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(epbr) The Administrative Council for Economic Defense (Cade) approved, without restrictions the acquisition of the Carmópolis Cluster, sold by Petrobras to Carmo Energy. The regulatory agency understood that there is no harm to the competitive environment in the oil and gas sector. Carmo Energy, an affiliate of the Spanish group Cobra, will take over the... Continue Reading →
(WO) Environmental activists in Argentina are trying to prevent new oil exploration in the resource-rich South American nation just days after forcing a governor in Patagonia to reverse course on silver mining. The government has been lobbying the case for drillers to search for oil in the Atlantic Ocean ever since protests last week in... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for December 2021 in the assets that the Company holds participation. (1) Refers to 3R's stake in the Macau Cluster concessions, after discounting the 50%... Continue Reading →
(PetroleoHoje) Petrobras found evidence of gas in the Três Marias block, in the pre-salt layer of the Santos Basin. The discovery, carried out on the 10th, was made in a water depth of 2,223 mts. The wildcat well was drilled in October by Diamond's Ocean Courage rig. The Três Marias area was acquired in the... Continue Reading →
(Reuters) - Equinor (EQNR.OL) will book a loss from gas derivatives of between $1.4 billion and $1.5 billion for the final quarter of 2021, in line with previous statements that some third-quarter profits would be reversed, the energy company said on Tuesday. Norway's largest company on Oct. 27 reported a surge in July-September earnings, driven by a global... Continue Reading →
(OE) China's biggest offshore oil and gas producer, CNOOC Ltd, on Tuesday set its 2022 production target at 600 million-610 million barrels of oil equivalent (boe), 10% above last year's goal. The company targeted output of 545 million-555 million boe in 2021, though it expects to have beaten that, churning out an estimated 570 million... Continue Reading →
talian offshore oilfield services company Saipem has won $1.1 billion worth of offshore contracts in Australia and Guyana with Woodside and ExxonMobil, respectively. In Australia, Woodside has granted Saipem the Notice to Proceed (NTP) for a contract related to the Scarborough project. Saipem will complete the export trunkline coating and installation of the pipeline that... Continue Reading →
(TN) Enauta's total production in December reached 624.2 thousand barrels of oil equivalent (boe), or average daily production of 20.1 thousand boe. For the year 2021, the Company's total production was 6,671.2 million barrels of oil equivalent (boe), or average daily production of 18.3 thousand boe. Also in December, the Atlanta Field operated through two... Continue Reading →
(Reuters) - A debt refinancing operation for Mexican national oil company Pemex that swapped the highly-indebted firm's short-term bonds for a new 10-year bond has been completed, the finance ministry announced on Sunday. In a statement, the ministry said the near-term debt management scheme lowers Pemex's overall debt load by $3.2 billion, while reducing "financial... Continue Reading →
(Reuters) Europe's Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil.Surging oil and gas prices in 2021 delivered billions of dollars in profits to top oil companies, in stark contrast to the previous year when energy prices collapsed as the coronavirus pandemic hit travel and economic activity.Typically,... Continue Reading →
Brazil Energy Insight 