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Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on July 09, 2021 and August 09, 2021, informs that today it signed a contract with Aguila Energia e Participações Ltda (Aguila) for the assignment, together with Sonangol Hidrocarbonetos Brasil Ltda (Sonangol), of the total interest of both companies in the onshore exploratory block... Continue Reading →
Fortune Business Insights, a market research company, expects the carbon capture and storage (CCS) market to grow to $7 billion by 2028 aided by rising investments in developing new alternatives for curbing the carbon footprint and achieving the energy transition goals and net-zero targets. The company expects the market to exhibit a CAGR of 19.5 per... Continue Reading →
(Reuters) - Venezuela this year almost doubled its oil production from last year's decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades. The surprising reversal began as state-run Petroleos de Venezuela (PDVSA.UL), known as PDVSA, won help from small drilling firms by rolling over... Continue Reading →
Rio de Janeiro, December 23, 2020 - Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/19/2021, informs that it signed today with Carmo Energy S.A. a contract for the sale of all its stakes in a set of 11 concessions of onshore production fields, with integrated facilities, located in the state... Continue Reading →
(Reuters) Royal Dutch Shell's Nigerian subsidiary SPDC has declared force majeure on exports of Nigerian Forcados crude oil after the obstruction of a tanker path by a malfunctioning barge, the company said in a statement. The action came into effect on Monday at 12:00 midday and Shell Petroleum Development Company of Nigeria Limited said that... Continue Reading →
(Reuters) - The U.S. government has authorized the purchase by Petroleos Mexicanos (Pemex) of Royal Dutch Shell's (RDSa.L) controlling interest in a Texas oil refinery in a transaction that should conclude early next year, Mexico's government said Wednesday. Mexican President Andres Manuel Lopez Obrador told a regular news conference that the U.S. government had on Tuesday approved... Continue Reading →
Australia’s FAR Limited is encouraged by oil shows and potential reservoirs encountered in the Bambo-1 exploration well offshore The Gambia despite no live oil columns being present. The well is located in Block A2 where FAR is the operator with a 50 per cent interest while its joint venture partner, PC Gambia – a subsidiary... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that, as the operator of the Tupi Field, submitted, today, to the National Petroleum, Natural Gas and Biofuel Agency (ANP), the review of the Integrated Development Plan (PD) of the Shared Deposit of Tupi and the Iracema Area. In this revision, the Tupi Consortium proposes new investments to increase... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/23/2020, informs that it concluded today the sale of its total stake in 12 onshore exploration and production fields, called Remanso Cluster, located in the state of Bahia, to PetroRecôncavo S.A. (PetroRecôncavo). After compliance with the preceding conditions, the transaction was concluded with... Continue Reading →
(Valor) The auction of the surplus volumes from the transfer of rights in Sépia and Atapu, carried out by the National Petroleum Agency (ANP) on Friday, marked the end of the large pre-salt auctions. A survey shows that, eight years after the bidding for the Libra area (today Mero), the first round under the country's... Continue Reading →
Brazil Energy Insight 