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(Reuters) - Peru's government wants to ramp up oil production in some of its dormant Amazonian fields as global crude prices soar on supply fears linked to Russia's invasion of Ukraine. Among the areas prime for a reboot is Block 192, the Andean country's largest - and leakiest - field. Located deep in the Amazon... Continue Reading →
(Reuters) - CNOOC Ltd (0883.HK), China's top offshore oil and gas producer, plans to raise about 35 billion yuan ($5.5 billion) next month in what will likely be China's 10th-biggest listing, to fund oil and gas extraction as Beijing prioritises energy security amid rising geopolitical tensions. State-owned CNOOC, which is blacklisted by Washington, said in a... Continue Reading →
Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3), in compliance with the provisions of article 2 of CVM Instruction 358/02 (and its amendments by CVM Instruction 568/15), informs its shareholders and the market in general the change of its functional currency from Brazilian Reais to U.S. Dollars. The change was approved in a Board Meeting... Continue Reading →
(Reuters) - China's largest oil and gas producer, PetroChina (601857.SS), on Thursday posted a net profit of 92.17 billion yuan ($14.53 billion) for 2021, making its biggest since 2014 thanks to a global economic recovery that lifted energy prices and consumption. In 2020, PetroChina's net profit was 19 billion yuan. The company said, in a statement... Continue Reading →
Brazil’s Enauta has confirmed it is in talks with Australia’s Karoon Energy for the sale of part of its interest in the Atlanta field located offshore Brazil. Located in the Santos Basin, the Atlanta field is operated by Enauta, which has a 100 per cent interest in this asset. Following a report by Brazilian news... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, informs its shareholders and the market in general that, following the best corporate governance practices, on this date has published the Proposal (“Proposal”) for the Annual and Extraordinary General Meeting (“Meeting”) to be held... Continue Reading →
(Reuters) China's CNOOC Ltd 0883.HK posted record annual net profit for 2021, with earnings nearly tripled from 2020, supported by rapidly rebounding oil and gas prices as global energy demand recovered from the pandemic. The state-controlled offshore oil and gas specialist posted a net profit of 70.32 billion yuan ($11.08 billion), versus 24.96 billion yuan... Continue Reading →
Australia’s FAR Limited has decided to retain the Woodside Contingent Payment within the company rather than demerging it into a new entity. However, a demerger is still on the table for the firm’s exploration portfolio in The Gambia, as the Australian player seeks farm-out options or outright sale to maximise the value of these assets.... Continue Reading →
(WO/Bloomberg) — Argentina, home to some of the world’s vastest gas reserves, is bracing for the unthinkable: rationing one of its chief natural resources. Despite having shale-gas deposits to rival those in Appalachia, which made the U.S. a major exporter, Argentina's domestic gas production sector has suffered from years of underinvestment that has left it unable to meet... Continue Reading →
Oil and gas major ExxonMobil has completed its drilling operations on the Cutthroat prospect, located in the Sergipe-Alagoas Basin off Brazil, but failed to verify the presence of hydrocarbons. ExxonMobil started drilling the exploration well 1-EMEB-3-SES in the Block SEAL-M-428 on 20 February 2022, using Seadrill’s West Saturn drillship. The operations were expected to last between 45 –... Continue Reading →
Brazil Energy Insight 