Petróleo Brasileiro S.A. – Petrobras, in compliance with Article 12 of CVM Resolution No. 44, of 08/23/2021, informs that it was communicated by Goldman Sachs & Co. LLC, a subsidiary of The Goldman Sachs Group, Inc., by Goldman Sachs International, and other subsidiaries of The Goldman Sachs Group, Inc., namely Goldman Sachs do Brasil Banco... Continue Reading →
TotalEnergies Sells Gabon Terminal, Offshore Fields to Perenco for $350M
(OE) French oil major TotalEnergies has completed the sale of the Cap Lopez Terminal and non-operated offshore field in Gabon to Perenco. "After receiving the approval of Gabonese authorities, TotalEnergies announces the closing of its agreement to divest to Perenco Oil and Gas Gabon the Cap Lopez Terminal and non-operated assets of its 58%-owned affiliate TotalEnergies EP Gabon," TotalEnergies said Thursday. With the transaction valued at $350 million before final adjustment, TotalEnergies EP Gabon... Continue Reading →
Offshore Renewable Energy: A Port Puzzle for Floating Offshore Wind
After being very much on the margins of the offshore wind industry, floating offshore wind now appears to be ready to hit the mainstream. With gigawatt scale developments already on the horizon, what will the infrastructure needed to build and support them look like? (OE) Over the past 12 months, the floating offshore wind sector... Continue Reading →
Karoon updates Brazil rig delivery schedule
Maersk Drilling expects to deliver the semisubmersible Maersk Developer for operations on Karoon Energy’s projects offshore Brazil between April 15 and May 15, 2022. However, the program remains subject to the receipt of regulatory approvals. Karoon plans to use the rig for its Baúna intervention campaign and Patola field development, which should boost the company’s production by 15,000-20,000 b/d... Continue Reading →
Brazil is a priority in Equinor’s global portfolio
(Valor) In a strategic repositioning process, with an eye on the energy transition, Equinor decided to halve the number of countries where it operates in the oil and gas sector. In Brazil, on the contrary, the idea is to continue to grow. After announcing, this year, investments of US$ 8 billion - together with ExxonMobil... Continue Reading →
Chevron gains extension for block offshore Angola through 2050
Cabinda Gulf Oil Company Limited (CABGOC), an affiliate of Chevron in Angola, has secured an extension of the Block 0 concession, off the coast of Cabinda province in Angola. Chevron stated on Monday that the agreement extends the concession for 20 years, through 2050. Under the renewed agreement, CABGOC will remain the operator with a 39.2... Continue Reading →
Oil Workers Unions Protest Against Sale of Petrobras Refineries and Threaten a National Strike
Unions of oil workers across the country, linked to the Single Federation of Oil Tankers (FUP), held a national act of protest in front of Petrobras refineries located from north to south of Brazil, in protest against the privatization of the company's refining units. The movement began at the Landulpho Alves Refinery (RLAM), in Bahia,... Continue Reading →
Oil market hit by wave of hedge fund liquidation: Kemp
(Reuters) - Fears over the Omicron coronavirus variant's impact on international aviation and other sources of oil demand have prompted massive liquidation of previously bullish hedge fund positions. Hedge funds and other money managers sold the equivalent of 131 million barrels in the six most important petroleum futures and options contracts in the week to... Continue Reading →
Petrobras clarifies news about fuels price adjustments
Petróleo Brasileiro S.A. – Petrobras, in relation to the pieces of news published in the media regarding expectations of new adjustments in fuel prices, clarifies that adjustments in product prices are made in the normal course of its business and follow its current commercial policies. Petrobras reiterates its commitment to the practice of competitive prices... Continue Reading →
3R Petroleum – Cancellation of the 1st Debenture Issuance
3R PETROLEUM ÓLEO E GÁS (“Company”) (B3: RRRP3), pursuant to the provisions of Articles 74 and 157, Paragraph 4 of Law 6.404/76 and the provisions of Brazilian Securities and Exchange Commission (“CVM”) Resolution No. 44, dated of August 23, 2021 and in complement of the material fact published by the Company on August 27, 2021,... Continue Reading →
Brazil Energy Insight 