The Special Bidding Commission of the National Petroleum Agency (ANP) approved this week the enrollment of three new companies in the Permanent Offer: Giongo Oil and Gas, Nobel Energy and Petropotiguar Petróleo e Gás. There are 65 companies authorized to participate in this bidding process modality . Approved companies may declare interest in one or... Continue Reading →
PetroReconcavo defined the price range in its initial public offering (IPO) between R$ 15.50 to R$ 19.50 per share. Considering the base offer of 70 million shares and the middle range, R$ 17.50, the transaction may raise R$ 1.225 billion. The offer is totally primary, that is, the funds go to the company's cash. There... Continue Reading →
Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to reduce its greenhouse gas emissions in the coming decades. The disclosure is a rare admission by a major oil and gas company that some of... Continue Reading →
(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil, and Argentina, today announced its operational update for the three-month period ended March 31, 2021 (“1Q2021”). All figures are expressed in US Dollars. Growth... Continue Reading →
Oil major ExxonMobil has revealed its disappointment with the performance of the Liza Destiny FPSO, operating on the Liza field off Guyana, following technical issues, which forced it to reduce output to a minimum. Offshore Energy has reported on this issue several times since the problems started in January 2021. The technical issue was related... Continue Reading →
Oil major Chevron has, via its Chevron Technology Ventures (CTV), entered the offshore wind arena through investment in Ocergy, a company developing floating offshore wind turbine foundation technology and environmental monitoring buoy. Ocergy, Inc, a company with offices in Oakland, California, and in Aix-en-Provence, France, said Tuesday it had secured investments from Chevron Technology Ventures (CTV) and the... Continue Reading →
UK-based oil and gas company Tullow Oil has committed to becoming a net-zero company by 2030 on its Scope 1 and 2 emissions through a combination of asset decarbonisation and carbon offsetting program. Announcing its commitment to become a net-zero company, Tullow has recently said it will achieve this through a combination of decarbonising its... Continue Reading →
CHANGES IN MANAGEMENT Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with article 157 of Law 6404/1976, with CVM instruction 358/2002, and article 26 of the Novo Mercado Regulation, informs its shareholders and the market of the election of Mr. Milton Salgado Rangel Neto to the position of Chief Financial Officer of the... Continue Reading →
PetroRio S.A. (“Company” or “PetroRio”) informs its shareholders and the market in general that a new reserves and resources certification report was published by DeGolyer & MacNaughton (“D&M”), dated as of January 1, 2021, which includes Polvo, Tubarão Martelo, Frade and Manati Field reserves and Block BM-C-30 (“Wahoo”) contingent resources, where PetroRio currently holds a... Continue Reading →
Oil major ExxonMobil is in the final stages of testing the flash gas compression system on the Liza Destiny FPSO following technical issues and subsequent repairs. As previously reported, ExxonMobil started experiencing technical issues with the gas compressor on the SBM Offshore-owned FPSO Liza Destiny, which is working on the Liza field offshore Guyana, in January 2021. The... Continue Reading →
