3R PETROLEUM ÓLEO E GÁS (“Company”) (B3: RRRP3), pursuant to the provisions of Articles 74 and 157, Paragraph 4 of Law 6.404/76 and the provisions of Brazilian Securities and Exchange Commission (“CVM”) Resolution No. 44, dated of August 23, 2021 and in complement of the material fact published by the Company on August 27, 2021,... Continue Reading →
TotalEnergies Starts Production from CLOV Phase 2, Offshore Angola
French oil major TotalEnergies said Friday it had started production from the CLOV Phase 2 in Angola, a project connected to the existing CLOV FPSO. Sitting approximately 140 kilometers from the Angolan coast, in water depths from 1,100 to 1,400 meters, the CLOV Phase 2 resources are estimated at around 55 million barrels of oil... Continue Reading →
Brazil produced 3,606 MMboe/d in October
The national production of oil and natural gas in October totaled 3,606 MMboe/d (million barrels of oil equivalent per day), with 2,777 MMbbl/d (million barrels daily) of oil and 132 MMm3/d (million cubic meters) of natural gas. There was a 7.4% reduction in oil production compared to the previous month and 3.3% compared to October... Continue Reading →
Argentina’s YPF nears loan deal to ease $400 mln debt pile next year
(Reuters) - Argentine state energy firm YPF (YPFD.BA) is close to signing a loan deal with a multilateral lender which could cover part of its $400 million debt obligations next year, its chief financial officer said on Thursday, which will free up funds for investment. Alejandro Lew said the loan would inject funds to balance out repayments... Continue Reading →
GRANIHC, OCYAN AND SISNERGY WILL SIGN PETROBRAS PLATFORMS MAINTENANCE CONTRACTS
GranIHC, Ocyan and Sisnergy will sign contracts with Petrobras for maintenance and integrity services of 19 platforms in the Campos Basin. The deal is the result of the oil company's mega-bid, divided into four lots, the total value of which is R$ 1.97 billion. The signing of contracts should take place this week. GranIHC will... Continue Reading →
BUZIOS 8 SURF IS DELAYED FOR TWO WEEKS
(PetroleoHoje) Petrobras has postponed the deadline for delivering the mega-bidding proposals for contracting the SURF system (underwater collection) for the 8th module in the Buzios field. The extension is the second granted by the oil company. Initially scheduled to take place on December 8th, the delivery of proposals is scheduled for December 22nd. The tender... Continue Reading →
EXXONMOBIL TO DRILL IN SERGIPE
(PetroleoHoje) ExxonMobil intends to start in December the drilling of its first exploratory well in Sergipe, at the SEAL-M-428 block, which will also extend to the neighboring area of SEAL-M-351. The oil company, which already has the rig ready to carry out the work, is just waiting for the release of the environmental license to... Continue Reading →
Chevron plans $15 billion spending budget for 2022
U.S. oil major Chevron Corporation has revealed its 2022 organic capital and exploratory spending programme of $15 billion, at the low end of its $15 to $17 billion guidance range and up more than 20 per cent from 2021 expected levels. The company also expects to increase its share buyback programme. As explained by Chevron on Monday, this capital programme... Continue Reading →
TechnipFMC’s Ghana team marks first subsea tree assembly in five years
TechnipFMC’s Takoradi base in Ghana has completed the assembly of its first subsea tree in five years, destined for Tullow Oil’s Jubilee South East development. The tree is the first of ten being manufactured in Dunfermline, the UK, then assembled and tested in-country for Tullow’s full field development (FFD) project. Besides tree assembly, a number... Continue Reading →
Colombia Oil and Gas Auction Attracts 30 Bids with Estimated Value of $148.5M
Colombia received bids for 30 blocks from seven companies during its latest oil and gas auction, the government said on Wednesday, as the Andean country looks to maintain energy self-sufficiency amid a drive to develop renewable sources. The bids have a combined estimated investment value of just over $148.5 million. Colombia counts on the oil... Continue Reading →
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