Brought to you by Quest Offshore & Southern Cone Consultants
(oilprice) Argentina’s shale province has been touted for years as the next Permian that would make the South American country a net exporter of energy after decades of import dependence. The Vaca Muerta shale basin is estimated to be the world’s second-largest shale gas deposit and the fourth-biggest resource of shale oil. However, Argentina’s... Continue Reading →
(Reuters) - Italian energy group Eni (ENI.MI), opens new tab will increase its share buyback programme by 25% to 2 billion euros ($2.2 billion), it said on Friday, after beating third-quarter profit expectations. It reported an adjusted net profit of 1.27 billion euros, topping the 1.08 billion expected by analysts in a poll compiled by the company... Continue Reading →
September 27, 2024 - PRIO S.A. hereby informs its shareholders and the market in general that it has signed today a Sale and Purchase Agreement with SPEP Energy Hong Kong Limited and Sinochem International Oil (Hong Kong) Company Limited (“Sinochem”) for the acquisition of Sinochem Petroleum Netherlands Coöperatief U.A., which indirectly holds a 40% interest in... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA”) pursuant to CVM Resolution No. 44, hereby, and following the material fact issued on March 21st, 2024 hereby informs its investors and the market in general that after fulfillment of all the precedent conditions, and authorization from the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”), the closing of the... Continue Reading →
(Reuters) - Brazilian oil company Prio is in talks with China's oil and chemicals firm Sinochem (SASADA.UL) for the potential purchase of a stake in the Peregrino oil field, it said in a securities filing on Wednesday. No binding agreement has been reached so far, Prio added, after newspaper Folha de S.Paulo reported earlier in the... Continue Reading →
TotalEnergies has started the production from the Fenix gas field, off the coast of Tierra del Fuego in Southern Argentina. The Fenix field, located 60 km offshore, is part of the Cuenca Marina Austral 1 (CMA-1) concession, in which TotalEnergies holds a 37.5% operated interest, alongside its partners Harbour Energy (37.5%) and Pan American Energy... Continue Reading →
(OE) Thailand’s state-owned oil and gas company PTT Exploration and Production (PTTEP) has divested its entire interest in Mexico Block 29, located in deep waters of the Salina Basin offshore Mexico, to the operator Repsol, which has increased its working interest in the block to 46.67%. On September 17, 2024, PTTEP Mexico E&P Limited, a... Continue Reading →
(Reuters) - A ruling from a Colombian court that ordered the suspension of work at a major offshore gas well is a threat to the country's energy security, industry groups the Colombian Petroleum Association (ACP) and Naturgas said on Monday. In a court order dated Sept. 11, a judge said activities at well Uchuva-2, on the... Continue Reading →
(Reuters) - Petrobras' (PETR4.SA), opens new tab new multi-year strategic plan will have greater focus on upstream operations than the previous one, Chief Financial Officer Fernando Melgarejo said on Monday, as the Brazilian state-run firm looks to rebuild oil and gas reserves. Melgarejo told Reuters that the 2025-2029 plan, which is currently being drafted, does not foresee... Continue Reading →
(OE) BP has entered into an agreement with Perenco T&T to divest its Immortelle, Flamboyant, Amherstia and Cashima offshore gas fields and associated production facilities, as well the undeveloped resources from the Parang field in Trinidad and Tobago. BP Trinidad and Tobago operates and currently is the sole owner in each of the assets included... Continue Reading →
Brazil Energy Insight 