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Petróleo Brasileiro S.A. – Petrobras, following up on the press releases disclosed on 11/19/2019 and 11/18/2020 informs that it has concluded today the sale of the totality of its stake in Liquigás Distribuidora S.A. (Liquigás) to Copagaz - Distribuidora de Gás S.A. (Copagaz) and Nacional Gás Butano Distribuidora Ltda. (Nacional Gás). After fulfilling all the... Continue Reading →
Mexico's energy ministry has approved a 60-day extension for talks between state oil company Pemex and a private consortium led by U.S.-based Talos Energy Inc over the future of a massive shared crude deposit, Talos chief executive Tim Duncan told Reuters on Tuesday. The energy ministry's previous deadline for a deal on an initial so-called... Continue Reading →
Petrobras will take over the operation of block FZA-M-59, in the Foz do Amazonas Basin, and will be the main operator responsible for the areas contracted in deep waters in the region in 2013, in the 11th round. The information is from the National Agency of Petroleum, Gas and Biofuels (ANP), which approved the change... Continue Reading →
Oil giant Shell has extended the contract for the lease of SBM Offshore's Espirito Santo FPSO in Brazil. SBM Offshore is also in talks with ExxonMobil to extend the FPSO terms in Guyana. The Dutch FPSO operator said Wednesday that the lease and operation contracts with Shell of the FPSO Espirito Santo would be extended... Continue Reading →
The company announced on Tuesday news of chances in the high command in Brazil. The executive Veronica Rezende Coelho will start as president of the company in Brazil as of February 1st. She will assume the role that is being performed on an interim basis by Leticia Andrade, who has been in command since the... Continue Reading →
PetroRio S.A. (“Company” or “PetroRio”), in accordance with best corporate governance practices and transparency, and in order to maintain informational equity in view of the possible share offering disclosed in the Material Fact of December 15, 2020, informs its shareholders and the market in general about recent events of the Company. Long-Term Financing -... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has confirmed oil of excellent quality with the drilling of well 9-BUZ-48D-RJS, located in the extreme northwest of Búzios field in the Santos Basin. The well is located 188 km from the city of Rio de Janeiro and was drilled at a water depth of 1,850... Continue Reading →
The oil company announced to its shareholders this morning that it will assume the entire stake in the Atlanta Field, in the BS-4 block of the Santos Basin. Looking to the future, the company is now preparing to start a bidding process to contract the definitive FPSO for the field - which today has an... Continue Reading →
Norway-based offshore vessel owner Solstad Offshore said Monday it has secured a contract extension for one of its vessels in Argentina. The contract extension is for the construction support vessel Normand Commander, with Bahia Grande LN S.A. Under the three-year extension, the vessel will now remain with Bahia Grande until October 2026. Solstad Offshore did... Continue Reading →
Royal Dutch Shell on Monday said it will write down the value of oil and gas assets by $3.5 billion to $4.5 billion following a string of impairments this year as it adjusts to a weaker outlook. In an update ahead of its fourth quarter results on February 4, Shell said the post-tax charge was... Continue Reading →
Brazil Energy Insight 