PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3) announces its earnings for the fourth quarter of 2024 and the year of 2024. HIGHLIGHTS OF THE YEAR Click here for the Earnings Release.
PRIO 4Q24 & 2024 Earnings Release
PRIO 2025 Reserves Certification
PRIO S.A. ("Company" or "PRIO") hereby informs its shareholders and the general market that it has published a new reserves certification of the Company, prepared by DeGolyer & MacNaughton ("D&M"), dated January 1, 2025, which includes the reserves of the Polvo and TBMT cluster, Frade and Wahoo cluster and Albacora Leste field. To the Peregrino... Continue Reading →
Guyana Pulls the Plug on Frontera-CGX JV – Exxon Stays Winning
(oilprice.com) Guyana’s government has officially yanked the plug on the Frontera-CGX joint venture, canceling its oil prospecting license for the Corentyne block. The writing had been on the wall since February, when officials gave the JV a 30-day warning. Now, it’s official. The Corentyne block was supposed to be a much-needed diversification play in Guyana’s... Continue Reading →
Argentina’s Vaca Muerta Fuels Oil Production Surge
(oilprice.com) Argentina’s controversial president Javier Milei, a self-described anarcho-capitalist, on taking office enacted strict austerity measures to rein in rampant triple-digit inflation, kick-start the economy and slash a massive fiscal deficit. While it is too early to tell if Milei has reversed decades of economic mismanagement there are promising signs of a miracle emerging. Inflation has plummeted... Continue Reading →
Argentina YPF to get rid of offshore exploration projects, CEO says
(Reuters) - Argentina's energy company YPF wants to speed up a divestiture plan that includes selling controlling stakes in offshore exploration projects in Argentina and Uruguay, reducing its presence in mature fields and later offering a gas distribution company for sale, chief executive officer Horacio Marin said. YPF has exploration rights in seven offshore areas,... Continue Reading →
Brava Energia Production Data February 2025
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), informs its investors and the market in general the preliminary and unaudited production data for the month of February 2025. Brava reached a record production level in February, registering a significant increase when compared to the previous month. This result is linked to the investments and improvements... Continue Reading →
Petrobras announces test in Colombia
Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 08/05/2024, 10/03/2024 and 12/05/2024, informs about the Drill Stem Test (DST) in the Sirius-2 well, located in deep waters in Colombia, 31 kilometers off the coats and at a water depth of 804 meters. The DST assessed to approximately 100 meters reservoir interval,... Continue Reading →
MODEC cheers new ‘milestone’ for Brazil-bound FPSO Raia as workforce earns brownie points
(offshore-energy.biz) Japanese giant MODEC has achieved further progress in the construction of a floating production, storage, and offloading (FPSO) destined for a big upcoming natural gas project off the coast of Brazil, thanks to the workers hired to turn the unit plan into reality, hitting 1 million work hours without lost time injury (LTI) and lost... Continue Reading →
Guyana and ExxonMobil to Start Talks Over Tax Dispute
(Reuters) Guyana's Natural Resources ministry has ordered the country's tax agency to begin a dispute resolution with Exxon Mobil over the recovery of some $214 million in expenses registered by the U.S. oil major. Expenses reported by Exxon as part of its operations at the massive Stabroek offshore block are closely monitored because a consortium... Continue Reading →
Ecuador awards oil contract to Chinese-led group to boost ‘crown jewel’ project
(Reuters) - Ecuador's government awarded an onshore oil contract to a consortium led by China's state-owned producer Sinopec on Monday, in a push to grow crude output from the country's Sacha block. The block is Ecuador's most productive, located in the country's northeastern Amazonian province of Orellana. It pumped 77,000 barrels per day (bpd) last year.... Continue Reading →
Brazil Energy Insight 