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ANP released the Monthly Oil and Natural Gas Production Bulletin for October 2023, which provides consolidated data on national production. Total production (oil + natural gas) was 4.502 million barrels of oil equivalent per day (MMboe/d). Regarding oil, 3.543 million barrels per day (MMbbl/d) were extracted, a reduction of 3.5% compared to the previous month... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved, at a meeting held today, the Strategic Plan for the five-year period 2024-2028 (SP 2024-28+), planning to invest US$ 102 billion over the next five years. The first plan of this administration, the SP 2024-28+ aims to prepare Petrobras for the future and... Continue Reading →
(OE) Oslo-listed oil and gas company BW Energy said Tuesday it had completed the acquisition of the FPSO Cidade de Vitoria from Saipem. The FPSO is currently producing approximately 10,000 barrels per day of oil from the Golfinho field offshore Brazil. BW Energy will pay Saipem a total of USD 73 million in fixed consideration... Continue Reading →
(Reuters) Karoon Energy announced deals worth $720 million on Thursday to buy stakes in certain offshore oil and gas fields in the Gulf of Mexico from U.S.-based LLOG Exploration, in a move to diversify operations beyond Brazil and Australia. The oil and gas explorer said it would raise around A$480 million ($312.43 million) to fund a 30% stake purchase... Continue Reading →
(OET) U.S.-headquartered energy giant ExxonMobil has started production from its third oil development at the Stabroek block offshore Guyana, boosting total production capacity in the country to approximately 620,000 barrels per day. ExxonMobil made a final investment decision to proceed with the Payara field development, Guyana’s third offshore oil development on the Stabroek Block, at the end of September... Continue Reading →
(Reuters) - Ecuador state oil company Petroecuador said on Monday it plans to shut down a large drilling project in the Yasuni ecological reserve in the Amazon rainforest next August, following a referendum to end it to protect nature and indigenous people. Petroecuador CEO Reinaldo Armijos told reporters the company has a plan for the... Continue Reading →
Petro Services and its main subcontractor Ocean Installer, a marine construction and operations player, have secured a contract with TotalEnergies for umbilical recovery and reinstallation activities on a floating production, storage, and offloading (FPSO) vessel in Angola. The new contract, awarded by TotalEnergies EP Angola and its Block 17 partners, will enable the two players to execute an... Continue Reading →
(PN) After a wait of more than four months, Enauta was finally able to restart production at its main asset, the Atlanta field, in the Santos Basin. The resumption of operations in the area took place on the 5th of November. The field's production was halted in July, due to technical problems in the electrical... Continue Reading →
Main achievements: Solid recurring EBITDA of US$ 13.7 billion Gross debt under control at US$ 61 billion, even after the increase in leases with the start-up of FPSO Anita Garibaldi Consistency in cash generation: Operating Cash Flow of US$ 11.6 billion, the fourth highest ever Return to society with tax and dividends payments of R$... Continue Reading →
(Reuters) Shell on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading. The company announced share buybacks of $3.5 billion over the next three months, up from $2.7 billion in the previous three months. It maintained its dividend unchanged at $0.331 per... Continue Reading →
Brazil Energy Insight 