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Sept 16, 2020 Cade approved, without restriction, the acquisition, by OP Pescada (Ouro Preto Oil & Gas subsidiary), of the 65% stake of Petrobras in Polo Pescada, which comprises the fields of Pescada, Arabaiana and Dentão, located in shallow waters of Potiguar Basin. The conclusion of the acquisition makes OP Pescada 100% holder and operator... Continue Reading →
Sept 11, 2020 Only auction of oil and gas exploration and production areas of the year, the second cycle of the Permanent Offer already has a date scheduled. The Special Bidding Commission of the National Petroleum Agency (ANP) scheduled the bidding for December 3. The decision came after the commission approved a declaration of sectors... Continue Reading →
Sept 10, 2020 Petrobras has been announcing to the market the sale of several oil and natural gas exploration and production assets, especially fields located on land or in shallow waters. The Ministry of Mines and Energy (MME) clarifies that the decision rests exclusively with the Company and is part of its strategy of portfolio... Continue Reading →
Mexican national oil company Pemex and Hokchi Energy have begun the first stage of unitization negotiations over a possible offshore shared reservoir in the southern Gulf of Mexico, Mexico's energy ministry told Reuters on Wednesday. The ministry said Pemex, formally known as Petroleos Mexicanos, told it in May that an exploratory well it drilled in... Continue Reading →
3R Petroleum registered with the CVM the IPO request for shares on the Brazilian stock exchange. The objective is to raise funds for new acquisitions of oil fields in Brazil and to sustain investments in the revitalization of assets. Starboard, with a stake in the private equity fund Apollo, holds 52.3% of the capital of... Continue Reading →
Aug 26, 2020 Karoon is analyzing proposals for the supply of subsea goods and services for the Baúna / Patola project, in the shallow waters of the Santos Basin. The scope of the contract involves wet Christmas trees (ANMs), umbilicals, lines and the installation of equipment in the area of Patola, which will be interconnected... Continue Reading →
Over the past four months we have been flooded by news of just how badly the offshore rig market has been hit during the double whammy of the Corona pandemic and oil price fallout. We witnessed what seemed like a never-ending wave of contract cancellations coupled with increasing numbers of contract options being declined, along... Continue Reading →
August 24, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of all of its stakes in a set of twenty-six onshore and shallow water E&P concessions, located in the Potiguar Basin, in the state of Rio Grande do Norte, jointly called Potiguar Cluster.... Continue Reading →
Since 2010, wind energy has seen sustained growth worldwide, with the amount of energy generated by offshore wind increasing by nearly 30% each year. Countries around the world need to ramp up renewable energy supply quickly to meet growing demand and rapidly reduce emissions. Despite this urgency, offshore wind currently provides less than 1% of the... Continue Reading →
August 18, 2020 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in addition to the Material Fact disclosed August 3, 2020, informs its shareholders and the Market in general of the results of the the Revitalization Campaign in the Tubarão Martelo Field (“Field”). The Revitalization Campaign consists of a workover (replacement of submersible pump) in... Continue Reading →
Brazil Energy Insight 