Brought to you by Quest Offshore & Southern Cone Consultants
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/05/2020, informs that it has today finalized the sale of its 50% interest in the Dó-Ré-Mi onshore field, located in the Sergipe-Alagoas Basin, in the state of Sergipe, to the company Centro-Oeste Óleo e Gás Ltda. After fulfilling the previous conditions, the operation... Continue Reading →
(Reuters) Ecuador's state oil company, Petroecuador, has declared force majeure at one of its fields in the Amazonian province of Orellana due to a prolonged protest by an indigenous community over compensation to nearby residents. In a statement published late on Thursday, Petroecuador said the force majeure declaration at the Eden Yuturi field in its... Continue Reading →
(PetroNoticias) 3R Petroleum launched its new visual identity. The date was chosen for the celebration of one year since the start of operations at Polo Macau, in the Potiguar Basin, on May 29, 2020. The brand, redesigned, reinforces the company's pillars: Energy to Rethink, Redevelop and Revitalize, preparing it for the future. “We are very... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media, informs that its wholly-owned subsidiary Petrobras Bolivia S.A. (PEB) was condemned in the first instance to pay compensation for the use of property where the San Alberto field facilities are located in the amount of US$ 61.1 million, plus interest and... Continue Reading →
(PetroNoticias) Imetame notified the National Petroleum Agency (ANP) about the discovery of oil evidence in the Sintonia prospectus (1-IMET-28-ES), within the ES-T-441 block, located on the terrestrial part of the Espírito Santo Basin. Exploratory activity in the region began in April. Block ES-T-441 was fully purchased by Imetame in 2018, during the 14th Bidding Round... Continue Reading →
Spending in the upstream oil and gas sector is expected to gradually begin to rise from 2022, however, it will not reach the pre-crisis period any time soon as the toll of the Covid-19 pandemic on upstream investments in the first two years of the downturn is estimated at a whopping $285 billion, Rystad Energy... Continue Reading →
(Reuters) 3R Petroleum Oil and Gas reported that its board approved the formalization of a partnership with DBO under which the companies agree to jointly capitalize 3R Petroleum Offshore, new name of OP Energia, and to join efforts to seek acquisition opportunities. The company will seek, through the partnership, to expand its operations in offshore... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on December 11, 2020, informs that it signed with Petrom Produção de Petróleo & Gás Ltda. (Petrom) a contract for the sale of its entire 50% stake in the onshore field of Rabo Branco, located in the Sergipe-Alagoas Basin, in the State of Sergipe.... Continue Reading →
(epbr) The Company raised R$ 1.1 billion on the stock exchange with a share price of R$ 14.75. The value was defined below the initial indicative price range, from R$ 15.50 to R$ 19.50. Negotiations at B3 begin on Wednesday (5). - The objective is the acquisition of upstream mature assets. About 66% of the... Continue Reading →
(ANP) Published today the Monthly Bulletin of the Production of Oil and Natural Gas of the ANP of the month of March 2021, with consolidated data of the national production in the period. For the first time, production in the Santos Basin surpassed 70% of national production, registering its largest relative share in the historical... Continue Reading →
Brazil Energy Insight 