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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 May 2022 in the assets that the Company holds participation. (1) Macau Cluster production was impacted by a drop in energy supply during the... Continue Reading →
(Reuters) Suriname's state oil company Staatsolie plans to hold an auction for deepwater offshore blocks at the end of 2022 and another for shallow water blocks in mid-2023, the company's managing director told Reuters. The South American nation is a small onshore crude producer that is hoping to begin offshore output but has yet to... Continue Reading →
Challenger Energy, the company previously known as the Bahamas Petroleum Company, has formally signed a license agreement for the AREA OFF-1 petroleum license offshore Uruguay. The AREA OFF-1 license has a total area of approximately 15,000 km2 and is situated in water depths from 20 to 1000 meters, approximately 100 kms off the Uruguayan coast.... Continue Reading →
Saipem has been contracted by Shell and Petrobras for the utilisation of its FlatFish subsea drone in two pilot projects involving the inspection campaigns of two ultra-deepwater fields offshore Brazil, operated by the two energy companies. The two projects with Shell and Petrobras are pilots within the framework of the research and development program of... Continue Reading →
(Reuters) U.S.-based oil producer Talos Energy has temporarily suspended pursuit of an arbitration claim against Mexico amid high-level talks over one of the country's flagship offshore projects, five people close to the matter said. The dispute erupted after Mexico selected state-run Petroleos Mexicanos (Pemex) as the operator of their shared 850-million-barrel Zama field ahead of Talos,... Continue Reading →
(OE) Utilization is one of the key barometers of the health of the offshore rig market, as it identifies what percentage of the usable fleet is available versus what is not. While there has been much excitement over the past year regarding rapidly increasing offshore rig utilization (and dayrates), it appears the true extent of... Continue Reading →
(Reuters) - TotalEnergies (TTEF.PA) has launched the sale of its 10% stake in Nigerian joint venture SPDC, with Canada's Scotiabank leading the sale as financial adviser, a sale document tendering for interest showed. TotalEnergies announced the sale in late April. Scotiabank declined to comment. TotalEnergies declined to comment on the financial adviser. TotalEnergies confirmed it was selling... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3) communicates to its shareholders, investors and the market in general the result of the updates of the reserves reports of the Macau and Recôncavo Clusters, prepared by the independent consultancy DeGolyer and MacNaughton, and of the Rio Ventura, Fazenda Belém and Pescada and Arabaiana... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 04/11/2022, informs that today it started the binding phase regarding the sale of its total participation in the Tartaruga field, located in shallow waters of the Sergipe-Alagoas Basin, state of Sergipe. Potential buyers qualified for this phase will receive a process letter with... Continue Reading →
(epbr) 3R Petroleum is approaching global trading companies interested in joining the Potiguar Cluster as partners. The company intends to deepen the studies on the financial evaluation of the cluster's infrastructure assets, before taking a decision on a potential partnership. In January, the company signed a contract with Petrobras, in the amount of US$ 1.38... Continue Reading →
Brazil Energy Insight 