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(PN) Enauta announced that its production throughout the month of January reached the level of 16.1 thousand barrels of oil equivalent per day. The volume represents a drop of 13.9% compared to the month of December, when production was 18.7 thousand barrels of oil equivalent per day. The Atlanta field, the company's main asset, produced... Continue Reading →
The U.S. Energy Information Administration (EIA) has outlined in a recent report that the proven reserves of natural gas reported by operators established a new record in the United States in 2021, while proven U.S. reserves of oil increased but did not quite return to pre-pandemic levels. EIA highlighted in a recently released Proved Reserves of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it received today, up front, from Shell, the amount of R$ 347 million, regarding the complement of the firm compensation (earnout) for fiscal year 2022, related to the Atapu block. The amount already includes the amount of the gross-up of taxes related to Shell' 25% stake in Atapu... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 07/24/2020, 07/28/2020 and 11/06/2020, informs that it received today from Karoon Petróleo & Gás Ltda (Karoon), a subsidiary of Karoon Energy Ltd, the amount of R$ 430 million, equivalent to the contingent payment of the oil price for the year 2022. This amount... Continue Reading →
UK-headquartered energy giant BP has unveiled its new energy outlook, highlighting the main trends and uncertainties surrounding the energy sector and the transition to low-carbon and green energy sources over the next three decades. With the current energy and climate crises at the forefront, BP’s new Energy Outlook explores the key trends and uncertainties surrounding the energy... Continue Reading →
(Reuters) - Chevron Corp (CVX.N) on Friday posted a record $36.5 billion profit for 2022 that was more than double year-earlier earnings, but the bottom line fell shy of Wall Street estimates, undercut by asset writedowns and rising costs. The second largest U.S. oil producer's adjusted net profit for 2022 exceeded its previous record set in 2011 by about... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras discloses its proved reserves of oil, condensate and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at 10.5 billion barrels of oil equivalent (boe), as of December 31, 2022. Oil and condensate, and natural gas correspond to 85% and 15% of this total, respectively. In 2022,... Continue Reading →
TechnipFMC said on Tuesday that the Brazilian oil company Petrobras had awarded it a large master services agreement for subsea services. For TechnipFMC, a “substantial” contract is between $250 million and $500 million. The three-year contract has an option to extend for two years. TechnipFMC will provide life-of-field services to support its installed base offshore... Continue Reading →
Karoon announced an increase in its proven reserves (1P) in block BM-S-40 – which encompasses the producing Baúna and Piracaba fields and the Patola field, which is under development. The block, located in the Santos Basin, has 42.8 million barrels in 1P reserves, according to an assessment reviewed and certified by AGR Energy Services (dated... Continue Reading →
(Reuters) U.S. oil and gas producer Hess Corp on Tuesday forecast higher Exploration & Production (E&P) capital and exploratory budget of $3.7 billion for 2023, of which more than 80% would be allocated to Guyana and North Dakota's Bakken shale field. The company forecast 2022 E&P capital and exploratory expenditures of about $2.7 billion. The... Continue Reading →
Brazil Energy Insight 