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(Oil Price) Despite decades of mismanagement, malfeasance and corruption, strict U.S. sanctions and crumbling energy infrastructure, Venezuela’s national oil company PDVSA has stunned observers by reporting a significant increase in crude oil output for November 2021. OPEC’s December 2021 Monthly Oil Market Report shows based on primary sources Venezuela pumped an average of 824,000 barrels daily for November... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. ("3R" or "Company") (B3: RRRP3), communicates its investors and the market in general that, as of this date, its shares will be included in the portfolio of Ibovespa Index (“Ibovespa”) and Brazil 100 Index (“IBrX 100”) of B3 S.A. – Brasil, Bolsa, Balcão (“B3”). The new portfolio will be... Continue Reading →
3R PETROLEUM ÓLEO E GÁS (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of Resolution No. 44 of the Brazilian Securities Commission, informs its investors and the market in general that on December 30th, 2021 has concluded, through its integrally owned subsidiary 3R Macau SA (“3R Macau”), the prepayment of the 2nd Issuance... Continue Reading →
(Reuters) - Brazilian oil company Enauta Participacoes SA (ENAT3.SA) said on Monday it will no longer sell its stake in the Manati oilfield, adding that conditions for the conclusion of a previously announced deal with Gas Bridge SA have not been met. "The deal was subject to a series of commercial and regulatory conditions that should have... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 08/03/2021, informs that it signed today with Ubuntu Engenharia e Serviços Ltda contracts for the sale of its total interest in the PAR-T-218_R12 concession, located in the Paraná Basin. The total value of these transactions is US$ 32 thousand and the closing is... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) on Thursday signaled a return to annual profit for 2021 as stronger oil and gas prices drove a gain of up to $1.9 billion in operating profits that exceeded one-time charges. The largest U.S. oil producer issued a snapshot of final quarter results that showed it expects sequentially higher profit fromoil... Continue Reading →
Guyana's parliament on Wednesday approved local content rules for oil producers and a sovereign wealth fund to oversee the South American nation's earnings from a budding oil bonanza. International oil producers have discovered 10 billion barrels of oil and gas that promise to transform Guyana's agricultural and mining economy into an oil powerhouse providing billions... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. ("3R" or "Company") (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, communicates to its shareholders and the market in general that received from the Northeast Development Superintendence (“SUDENE”), an agency linked to the Ministry of Regional Development, through Constitutive Report No. 0285/2021, the approval for... Continue Reading →
(Reuters) - Ecuador's heavy-crude oil pipeline will restart pumping on Dec. 31 following maintenance to solve issues caused by erosion in the country's Amazon region, while exports of Napo crude will begin on Jan. 3, crude transport company OCP Ecuador said on Wednesday. The government of President Guillermo Lasso declared force majeure over its oil... Continue Reading →
(RE) Hexicon has teamed up with Avapa Energy to form a joint venture in Italy to develop floating wind projects in Italian waters. AvenHexicon is a 50:50 JV, which will have Hexicon license its patented technology for use in projects and for use by third parties. Hexicon said it has been looking for a partner... Continue Reading →
Brazil Energy Insight 