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(OE) Malaysia's FPSO leasing company Yinson has secured a one-month contract extension for its Adoon FPSO in Nigeria. The contract was signed with client Addax, a Sinopec subsidiary, on December 16, 2022 and will run until January 2023. The value of the contract extension is estimated to be $3.4 million. The original contract for the FPSO Adoon... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/23/2021, informs that it has concluded today the sale of all its stakes in the set of 11 concessions of onshore fields of oil and gas production, with integrated facilities, located in the state of Sergipe, jointly called Carmópolis Custer, to the company... Continue Reading →
(Reuters) - Private U.S. oil and gas companies are increasingly turning to a niche financing structure that securitizes their production, providing a funding avenue for producers and owners as traditional sources become more expensive or simply dry up. Known as PDP asset-backed securitizations (ABS), this product takes revenue generated by companies' proved, developing and producing... Continue Reading →
A consortium of three oil and gas giants – Qatar’s QatarEenergy, France’s TotalEnergies, and Malaysia’s Petronas – have been awarded an offshore exploration block during the first cycle of Brazil’s open acreage under a production sharing regime bid held in Rio de Janeiro. QatarEnergy disclosed on Monday that, together with TotalEnergies and Petronas, it has... Continue Reading →
Petro Rio S.A. (“Company or “PRIO”) (B3: PRIO3), following the Material Fact disclosed on the 1st of September, 3rd and 24th of October and 8th of December of 2022, informs the procedures to be observed by the shareholders and subscription warrant holders of Dommo Energia S.A. (“Dommo”) for the choice of the asset, and the date of... Continue Reading →
- Petróleo Brasileiro S.A. – Petrobras informs that it has acquired the Sudoeste de Sagitário, Água Marinha and Norte de Brava blocks in the 1st Cycle of Permanent Production Sharing Offer of the National Petroleum, Natural Gas and Biofuels Agency (ANP). Petrobras has acquired the Sudoeste de Sagitário block in partnership with Shell Brasil. The... Continue Reading →
(Reuters) - Colombia is targeting a 15% increase in crude oil output by using "enhanced recovery" technologies to take advantage of higher energy prices, even as it pushes towards decarbonization, Minister for Mines and Energy Irene Velez said in an interview. The government of President Gustavo Petro, the first leftist to lead Colombia, hopes to... Continue Reading →
(Reuters) - Petrobras (BVMF:PETR4) came out as the big winner in an auction of exploratory oil and gas blocks this Friday, winning as operator three of the four pre-salt blocks negotiated, out of a total of eleven offered under a new competitive model of permanent offer. Petrobras took Água-Marinha and Sudoeste de Sagitário as operator... Continue Reading →
(OET) Westwood Global Energy, an energy market research and consultancy firm, has outlined that 2022 will have the highest floating production system (FPS) throughput capacity sanctioned since 2010, despite major project delays caused by multiple factors, including the supply chain inflationary pressure, which remains a concern in the future as well. Within its review of the... Continue Reading →
(TN) Ocyan S.A. announced the creation of a new company (DrillCo), which will concentrate its drilling activities with its current five rigs, ODN I, ODN II, Norbe VI, Norbe VIII and Norbe IX – that will form part of the new company's fleet. The new corporate structure is born in the context of the restructuring... Continue Reading →
Brazil Energy Insight 