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 – Production Data January 2022
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 →
PetroReconcavo registers increase in 2P reserves in 2021
PetroReconcavo ended 2021 with an increase of 5.3 million barrels of oil equivalent in its reserves. The Reserves and Resources Certification report was prepared by the independent consultancy Netherland, Sewell & Associates and released this week by the oil company. Thus, the volume of new 2P reserves (proved and probable) totaled 10.8 million barrels of... Continue Reading →
Petrobras concludes the sale of E&P assets in Alagoas
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 06/30/2021 and 07/05/2021, informs that today it concluded the sale of its entire stake in seven concessions denominated Alagoas Cluster, located in the state of Alagoas, to the company Origem Energia S.A (former Petro+). The operation was concluded with the payment of US$... Continue Reading →
Oil-trading giant Vitol eyes shale expansion with new venture
(Bloomberg) — Vitol Group, the world’s largest independent oil trader, is partnering with shale specialists who formerly led Brigham Exploration Co. to expand amid the highest crude prices in seven years. The trader and Austin, Texas-based driller ATX Energy Partners LLC formed VTX Energy Partners LLC to acquire wells in the Permian and Bakken shale... Continue Reading →
Brazil natural gas production in 2021 rises 5% and sets a new record at 134 MMm3/d
Natural gas production in 2021 set a record, having reached an average production of 134 MMm3/d (millions of cubic meters per day), a growth of 5% compared to the previous year, when the average was 127 MMm3/d. The average oil production was 2.905 MMbbl/d (million barrels per day), a decrease of 1.18% compared to the... Continue Reading →
Petrobras signs contract for sale of the Potiguar Cluster
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 01/28/2022, informs that it signed today with the company 3R Potiguar S.A., a wholly owned subsidiary of 3R Petroleum Óleo e Gás S.A., a contract for the sale of the totality of its stake (100%) in a set of 22 concessions of onshore... Continue Reading →
Uganda moves to become oil exporting nation by 2025
(WO) The Uganda National Oil Company plans to sign a final investment decision on Feb. 1 for a large oil field and pipeline project, taking a definitive step toward becoming a crude exporter. TotalEnergies SE and Cnooc Ltd., along with the East African country’s state oil company, are developing projects expected to reach an output... Continue Reading →
Ecuador’s private heavy crude pipeline bursts in Amazon region
(Reuters) - Ecuador's privately held heavy crude pipeline burst on Friday and technical staff are at the scene working to contain the damage, crude transport company OCP Ecuador said. The incident happened in the so-called Piedra Fina zone, an area in Ecuador's Amazon where regressive erosion caused the OCP pipeline and the state-owned SOTE pipeline... Continue Reading →
3R Petroleum Acquisition of the Potiguar Cluster
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), communicates to its shareholders, investors and the market in general that Petróleo Brasileiro S.A. (“Petrobras”) sent a notification to the Company informing that its Board of Directors approved, on today's date, the sale to 3R Potiguar S.A. (“3R Potiguar” ), a subsidiary of the... Continue Reading →
