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Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 05/24/2022, informs that it has celebrated a new addendum to the natural gas purchase contract with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB). The addendum signed today refers to the commitment profile for deliveries by YPFB of the gas volumes contracted by Petrobras, as a... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3:RRRP3) informs its investors and the market in general that on August 5, 2022, the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) approved the transfer of concession contracts for two onshore production fields that form the Fazenda Belém Cluster, owned by Petróleo Brasileiro S.A.... Continue Reading →
(Reuters) - An oil and gas industry study commissioned by the campaign of former President Luiz Inacio Lula da Silva for the October elections will recommend bolstering Petrobras' refining capacity, including through the reversal of refinery privatizations, one of the study's authors told Reuters. The study also proposes new investments and the resumption of refinery... Continue Reading →
The ANP published the Monthly Bulletin of the Production of Oil and Natural Gas, with the consolidated data of the national production in the month of June. Approximately 2,828 MMbbl/d (million barrels per day) of oil and 133 MMm3/d (million cubic meters per day) of natural gas were produced, totaling 3,664 MMboe/d (million barrels of... Continue Reading →
Dutch FPSO leasing specialist SBM Offshore has ordered its latest Fast4Ward multi-purpose floater hull as it marked a new record level order book at $31.1 billion. The latest Fast4Ward floating production unit (FPU) is expected to be delivered in 2024, the firm said yesterday in its half year earnings. It also said it could have... Continue Reading →
The Cidade de Anchieta FPSO remains shut down, six months after oil was observed close to the vessel during operations for Petrobras in the Espirito Santo Basin offshore Brazil. In its latest results statement, SBM Offshore said an estimated 191 cu. m of oil was released to the sea. The vessel, which had been operating in the Parque das Baleias area, is currently... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) said on Thursday it will reduce refinery gate diesel prices by 3.5% starting Friday, the first price cut for the fuel in more than a year. Petroleo Brasileiro SA (PETR4.SA), as the company is formally known, said in a statement on its website that diesel prices will drop to 5.41... Continue Reading →
(Reuters) - Colombia's majority state-owned oil company Ecopetrol reported record net profit for both the second quarter and the first half of 2022 on Wednesday after earnings benefited from soaring prices and increased production. Ecopetrol's net profit for the three months to June 30 stood at 10.5 trillion pesos ($2.4 billion), the company said, while... Continue Reading →
Offshore staff (OM) For the month of July, oil and gas discoveries were announced across five offshore regions: the Far East, Middle East, North Sea/Barents, South America, and the US Gulf of Mexico, Esgian reported Aug.2. These regions accounted for seven discoveries. The analyst firm said floating rigs led the way, drilling five of the... Continue Reading →
(OM) Prosafe, an owner and operator of semisubmersible accommodation vessels, said its fleet utilization rate in second-quarter 2022 was 81% (Q2 2021: 65.8%), with five out of seven vessels in full operation throughout the quarter, according to the company's latest quarterly results report. Safe Boreas was working part of the quarter while Safe Scandinavia remains idle. This is the highest... Continue Reading →
