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Petro Rio S.A. ("Company" or "PRIO") (B3:PRIO3), in compliance with the provisions of Article 12 of Resolution No. 44 of the Brazilian Securities and Exchange Commission ("CVM"), dated August 23, 2021, as amended, informs that it received from Banco de Investimentos Credit Suisse (Brasil) S. A. correspondence in which they inform the Company that they... Continue Reading →
(Reuters) Ecuador will need to revise down its daily crude oil production target by some 40,000 barrels, equivalent to about 8%, its oil minister said, after state-run company, Petroecuador declared force majeure on three more oil blocks on Tuesday because of protests. Petroecuador had already declared force majeure on another block over the weekend, also... Continue Reading →
(Reuters) - Venezuela's state-run oil company PDVSA has accumulated $21.2 billion in accounts receivable, according to documents viewed by Reuters, after turning to dozens of little known intermediaries three years ago to export its oil under U.S. sanctions. The internal disclosure of the enormous amount of unpaid sales - about 84% of PDVSA's total value... Continue Reading →
(OET) Offshore accommodation provider Prosafe is taking part in three ongoing tenders to win more work for its fleet of vessels. As the recent Petrobras tender for 450 days was cancelled, Prosafe is currently not participating in any Petrobras tenders, however, the company is engaged in three tenders. The first of these is in the... Continue Reading →
(Reuters) - Brazil's environmental regulator Ibama has asked oil company Petrobras (PETR4.SA) for additional information on its plan to drill at the mouth of the Amazon river before authorizing Petrobras to test its emergency oil spill response, the agency's president Rodrigo Agostinho told Reuters. The request frustrated the hopes of Petrobras to start the drilling test as... Continue Reading →
(Reuters) A senior executive at Russia's Lukoil energy company said a project in the Congo in which it is involved would begin producing liquefied natural gas (LNG) in December, Russian news agencies reported. Lukoil Vice President Ivan Romanovsky said the initiative would produce around 600,000 tonnes of LNG per year, and that Lukoil plans to... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), following best practices in Corporate Governance informs its investors and the market in general the preliminary unaudited production data for February 2023. (1) Refers to the 35% Interest held by 3R in Pescada Cluster concessions. (2) In February, approximately 60% of the gas produced... Continue Reading →
(OM) Drilling contracting activity has slowed in March with only a few contracts announced so far this month, according to Evercore ISI’s latest Offshore Rig Market Snapshot. This follows a “busy” February where five drillships and four jackups secured new multi-year terms. This included a new three-year contract from Petrobras for the Valaris DS-8, which was... Continue Reading →
Japan’s Marubeni Corporation has launched the first green hydrogen injection demonstration project in the natural gas distribution network of Portugal through its investment in Floene Energias, a gas distribution system operator in Portugal with over 70% of the country’s market share. According to Marubeni, in this demonstration project, Floene is transporting green hydrogen through its... Continue Reading →
Italian oil company Eni said Friday it had made a new discovery on the Yatzil exploration prospect in Block 7, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. According to preliminary estimates, the new finding may contain around 200 million barrels of oil (MBoe) in place. Yatzil-1 EXP... Continue Reading →
Brazil Energy Insight 