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(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 →
(Offshore Energy) The invasion of Ukraine has led to tighter gas supplies, higher prices, and an uncertain outlook, resulting in a downward revision to the International Energy Agency’s forecast for gas demand this year. According to the IEA’s quarterly update from late last week, the world’s demand for natural gas is set to decline slightly in 2022... Continue Reading →
Navitas Petroleum has agreed to farm into the Sea Lion oil field development project offshore the Falkland Islands. Back January 2020, Premier Oil as the Sea Lion operator, and Rockhopper, as the partner in the project, signed non-binding heads of terms with Navitas Petroleum, with a goal of Navitas eventually obtaining a 30% interest in... Continue Reading →
(WO) Petro-Victory Energy Corp. secured 19 new oil and gas blocks in the company's core operating area, the Potiguar Basin onshore Brazil, the company announced. This acquisition cements Petro-Victory's status as one of the largest landholders in the highly petroliferous basin. Petro-Victory secured the blocks by participating in the Agencia Nacional do Petroleo Gas Natural e... Continue Reading →
The Brazilian Institute of the Environment (Ibama) granted Petrobras the operating license for the FPSO Guanabara, the first definitive unit in the Mero field, in the Santos Basin. The document will be valid for eight years. The platform ship arrived at the field in February to carry out operational tests. The FPSO Guanabara was converted... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Annual General Meeting, held on 04/13/2022, exclusively under the digital format, analyzed and approved, by majority vote, the following: ANNUAL GENERAL MEETING I. Assessing the Management’s accounts, examining, discussing and voting on the Management’s Report and the Company’s Financial Statements, with the report from the independent auditors... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), pursuant to CVM Resolution No. 44, informs its shareholders, investors and the market in general that it participated in the 3rd Cycle of the Permanent Offer of the National Petroleum, Natural Gas and Biofuels Agency (“ANP”), on this date, and acquired the concession right... Continue Reading →
Brazil Energy Insight 