Petrobras returns to the World Economic Forum’s anti-corruption initiative

September 9, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has again become a signatory to the anti-corruption initiative Partnering Against Corruption Initiative (PACI) of the World Economic Forum. PACI is the leading international anti-corruption organization with compliance officers from large multinationals, international organizations and governments. The initiative acts as a global platform for... Continue Reading →

September 10, 2020 0

Hess CEO ‘Optimistic’ new Guyana Gov’t Will Approve Payara Project Soon

Sept 9, 2020 Hess Corp's chief executive on Wednesday said he is optimistic the recently elected government of Guyana will issue by the end of September a production license for the third phase of a major offshore oil project. The South American nation has become one of the most important new oil and gas discoveries in the... Continue Reading →

September 9, 2020 0

Petrobras on Relevant Shareholding Position

September 8, 2020 Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, reports that it was notified today by Capital Research Global Investors (CRGI), independent investment division of Capital Research and Management Company, that it has acquired preferred shares issued by the company and it manages... Continue Reading →

September 9, 2020 0

Mexico Is Cutting Pemex’s Oil Output Forecast in Latest Setback

Sept 8, 2020 Mexico is cutting its 2021 forecast for oil production at Petroleos Mexicanos by 8.4% as the state producer struggles under a $107 billion debt load and the impact of the deadly coronavirus. The country’s Finance Ministry lowered its preliminary estimate for output next year to 1.857 million barrels a day, down from... Continue Reading →

September 9, 2020 0

Rosneft gets more time in the Solimões Basin

Sept 8, 2020 The ANP board approved the postponement of the declaration of commerciality of the Discovery Assessment Plan (PAD) for wells 1-HRT-2-AM and 1-HRT-8-AM, located in blocks SOL-T-169, SOL-T -170 and SOL-T-192, in the Solimões Basin. With the decision, the company's deadline to declare commercialization of the two-well PAD has been extended to 2025.... Continue Reading →

September 8, 2020 0

Dynamic Panel of Daily Production of Oil and Natural Gas is launched by ANP

Sept 8, 2020 The Panel uses a business intelligence (BI) tool to present daily production information for wells, fields and installations. The new panel, with daily data, complements the Dynamic Panel for the Production of Oil and Natural Gas, launched by the ANP in 2019, which brings consolidated monthly data. By presenting daily data, the... Continue Reading →

September 8, 2020 0

PETRO RIO (PRIO3) IS INCLUDED INTO BOVESPA INDEX (B3)

September 8, 2020 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3) informs its shareholders and the market in general that, on the present date, its shares were included into the portfolio of Bovespa Index (“Ibovespa” or “IBOV”), principal index of B3, composed of shares with the highest traded volume in the past 12 months. PetroRio’s... Continue Reading →

September 8, 2020 0

Offshore wind energy project in Rio Grande do Norte in Brazil

The proposal aims to implement an offshore wind farm in Rio Grande do Norte, with an area of 300 km², 52 wind turbines with 12 MW of installed power, in addition to two electrical substations The construction wind power project of an offshore wind farm in Rio Grande do Norte is getting closer and closer... Continue Reading →

September 7, 2020 0

Europe Could Invest $35B in CCS by 2035, Rystad Says

After years of expensive carbon capture and storage (CCS) studies and test centers, Europe has now reached a phase where large-scale CCS developments make sense financially, Norwegian energy market intelligence group Rystad Energy has said. In a report on Monday, Rystad said that CCS in Europe could trigger up to $35 billion in development spending... Continue Reading →

September 7, 2020 0

Brazil: Total Gives Up on Foz do Amazonas Offshore Blocks

French oil major Total has given up operatorship over five exploration blocks located in the Foz do Amazonas Basin, offshore Brazil. "Total announces that it has notified its partners on August 19 about its resignation from its role of operator for five exploration blocks, located in the Foz do Amazonas Basin, 120 kilometers offshore Brazil,"... Continue Reading →

September 7, 2020 0