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PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of March. Key: (1) The production from the Frade field was affected due to a defect in the gas lift valve of the ODP5 well, which required a temporary interruption of the... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), under the terms of art. 157, § 4, of Law No. 6,404 and CVM Resolution No. 44, communicates to its investors and the market in general, following the material fact disclosed on April 1, 2024, that has signed, on this date, Memorandum of Understanding... Continue Reading →
(Reuters) BP is close to an agreement to sell some of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco, according to three people familiar with the talks. BP is Trinidad and Tobago's largest natural gas producer with an output of just over 1.3 billion cubic feet per day (bcfd), most... Continue Reading →
(Reuters) - Guyana’s efforts to use its natural gas resources to fuel a power plant that would slash the South American nation's energy costs have snagged on construction delays and threaten to curtail the rising oil hotspot's revenue this year by about $1 billion. The $1.9 billion gas-to-power project, Guyana's biggest effort to capitalize on its... Continue Reading →
(PN) Enauta recorded total production of 745 thousand barrels of oil equivalent in March 2024 and more than 2.3 million barrels of oil equivalent in the first quarter of this year. The company's average production between January and March was 25,500 barrels of oil equivalent per day, an increase of approximately 70% compared to the... Continue Reading →
(OE) Offshore wind developers Flotation Energy and Vårgrønn, a joint venture between Eni’s Plenitude and HitecVision, have announced that their 560 MW floating offshore wind project Green Volt has been granted full onshore planning approval. The Green Volt floating wind farm, located offshore Scotland, will deliver electricity to oil and gas platforms, replacing power currently... Continue Reading →
(PN) The technical area of the Federal Audit Court (TCU) issued an opinion calling for the suspension of the contract signed between Petrobras and Unigel, pointing out that there are irregularities in the agreement. According to the court, the contract could result in losses of R$487.1 million within eight months. The opinion still needs to... Continue Reading →
(Reuters) - Oil major Shell (SHEL.L), opens new tab is seeking a long-term license from the U.S. before making a final investment decision on the Dragon natural gas project in Venezuela, four people familiar with the matter said. The Dragon field lies in Venezuelan waters near the maritime border with Trinidad and Tobago, and holds up to... Continue Reading →
(TN) In 2023, there was an increase of 6.98% in proven oil reserves (1P), compared to 2022. There was also an increase of 3.81% in the volume relative to the sum of proven and probable reserves (2P) and 2.26 % in the sum of proven, probable and possible (3P). The data are from the ANP's... Continue Reading →
Petronas Suriname E&P, a subsidiary of Malaysia’s state-owned energy giant Petronas, has exercised the option for Noble Corporation’s Noble Voyager drillship to drill one additional well offshore Suriname. The 7th generation drillship Noble Voyager will remain a little longer for drilling operation in Block 52 offshore Suriname at a day rate of $470,000. The contract... Continue Reading →
Brazil Energy Insight 