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3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, comes to clarify the veracity of the article entitled “3R Petroleum devolve bloco na Bacia Potiguar” published on this date by a private platform for capital market investors (“News”). Regarding the News, the Company... Continue Reading →
In a conference with investors, the company's CEO, Roberto Monteiro, detailed some of the future steps of the oil company. On the exploratory side, the executive said that in March the company will start a new drilling campaign in the Campo de Frade field, in the Campos Basin. Also according to Monteiro, the campaign will... Continue Reading →
The Brazilian Institute of the Environment (Ibama) granted ExxonMobil the environmental license authorizing the activity of offshore drilling in six blocks of the Sergipe-Alagoas Basin (SEAL-M-351, SEAL-M-428, SEAL-M-430, SEALM-501, SEAL-M-503, SEAL-M-573). Ibama authorized the drilling of up to 11 exploratory wells. So far, ExxonMobil has guaranteed the drilling of two firm wells, with the others... Continue Reading →
Offshore drilling contractor Noble Corporation has secured more work for its drilling rigs, including a conditional award for four of its drillships working for ExxonMobil in Guyana. Looking ahead, the rig owner expects significant sequential growth in the upcoming two quarters with a continued upward trajectory in activity levels and day rates. Noble Corp. on... Continue Reading →
(OE) Brazilian oil company Enauta said Thursday that it has successfully replaced the seabed pump and returned to production a well at its Atlanta field, offshore Brazil. With the well, named well 7-ATL-4HB-RJS, online, the field returned to producing around 12,500 barrels of oil per day, contributing to the company's total production of around 21,500... Continue Reading →
(Reuters) - At the risk of being dropped from Texas pension funds, BlackRock Inc (BLK.N) has ramped up its message that the world's largest asset manager is a friend of the oil and gas industries. As a large and long-term investor in fossil fuel companies, "we want to see these companies succeed and prosper," BlackRock executives wrote... Continue Reading →
High oil and gas prices helped Spain's Repsol REP.MC to post earnings above market expectations on Thursday, giving it more financial firepower to spend on low-carbon operations investors are increasingly demanding of energy companies. Benchmark Brent crude oil LCoC1 and Henry Hub gas rose 70% and 86% respectively during 2021 as tight gas supplies collided... Continue Reading →
Partners Frontera Energy and CGX Energy plan to spend up to $130 million on their second exploration well on the Corentyne block offshore Guyana following positive results from the first well, Kawa-1. Frontera Energy is the majority shareholder of CGX and joint venture partner of CGX in the Petroleum Prospecting License for the Corentyne block.... Continue Reading →
(OM) Demand for floating rigs is soaring in the new year, with floaters making up 86% of the awards in February thus far, according to Evercore ISI’s latest Offshore Rig Market Snapshot. While no contract awarded was for more than four months, the firm commented that “day rates are clearly trending higher with Transocean... Continue Reading →
(Reuters) - A string of offshore oil discoveries has turned Guyana, a tiny South American country with fewer than 800,000 people, into one of the hottest exploration and production frontiers in decades. Since 2015, oil companies operating off its coast have found more than 10 billion barrels of recoverable oil and gas, a tenth of... Continue Reading →
Brazil Energy Insight 