ExxonMobil’s search for more hydrocarbons offshore Guyana continues with a new campaign targeting the Lau Lau-1 well site located at the prolific Stabroek Block where it has found more than 10 billion barrels of oil equivalent since 2015. The Noble Sam Croft will be engaged in drilling activities at this new prospect which is situated... Continue Reading →
Brazil is a priority in Equinor’s global portfolio
(Valor) In a strategic repositioning process, with an eye on the energy transition, Equinor decided to halve the number of countries where it operates in the oil and gas sector. In Brazil, on the contrary, the idea is to continue to grow. After announcing, this year, investments of US$ 8 billion - together with ExxonMobil... Continue Reading →
Oil CEOs urge caution over energy transition policy
(Reuters) - Top energy executives this week urged a more cautious transition of energy policy away from oil and gas, but a U.S. Energy Department official said the industry has a moral obligation to address climate change and the economic opportunity it represents. Executives from Saudi Aramco, Exxon Mobil and Chevron, speaking at the World... Continue Reading →
Petrobras concludes the sale of the Miranga Cluster
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/24/2021, informs that it concluded today the sale of its total stake in nine onshore exploration and production fields, jointly called Miranga Cluster, located in the state of Bahia, to SPE Miranga S.A., a wholly owned subsidiary of PetroRecôncavo S.A. (PetroRecôncavo). After compliance... Continue Reading →
3R Petroleum Production Data November 2021
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 November 2021 in the assets that the Company holds participation. (1) Refers to 3R's participation in Macau Cluster concessions after discounting Galp's 50% stake... Continue Reading →
PetroRio November 2021 Operational Data
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of November. Obs.: (1) Frade figures account for a 70% interest in the Frade Field until February 4 and 100% interest as of February 5, when the Company announced... Continue Reading →
Global oil CEOs stress need for fossil fuels despite push for cleaner energy
(Reuters) - A global energy conference devoted to future technologies and low-carbon strategies kicked off in Houston on Monday with top executives from energy companies affirming the need for more oil for decades to come. The World Petroleum Conference's four days of discussion started with chief executives from Exxon Mobil Corp (XOM.N), Chevron Corp (CVX.N) and Halliburton Co (HAL.N),... Continue Reading →
Chevron gains extension for block offshore Angola through 2050
Cabinda Gulf Oil Company Limited (CABGOC), an affiliate of Chevron in Angola, has secured an extension of the Block 0 concession, off the coast of Cabinda province in Angola. Chevron stated on Monday that the agreement extends the concession for 20 years, through 2050. Under the renewed agreement, CABGOC will remain the operator with a 39.2... Continue Reading →
Petrobras Seeks 400 Capacity Flotel
(PetroleoHoje) Petrobras launched a tender for the charter of a new flotel (Maintenance and Services Unit) for the Campos, Santos and Espírito Santo basins. Companies interested in the contract may only offer DP2 or DP3 semi-submersible units, with accommodation for 400 people. The flotel required by the oil company will only enter into operation between... Continue Reading →
Zurich AirPorts wants to make Macae Airport into a top offshore services unit
Main logistical support base for units operating in exploration and production in the Campos Basin, Macae Airport announced the launch of a package of services that innovates assistance in the operations of offshore flights. Established through concepts of safety, quality and efficiency applied by Zurich AirPorts in different air bases around the world, the "Offshore... Continue Reading →