Petróleo Brasileiro S.A. – Petrobras, in relation to news published in the media about the project to divest the Albacora and Albacora Leste fields, in the Campos Basin, clarifies that it has received binding offers from the consortia PetroRio/Cobra and EIG Global Energies Partners/Enauta/3R Petroleum for the acquisition of the fields. Such offers could exceed... Continue Reading →
OIL FIELDS FROM THE TRANSFER OF RIGHTS ARE AMONG THE LARGEST PRODUCERS FOR THE MONTH OF AUGUST
(ANP) In August, the Búzios, Atapu and Sul de Tupi fields, all producing under the transfer of rights regime in the Santos Basin pre-salt, were among the largest national producers. Búzios, with 669.3 thousand boe/d (barrels of oil equivalent per day) was in second place, behind only the Tupi field, which produced 1.2 million boe/d.... Continue Reading →
BW Energy: No Formal Decision on Petrobras’ Assets Buy
Oslo-listed oil and gas company BW Energy, responding to press speculation, said Monday it had not made any formal decision to buy any of Brazil-based Petrobras' assets. BW Energy said it had noted the press speculation regarding the possibility of BW Energy acquiring the Golfinho field in Brazil, which Petrobras has put up for sale.... Continue Reading →
As OPEC Reopens the Taps, African Giants Losing Race to Pump More
(OE) Top African oil exporters Nigeria and Angola will struggle to boost output to their OPEC quota levels until at least next year as underinvestment and nagging maintenance problems continue to hobble output, sources at their respective oil firms warn. Their battle mirrors that of several other members of the OPEC+ group who curbed production... Continue Reading →
PETRORIO CONTRACTED SCHLUMBERGER, BAKER AND HALLIBURTON FOR FRADE AND WAHOO
(PetroleoHoje) PetroRio defined the contracting of the drilling service for the Frade and Wahoo projects, in the Campos Basin. The start of the campaign is scheduled for the first quarter of 2022. Instead of the original proposal to close a single package, the oil company opted to split the process into three different businesses, hiring... Continue Reading →
Eni fires up second offshore project in Angola this year
Italian oil and gas company Eni has started production from the Cabaça North development project, in Block 15/06 of the Angolan deep offshore, via the Armada Olombendo FPSO. The Cabaça North development, with an expected peak production rate in the range of 15 kbopd, will increase and sustain the plateau of the Armada Olombendo. The... Continue Reading →
Nigeria Sees 2022 Oil Output of 1.88 mln bpd, GDP Growth of 4.2%
The Nigerian government expects the country to produce 1.88 million barrels per day of crude oil in 2022 and will use a benchmark oil price of $57 per barrel for its budget planning, according to a document approved by the Senate on Wednesday. The Medium-Term Expenditure Framework (MTEF), a crucial part of the annual budget... Continue Reading →
Karoon Eyes Growth in Brazil with Own Oil Fields, Acquisitions
Karoon Energy sees strong growth prospects in Brazil, where it started producing oil last year, working to more than double output by 2023 and considering two options to develop another field by mid-decade, its chief executive said on Monday. Karoon produced an average of just over 13,000 barrels per day (bpd) in the eight months... Continue Reading →
Gulf of Mexico: Offshore Rigs Start to Return after Ida -Baker Hughes
U.S. energy firms [last week] added oil and natural gas rigs for a fifth time in six weeks as offshore oil units in the Gulf of Mexico slowly started to return after Hurricane Ida slammed into the coast. [Last week], four offshore oil rigs returned in Louisiana, energy services firm Baker Hughes Co said in... Continue Reading →
Petro Rio August 2021 Operational Data
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 →
