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 August. 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 →
Saudi Aramco Unit Wins Guyana Oil Tender
Guyana awarded a unit of Saudi Aramco a tender to purchase a portion of the country's oil production, and the two parties will likely enter into a one-year marketing deal, an official said on Tuesday. The South American country last month received bids from 15 companies aiming to market its allocation of light crude produced... Continue Reading →
Stronger Storms Test Aging U.S. Offshore Oil Platforms and Pipelines
(OE) Stronger hurricanes threatening the U.S. Gulf Coast energy hub are elevating the risks of oil spills from damage to area refineries, oil platforms and subsea pipelines, say experts. On Monday, the U.S. Coast Guard said it was investigating nearly 350 reports of spills in and along the Gulf after Hurricane Ida hit. Federal and state agencies... Continue Reading →
Petrobras releases teaser of E&P assets in the Santos Basin
Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of the totality of its stake in the Uruguá and Tambaú fields, belonging to the BS-500 concession, located in the Santos Basin, in the state of Rio de Janeiro. The teaser, which includes key information about... Continue Reading →
Enauta’s Atlanta Field Suffers Another Pumping System Setback
Brazilian oil firm Enauta is again experiencing problems with the pump system at its Atlanta field offshore Brazil, with output from one well now interrupted. Enauta said that the output interruption occurred on Sunday, September 5. "At this moment, two wells are operational in the field, with a daily average production of nearly 14,000 barrels... Continue Reading →
Enauta may be closer to being able to bring two new partners to the Atlanta project
(PetroleoHoje) The oil company advanced with the field's farm-out process, selecting non-binding proposals from Karoon and Harbour, which continue in negotiation as preferred bidders. Atlanta's bids were received early in early August. Karoon and Harbor non-firm offerings have individual 30% stakes. From now on, the two groups will start due diligence. The delivery of binding... Continue Reading →
Venezuela crude output in key region plunges due to diluent shortage
(Reuters) - Crude output in Venezuela's key Orinoco oil belt plunged by a quarter to less than 300,000 barrels per day (bpd) in August due to a shortage of diluents needed to blend with the region's extra-heavy crude, documents seen by Reuters showed. The drop comes as state oil company PDVSA directs more medium and... Continue Reading →
Nearly 94 pct of Gulf of Mexico oil output still offline after Hurricane Ida
While some of the oil production in the U.S. Gulf of Mexico has been brought online following Hurricane Ida, which swept across the Gulf coast earlier this week, nearly 94 per cent remains offline. The U.S. Bureau of Safety and Environmental Enforcement (BSEE) said in its latest update, published on Tuesday 31 August, that personnel had... Continue Reading →
Petrobras concludes the transfer of rights of its stake in the Lapa field
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/21/2018, informs that it has finalized the transfer of rights of its 10% interest in the Lapa field to TotalEnergies. The operation, which also involves the assignment of the totality of the interest held by Petrobras Netherlands B.V. (PNBV) in Lapa Oil &... Continue Reading →
CADE APPROVES SALE OF PETROBRAS PARTICIPATION IN THE PAPA-TERRA FIELD TO 3R PETROLEUM
(PetroNoticias) The Administrative Council for Economic Defense (CADE) approved the sale of Petrobras' 62.5% stake in the Papa-Terra field to 3R Petroleum. The $105.6 million transaction was announced in July this year. Of the total, US$ 6 million were paid in cash, while another US$ 9.6 million will be paid when the deal is closed.... Continue Reading →
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