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September 11, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release dated June 10, 2020, informs the beginning of the binding phase regarding the sale of a part of its interest in the exploratory blocks, belonging to the concessions ES-M-596_R11, ES-M-598_R11, ES-M-671_R11, ES-M-673_R11 and ES-M-743_R11, located in the Espírito Santo Basin. Potential buyers... Continue Reading →
Sept 11, 2020 The ANP board approved the review of the exploration plan for the Titã block, located in the Santos Basin pre-salt. The drilling of an exploratory well, initially planned for this year, was postponed to 2021. The extension was requested by ExxonMobil, the block's operator. “ExxonMobil cites economic impacts imposed by the pandemic... Continue Reading →
Sept 11, 2020 Offshore vessel provider Siem Offshore has been awarded contracts for two of its vessels by Total for operations in Brazil. Siem Offshore said on Friday that the Siem Atlas and Siem Giant vessels have each been awarded a two-year contract with two yearly options. Both vessels will start the contract in September... Continue Reading →
Sept 10, 2020 Petrobras has been announcing to the market the sale of several oil and natural gas exploration and production assets, especially fields located on land or in shallow waters. The Ministry of Mines and Energy (MME) clarifies that the decision rests exclusively with the Company and is part of its strategy of portfolio... Continue Reading →
Sept 10, 2020 Even the cleanest fossil fuel is losing its appeal to rich nations. Just a few years ago, natural gas was hailed as vital for the transition toward an economy that runs on renewable energy. But sentiment is changing and the fuel is going the same way as coal, its dirtier sibling shunned... Continue Reading →
Sept 10, 2020 The board of the National Petroleum Agency (ANP) gave the go-ahead this afternoon (10) for Petrobras to sell its 30% stake in the Frade field to PetroRio. The transaction raised US $ 100 million and was announced at the end of last year. PetroRio awaited the approval of the deal by the... Continue Reading →
September 10, 2020 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with the provisions of Law No. 6,404, of December 15, 1976, as amended, and the Securities and Exchange Commission (“CVM”) Instruction No. 358, of January 3, 2002, as amended, informs its shareholders and the market in general of a proposed offering of... Continue Reading →
September 10, 2020, by Bojan Lepic Paul Singer’s investment management firm Elliott Management will push for Noble Energy to abandon plans to sell itself to oil major Chevron, believing that the deal undervalues the oil and gas producer. Paul Singer; Source: Elliott Bloomberg said in an article on Wednesday, quoting people familiar with the matter, that Elliott... Continue Reading →
Sept 10, 2020 Norwegian company Equinor and the British oil giant BP have entered into a strategic partnership to develop offshore wind projects in the US. Under the agreement, BP will buy a 50% stake in Equinor's Empire Wind and Beacon Wind assets on the US east coast for a total consideration before adjustments of... Continue Reading →
Sept 9, 2020 Hess Corp's chief executive on Wednesday said he is optimistic the recently elected government of Guyana will issue by the end of September a production license for the third phase of a major offshore oil project. The South American nation has become one of the most important new oil and gas discoveries in the... Continue Reading →
Brazil Energy Insight 