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(Reuters) - China Petroleum & Chemical Corp (600028.SS), reported 25% surge in net income for the first quarter of 2022, a level last seen in the third quarter of 2020, thanks to elevated crude oil prices but weakening fuel demand as tight COVID controls weighed. Asia's top oil refiner, also known as Sinopec, reported 22.61 billion... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 04/19/2022, informs that it received today, at sight, the updated payment of R$ 4.7 billion from Total Energies EP Brasil Ltda. - TotalEnergies, referring to the 22.5% share in the Atapu compensation. The Atapu block was acquired by the consortium composed by Petrobras... Continue Reading →
(PN) Bureau Veritas announced that it has taken over the internal audit of the Operational Management System of the onshore and offshore installations of the oil company 3R Petroleum. The company will be responsible for evaluating the compliance of the company's operations based on the technical regulations of the National Petroleum Agency (ANP). In addition,... Continue Reading →
Majority of offshore wind projects now undergoing licensing process for environmental investigations in Brazil are listing 15 MW as the wind turbine capacity of choice. While there are a few variations in references to the 15 MW turbine technology planned to be used, most of these are listed as Vestas’s model with a 236-metre rotor diameter, for... Continue Reading →
Brazilian oil and gas company PetroRio is gearing up to start its revitalisation campaign offshore Brazil with Ocyan’s rig after its drilling programme for the Frade field received a green light from the country’s oil and gas regulator. Located in the Northern Campos Basin off the coast of Brazil, the Frade field is a subsea... Continue Reading →
(Reuters) - Some U.S. oilfield firms whose Venezuelan operations were frozen by sanctions are joining an appeal to Washington for authorizations to restart oil drilling in the South American country, according to eight sources with knowledge of the talks. If they are allowed to resume work, Venezuela could quickly ramp up production capacity beyond 1... Continue Reading →
(Reuters) - A judge in the Colombian city of Barrancabermeja on Thursday suspended an environmental license granted to a hydraulic fracturing - or fracking - pilot project, on the grounds that local communities were not properly consulted. Colombia's majority state-owned oil company Ecopetrol (ECO.CN) and partner U.S. oil major Exxon Mobil Corp (XOM.N) were given the green light to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/20/2021 and 12/30/2021, informs that it has today concluded the sale to the company Ubuntu Engenharia e Serviços Ltda (Ubuntu) of its total stake in blocks PAR-T-198 and PAR-T-218, located in the Paraná Basin. After compliance with all the precedent conditions and approval... Continue Reading →
(Reuters) - Argentina has extended a concession held by energy firms Total Austral, Wintershall Dea Argentina and Pan American Sur for 10 more years until 2041, and approved an investment plan for $700 million, according to a government decree published on Tuesday. The extension for exploring conventional oil and gas in the 1,900 square kilometers... Continue Reading →
(PetroleoHoje) From a list of 195 fields, 71 have already have their royalties reduced according to ANP Resolution No. 853/2021, which allows the reduction of the royalty rate to 5%, in the case of fields granted to small companies, and to 7, 5%, for fields operated by medium-sized companies, if they comply with the requirements... Continue Reading →
Brazil Energy Insight 