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(Reuters) Mexico's oil regulator and state company Pemex are at odds over how to develop a deepwater natural gas project, eight people close to the matter said, threatening to stall a $1.5 billion energy venture. Officials at regulator National Hydrocarbons Commission (CNH) have raised questions about whether Petroleos Mexicanos can shoulder the massive project, the... Continue Reading →
Brazilian oil company Prio will continue to assess the purchase of some assets from state-owned Petrobras even after a deal for its Albacora offshore oilfield fell through, Prio's finance chief told Reuters on Tuesday. Petrobras has in recent years sold off dozens of oil fields, as well as refineries, pipelines, gas station chains and other... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for August 2022 in the assets that the Company holds participation. The Company is the operator of Macau, Areia Branca, Fazenda Belém, Rio Ventura, Recôncavo... Continue Reading →
The decision was made by the Superintendence of the Administrative Council for Economic Defense (Cade). In Block C-M-657, Equinor holds a 30% stake, as does Petrobras. ExxonMobil owns a 40% interest. In Block C-M-709, Equinor holds a 20% stake, while Petrobras and ExxonMobil each hold 40%. In the documentation delivered to Cade, it is not... Continue Reading →
(Bloomberg) — Nigeria lost its crown as Africa’s largest crude producer as Angola surpassed the country for the first time in more than five years. Angola’s average daily output in August of 1.17 million barrels was more than Nigeria’s at 1.13 million barrels, according to Bloomberg’s survey of monthly OPEC output. The last time that... Continue Reading →
Petro Rio S.A. (“PRIO”) (B3: PRIO3) informs that it has received a notice from Petroleo Brasileiro S.A. (“Petrobras”) informing of the termination of the Albacora Field (“Field” or “Albacora”) divestment process, as the parties have not reached an agreement regarding the valuation of the asset.Despite Albacora’s potential, PRIO believes that a transaction with values above... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/16/2022, informs the extension of the deadlines, contained in items AA and AC of the teaser, for the expression of interest in participating in the opportunity to sell 40% of its interest in the BM-POT-17 exploratory concessions, where the Discovery Assessment Plan for... Continue Reading →
(OE) Mexican senators will consider a new head of the country's powerful oil regulator, according to legal announcements to lawmakers dated Wednesday and Thursday, after the current head abruptly resigned. National Hydrocarbons Commission (CNH) President Rogelio Hernandez resigned effective at the end of last month, well before his seven-year term was set to expire in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on11/05/2021, informs that its Executive Board approved today the end of the competitive process for the sale of the Albacora concession, which will be maintained in its entirety in Petrobras' portfolio. The company was negotiating with PetroRio S.A. for the sale of the field.... Continue Reading →
(TN) The basins of the North and Northeast of Brazil may be the new great frontiers of the country's oil. WesternGeco has announced a new “Reimaging” project of 60,000 kilometers of high resolution 2D data in the Brazilian Equatorial Margin, covering the Foz do Amazonas, Pará-Maranhão, Barreirinhas and Ceará basins. The project will apply advanced... Continue Reading →
