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 December 2022. (1) Refers to the 35% Interest held by 3R in Pescada Cluster concessions. (2) In December, approximately 70% of the gas produced... Continue Reading →
Guyana: 1.3 billion barrels in ExxonMobil offshore oil field
(AP) — A fifth major offshore oil field being developed by a consortium led by ExxonMobil at an estimated cost of $12.7 billion will add another 1.3 billion barrels of recoverable oil reserves to the 10-billion barrel Guyana-Suriname basin, the Guyanese government said Tuesday. The Uaru-Mako project currently under review could come on stream in... Continue Reading →
China’s CNOOC Eyes Record Oil, Gas Production for 2023
(Reuters) China's CNOOC Ltd has set its 2023 production target at a record 650 million to 660 million barrels of oil equivalent (boe), about 8% above last year's goal. The state-controlled offshore oil and gas company produced about 620 million boe last year, exceeding its goal of 600-610 million boe, CNOOC said on Wednesday in a... Continue Reading →
Gunvor Group closes $1.565 billion credit facility
(Reuters) - Geneva-based energy trader Gunvor Group on Wednesday said it has renewed a $1.565 billion loan facility to support the working capital needs of its liquefied natural gas (LNG) activities globally. The credit arrangement launched at $1.2 billion was oversubscribed and increased from $1.135 billion to $1.565 billion, the company said. As a part... Continue Reading →
Guyana seeks Indian investment in its hydrocarbon sector
(Reuters) - Guyana wants Indian companies to invest in its oil and gas sector as the South American nation aims to expand its nascent energy sector, a senior Indian foreign ministry official said on Tuesday. Guyana's President Mohamed Irfaan Ali and Suriname's President Chandrikapersad "Chan" Santokhi, who are visiting India, held discussions on Monday with... Continue Reading →
Brazil independent Enauta production up 5% in December
(PN) The production of the independent oil company Enauta in December reached the level of 18 thousand barrels of oil equivalent per day. The volume represents a growth of around 5% compared to the previous month, when the operator produced 17,000 barrels of oil equivalent per day. The Atlanta field, in the Santos Basin, Enauta's... Continue Reading →
Ocyan, LZ Energia Hire DNV to Assist with Hydrogen Conversion of Diesel Drilling Rigs
The Brazilian offshore drilling company Ocyan has engaged DNV as an independent third party in the qualification process of a system injecting hydrogen as an additive in the internal combustion engines of drilling rigs, in order to reduce diesel consumption and greenhouse gas (GHG) emissions from drilling. DNV’s technology qualification process will ensure that the... Continue Reading →
BW Energy Spuds First Hibiscus Production Well at Dussafu Block Offshore Gabon
(OED) Oil and gas company BW Energy has started drilling the first production well on the Hibiscus / Ruche Phase 1 development in the Dussafu Block offshore Gabon. The company said Monday that drilling operations had started in the first week of January. First oil is expected in March 2023. BW Energy is using the... Continue Reading →
PRIO: Dommo Payment Procedures
Petro Rio S.A. (“PRIO” or “Company”) (B3: PRIO3), following the Material Fact disclosed on the 1st of September, 3rd and 24th of October, December 8 and 16 of 2022, announces that the payment, by Petro Rio OPCO Exploração Petrolífera S.A. (“OpCo”), a subsidiary of the Company, of the redemption value of the PNB Shares assigned... Continue Reading →
PRIO December 2022 Operational Data
Petro Rio S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of December. Key: (1) The MUP3A well, in the Frade Field, had its production temporarily interrupted due to a failure in the completion equipment, with expected resumption in 1Q23.... Continue Reading →
