Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 12/07/2020 and 02/01/2021, informs that it has unsuccessfully concluded negotiations with Eneva S.A. for the sale of all of its interest in a set of seven onshore production concessions, called the Urucu Cluster, located in the Solimões Basin, in the state of Amazonas.... Continue Reading →
Petrobras on the sale of Potiguar Cluster assets
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 12/23/2020, 08/27/2021 e 01/19/2022, informs that the Company's Board of Directors, at a meeting held today, approved the sale of its total stake (100%) in a set of 22 concessions of onshore and shallow water production fields, together with its infrastructure for processing,... Continue Reading →
Petrobras on Potiguar Cluster divestment
Petróleo Brasileiro S.A. - Petrobras, regarding the pieces of news in the media about the divestment project of the Potiguar Cluster, which includes a set of 22 concessions of onshore and shallow waters production fields, including the Clara Camarão refinery, in the state of Rio Grande do Norte, clarifies that, as informed in a press... Continue Reading →
Baker Hughes finds U.S. Drillers add most O&G Rigs Since April
(Reuters) U.S. energy firms this week added the most oil and natural gas rigs in a week since April as rising oil prices prompt more drillers to return to the wellpad. The oil and gas rig count, an early indicator of future output, rose 13 to 601 in the week to Jan. 14, its highest... Continue Reading →
Petrobras on production in 2021 and 2022 target
Rio de Janeiro, January 14, 2022 - Petróleo Brasileiro S.A. – Petrobras confirms the achievement of its production targets for the year 2021, with the following results: The highlights of 2021 were: • the start of production from FPSO Carioca, the first platform in the Sépia field, in the Santos Basin pre-salt;• own... Continue Reading →
Cade Approves Sale of Carmópolis Cluster to the Cobra Group
(epbr) The Administrative Council for Economic Defense (Cade) approved, without restrictions the acquisition of the Carmópolis Cluster, sold by Petrobras to Carmo Energy. The regulatory agency understood that there is no harm to the competitive environment in the oil and gas sector. Carmo Energy, an affiliate of the Spanish group Cobra, will take over the... Continue Reading →
Emboldened green activists target Argentina’s offshore oil plans
(WO) Environmental activists in Argentina are trying to prevent new oil exploration in the resource-rich South American nation just days after forcing a governor in Patagonia to reverse course on silver mining. The government has been lobbying the case for drillers to search for oil in the Atlantic Ocean ever since protests last week in... Continue Reading →
EIA expects shale to drive record U.S. oil production in 2023
(WO) U.S. annual oil production is set to rise to a record next year as shale producers continue to boost output. Oil supply will average 12.41 million barrels a day in 2023, according to the Energy Information Administration. That would surpass the current annual high of 12.3 million barrels a day set in 2019, the... Continue Reading →
3R Petroleum – Production Data – Dec 2021
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 December 2021 in the assets that the Company holds participation. (1) Refers to 3R's stake in the Macau Cluster concessions, after discounting the 50%... Continue Reading →
Shell pursues $7 billion buyback ‘at pace’ despite LNG troubles
(Reuters) - Royal Dutch Shell said it will pursue "at pace" a $7 billion share buyback largely funded from the sale of its U.S. shale business as it faces liquefied natural gas (LNG) outages and slower fuel sales due to the economic hit from Omicron. Shares in Shell (RDSa.L), the world's largest trader of LNG, were... Continue Reading →