that the Company's Board of Directors, at a meeting held today, approved the sale of its total interest (100%) in a set of 4 concessions of onshore production fields, with integrated facilities, located in the state of Espírito Santo - ES,... 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 article entitled “3R Petroleum devolve bloco na Bacia Potiguar” published on this date by a private platform for capital market investors (“News”). Regarding the News, the Company... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) has bet billions of dollars on offshore drilling in Brazil, an area it once abandoned and now sees as key to its future. But five years into its comeback, the U.S. oil giant has yet to make a major oil discovery as an operator in Brazil's waters and has let opportunities... Continue Reading →
(World Oil) — Baker Hughes rig count released Friday shows the United States has added 22 rigs since last week, bringing its total count to 635. This shows an increase of 238 rigs from last year, and brings North America’s total rig count to 854. Compared to a record low U.S. count of 244 in... Continue Reading →
Petrobras posted an excellent operational performance in 2021, reaching all production targets for the year with the achievement of the following marks: The highlights for 2021 were: FPSO Carioca production start-up, on August 23, the first platform in Sépia field, in Santos Basin pre-salt. Throughout the year, 3 new producing wells were connected and currently... 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 January 2022 in the assets that the Company holds participation. (1) Refers to 3R's stake in all Polo Macau concessions. On December 21, 2021,... Continue Reading →
Brazil Energy Insight 