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3R PETROLEUM ÓLEO E GÁS S.A. ("3R" or "Company"), in complement to the material fact disclosed on August 19, 2021, informs its investors and the market in general that has concluded on December 21, 2021, through its subsidiary 3R Macau S.A. (“3R Macau”), the acquisition of the 50% stake held by Petrogal Brasil S.A. (“Galp”)... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best corporate governance practices, informs its shareholders and the market in general that, on this date, it has filed with the National Petroleum Agency (“ANP”) the Declaration of Commerciality of the Wahoo discovery, as well as the Development Plan in exclusive operations. The Wahoo discovery is... Continue Reading →
(Reuters) - Argentina's President Alberto Fernandez will sign a decree in the next few weeks to push forward construction of a major new gas pipeline system in the country's huge Vaca Muerta shale formation, a government source told Reuters, a key move to boost gas exports. The timeline and plans for a decree, previously unreported,... Continue Reading →
Oil majors Chevron and Shell have worked out a farm-out agreement for Block 5, located offshore Suriname. Suriname’s national oil company Staatsolie revealed on Friday that Chevron Exploration Suriname Limited (CESL), a subsidiary of Chevron, transferred to Shell one-third (20 per cent) of its 60 per cent equity interest in the block for which it has... Continue Reading →
(Reuters) - The United States is set to become the world's biggest liquefied natural gas (LNG) exporter in 2022, surpassing Qatar and Australia, and may hold that title for years to come. In a year when China and other large economies in Europe and Asia scrambled to source enough supply for heating and power generation,... Continue Reading →
The National Petroleum Agency (ANP) suggested to the Administrative Council for Economic Defense (CADE) that it reject the sale of 51% of Petrobras in Gaspetro to Compass. In the ANP's assessment, the operation does not meet the objectives of the Term of Assignment of Conduct (TCC) signed between CADE and Petrobras, since Compass (part of... 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 a contract for the sale of its total stake in the concession PAR-T-198_R12, located onshore, in the Paraná Basin. The total value of the transaction is US$ 31 thousand and the... Continue Reading →
Malaysian FPSO contractor Yinson has signed a Letter of Intent with the Brazilian oil company Enauta Energia for the provision, operation, and maintenance of an FPSO at Enauta's Atlanta field in the Santos Basin, offshore Brazil. Enauta has been producing oil from the field using the FPSO Petrojarl I as an Early Production System, and has... Continue Reading →
Italian subsea power cable maker Prysmian said Friday it had secured contracts worth $900 million in the U.S. offshore wind market. Both projects have been awarded by Vineyard Wind, a joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners (CIP)- Worth around $300 million, the first cabling project will connect the 804 MW Park City... Continue Reading →
After the repairs were carried out on the export pipeline’s subsea valve, the Brazilian oil and gas giant Petrobras has resumed gas production from the Manati field, located offshore Brazil. Petrobras, as the operator of the Manati field – located in the Camamu Basin, in the state of Bahia – reported last week that the production of gas... Continue Reading →
Brazil Energy Insight 