(PetroNoticias) The National Petroleum Agency (ANP) approved the transfer of 100% of the Petrobras stake in the Miranga cluster in Bahia, to PetroReconcavo. The regulatory agency also gave the green light for the full sale of Polo Peroa, in the shallow waters of Espírito Santo, to 3R Petroleum. As a reminder, the sale of the... Continue Reading →
Shell Exits Permian with $9.5B Sale to ConocoPhillips. Its U.S. Output Now Mostly Offshore
(Reuters) - Royal Dutch Shell (RDSa.L) said on Monday it would sell its Permian Basin assets to ConocoPhillips (COP.N) for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition. For ConocoPhillips, it is the second sizable acquisition in a year in the heart of the... Continue Reading →
3R WILL MAKE ADJUSTMENTS TO THE PRODUCTION MEASUREMENT OF THE MACAU CLUSTER AND EXPECTS TO OPEN SEPARATION PLANTS IN 2022
The independent oil company 3R announced (13) that it reached the highest gross production measured in the fields of Macau, in the Potiguar basin (RN). In addition, the company also recorded the highest oil production measured by flow meters at its metering stations in such concessions. However, this increase in volume was not reflected in... Continue Reading →
Mexico’s president earmarks $32B to help Pemex boost oil production
(Bloomberg) --Mexico President Andres Manuel Lopez Obrador is raising Pemex’s spending plan for next year to about $32 billion in a bid to boost flagging oil production. The funds allocated for the state producer in a 2022 budget proposal, including operational spending, represent a 17% increase from this year. Of the total, about $18 billion... 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 26 concessions of onshore and shallow waters production fields, including the Clara Camarão refinery, in the state of Rio Grande do Norte, clarifies that it has received binding offers... Continue Reading →
Petrobras oil & gas divestments could end this year
The Petrobras divestment program of oil and gas producing fields has a date set to end: December 31, 2021, as determined by the National Agency for Petroleum, Natural Gas and Biofuels (ANP). In recent years, medium-sized oil companies have gained muscle by acquiring state-owned assets. But, starting in 2022, they will need to look for... Continue Reading →
PetroRecôncavo posted net revenue of R$249 million in the second quarter
The company earned R$94.5 million and recorded net cash above R$450 million in the period PetroReconcavo, one of the leading independent oil and gas operators in the revitalization of mature onshore fields in Brazil, announced its results for the second quarter of 2021 (2Q21). Net revenue was R$ 249 million in the period, a growth... Continue Reading →
PETROBRAS AND ENEVA MAKE GAS DISCOVERIES
Petrobras and Eneva discovered gas fluids in wells 1-BRSA-1380D-RJS and 1-ENV-19-MA, respectively, according to data published by the ANP last Friday. The notification of evidence of hydrocarbons was made to the ANP on August 12, in the case of the state-owned company, and on August 9, in the case of Eneva. Located in the C-M-346... Continue Reading →
PTTEP announces sale of Partex Brasil Ltda. and Partex Brasil Operacoes Petrolifera Ltda. to Ubuntu Engenharia
The divestment of Partex Brasil Ltda. and Partex Brasil Operações Petrolíferas Ltda. PTT Exploration and Production Public Company Limited, or PTTEP, wishes to announce that, on 30th July 2021, Participations and Explorations Corporation and Partex (Brazil) Corporation, subsidiaries of PTTEP, entered into a Sale and Purchase Agreement (SPA) to sell Partex Brasil Ltda. and Partex Brasil... Continue Reading →
Petrobras on E&P assets in the Potiguar Basin
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on July 9, 2021, informs the beginning of the binding phase regarding the sale, together with Sonangol Hidrocarbonetos Brasil Ltda. (Sonangol), of all stakes of both companies in the onshore exploratory block POT-T-794, belonging to the BT-POT-55A concession, located in the Potiguar Basin, in... Continue Reading →