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(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 →
(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 →
(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 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 →
(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 →
(Reuters) - At least five Nigerian oil and gas companies are preparing to submit bids this month for Royal Dutch Shell's (RDSa.L) onshore oilfields in a sale that could fetch up to $3 billion, three sources involved in the process told Reuters. Shell started talks with the Nigerian government last year about selling its stake in the West African... Continue Reading →
Domestic oil production in November was 2.852 million bpd, up 2.7% from the previous month; and 3.5% compared to November 2020. In natural gas, with production of 137 million cubic meters per day, there was an increase of 3.7% compared to October and 8.1% compared to November 2020 Total Brazilian oil and gas production during... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 08/03/2021, informs that it signed today with Ubuntu Engenharia e Serviços Ltda contracts for the sale of its total interest in the PAR-T-218_R12 concession, located in the Paraná Basin. The total value of these transactions is US$ 32 thousand and the closing is... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. ("3R" or "Company") (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, communicates to its shareholders and the market in general that received from the Northeast Development Superintendence (“SUDENE”), an agency linked to the Ministry of Regional Development, through Constitutive Report No. 0285/2021, the approval for... Continue Reading →
(Reuters) - Ecuador's heavy-crude oil pipeline will restart pumping on Dec. 31 following maintenance to solve issues caused by erosion in the country's Amazon region, while exports of Napo crude will begin on Jan. 3, crude transport company OCP Ecuador said on Wednesday. The government of President Guillermo Lasso declared force majeure over its oil... Continue Reading →
