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(WO) U.S. annual oil production is set to rise to a record next year as shale producers continue to boost output. Oil supply will average 12.41 million barrels a day in 2023, according to the Energy Information Administration. That would surpass the current annual high of 12.3 million barrels a day set in 2019, the... Continue Reading →
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 December 2021 in the assets that the Company holds participation. (1) Refers to 3R's stake in the Macau Cluster concessions, after discounting the 50%... Continue Reading →
Global oil and gas investments will expand by $26 billion this year as the industry continues its protracted recovery from the worst of the pandemic and the hurdles imposed by the Omicron variant. An analysis by Rystad Energy projects overall oil and gas investments will rise 4 per cent to $628 billion this year from... Continue Reading →
(TN) Enauta's total production in December reached 624.2 thousand barrels of oil equivalent (boe), or average daily production of 20.1 thousand boe. For the year 2021, the Company's total production was 6,671.2 million barrels of oil equivalent (boe), or average daily production of 18.3 thousand boe. Also in December, the Atlanta Field operated through two... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of December. Obs.: (1) Frade figures account for a 70% interest in the Frade Field until February 4 and 100% interest as of February 5, when the Company announced... Continue Reading →
Petrobras created the RES20 program, enabling to recover up to 20 billion barrels of oil equivalent (boe) in its operational fields by 2030. The program was created with a focus on the incorporation of new reserves and targets the main oil fields of the company. To date, in nearly seven decades of the company's operations... Continue Reading →
Domestic oil production in November was 2.852 million bpd, up 2.7% from the previous month; and 3.5% compared to November 2020. In natural gas, with production of 137 million cubic meters per day, there was an increase of 3.7% compared to October and 8.1% compared to November 2020 Total Brazilian oil and gas production during... Continue Reading →
Brazilian oil and gas company PetroRio has undertaken the required steps to move forward with the development of the Wahoo field – located offshore Brazil – by submitting a development plan to the National Petroleum Agency, Natural Gas and Biofuels (ANP). PetroRio reported last week that the declaration of commerciality of the Wahoo discovery and the development... Continue Reading →
Brazil has always pushed the boundaries of deepwater exploration and production – and it’s still doing so today. With some of the world’s largest deepwater reservoirs, that are often complex in themselves, it’s had to come up with new solutions. Elaine Maslin found out more from André Lima Cordeiro. (OE) Petrobras has often led the... Continue Reading →
(OM) Brazilian oil and gas giant Petrobras and its partners have submitted a revised development plan to the National Petroleum Agency, Natural Gas and Biofuels (ANP) for Tupi and Iracema fields – located offshore Brazil – in a bid to increase the recovery of hydrocarbons from the area. Petrobras reported on Wednesday that it has submitted the review of... Continue Reading →
Brazil Energy Insight 