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(Reuters) -Energy group BP said on Tuesday it expects to have hit its $35 billion net debt target in the first quarter of this year, sooner than expected and paving the way for it to deliver on its promise of buying back shares. “This is a result of earlier than anticipated delivery of disposal proceeds... Continue Reading →
Companies interested in joining Routes 1, 2 and 3, pre-salt gas pipelines responsible for connecting the largest pre salt fields in the cluster off the coast of São Paulo and Rio de Janeiro, should remain on hold. Petrobras abandons IPO strategy due to simpler modeling, but operation may still be postponed to 2022. Source: PetroleoHoje
Orders for production floaters have bounced back over the past month driven by rising crude prices, according to Jim McCaul, head of offshore business intelligence firm World Energy Reports. McCaul bases his assessment on data in a new floating production systems report prepared by World Energy Reports. The report provides details for 206 floater projects... Continue Reading →
The company estimates to disburse resources in exploration, development and production in the order of U$ 40 million in 2021 and U$ 105 million for 2022. The projection has a variation margin of 20% negative or positive. Of the total set aside for this year, US$ 19 million will go to the Atlanta field, including... Continue Reading →
The ANP published the twentieth edition of the Annual Bulletin of Resources and Reserves (BAR), with consolidated information on the Brazilian oil and natural gas reserves declared in 2020. In this edition, reserve data per unit of the federation, the proportion of proven, possible and probable reserves by basin, accumulated production by basin and state... Continue Reading →
(Reuters) - The Biden administration aims to transform the United States into the world’s leading producer of energy from offshore wind after years of lagging behind Europe, a senior official said on Wednesday. President Joe Biden’s cabinet earlier this week unveiled a plan to boost the industry that promised new acreage, faster permitting, and billions... Continue Reading →
(Reuters) - Colombia has provisionally approved U.S. oil company ExxonMobil Corp’s plan to develop a pilot project for hydraulic fracturing, known as fracking, in the country’s Valle Medio del Magdalena basin, the oil regulator said on Wednesday. With the Platero investigative project ExxonMobil becomes the second company to begin a fracking pilot project in Colombia,... Continue Reading →
(Reuters) - Exxon Mobil Corp expects rising first-quarter results across its three major businesses, with an at least $2 billion improvement from prices for oil and gas driving profits, the company signaled in a securities filing on Wednesday. The largest U.S. oil producer last year posted four consecutive quarterly losses as falling oil prices and... Continue Reading →
3R Petroleum (RRRP3) raised R$ 822.8 million with a new issue of shares (follow-on), four months after debuting on the Stock Exchange with an IPO that raised R$ 690 million. According to the relevant fact, R$ 559.5 million will go to the capital account of the oil company, and R$ 263.3 million will remain in... Continue Reading →
A Stena Drilling-owned drillship, Stena IceMAX, has arrived in Mexico ahead of its contract with the Spanish oil company Repsol. In a social media update on Wednesday, Stena Drilling said that the Stena IceMax rig had arrived in Tampico, Mexico to finalise preparations for its upcoming contract with Repsol. Repsol awarded the contract to the Stena drillship... Continue Reading →
Brazil Energy Insight 