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Tullow Oil has made an oil discovery at its Jethro-1 exploration well, drilled on the Orinduik license offshore Guyana. The Jethro-1 was spud in early July, using the Stena Forth drillship. It was drilled to a Total Depth of 4,400m meters in approximately 1,350 meters of water. Tullow said on Monday that evaluation of logging... Continue Reading →
The executive director of Brazilian oil and gas company PetroRio has resigned from his positions within the firm. PetroRio said on Thursday that Blener Braga Cardoso Mayhew resigned several positions within the company due to personal reasons. At a meeting held on August 8, PetroRio’s board of directors accepted his resignation, and left his duties... Continue Reading →
Aug 9, 2019 Asset manager Vinci Partners plans to value Petrobras' gas distribution assets, company partner and chief infrastructure officer Jose Guilherme Souza said on Thursday amid government plans that will force the state oil company to scrap business in the sector. Petrobras currently owns 51% of Gaspetro, a company with a stake in 19... Continue Reading →
Aug 9, 2019 The opening of the natural gas market in Brazil, announced in July, makes giants like Siemens move to gain space in the energy sector. In an innovation event the German multinational announced that it is analyzing 26 thermoelectric projects in Brazil, such as the Port of Açu in Rio de Janeiro, and... Continue Reading →
August 8, 2019 The changes that may be made by Petrobras to the Rio de Janeiro Petrochemical Complex project will now be licensed by the State Environmental Institute (Inea), an environmental agency of the state of Rio de Janeiro, and no longer by Ibama. The move is part of a 10-year technical cooperation agreement... Continue Reading →
August 9, 2019 - Petróleo Brasileiro S.A. Petrobras reports that today it signed an SPE with 3R Petroleum S.A., a wholly owned subsidiary of 3R Petroleum e Participações S.A., a contract for the sale of its entire working interest in a set of onshore and maritime producing fields in the Potiguar Basin, denominated Macau Cluster,... Continue Reading →
JULY 2019 Operational Data Rio de Janeiro, August 9, 2019 - 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 July. 1 - Accounts for the daily average of the 6-day period in which PetroRio operated the... Continue Reading →
August 9, 2019 Petróleo Brasileiro SA – Petrobras announces that its General Shareholders' Meeting approved today the delisting of its common and preferred shares from Bolsas y Mercados Argentinos (BYMA) and the withdrawal from public trading in Argentina. The withdrawal from public trading still depends on the approval of the Argentine capital markets regulator. This... Continue Reading →
August 9, 2019 Petróleo Brasileiro S.A. – Petrobras informs that today it signed a Conduct Adjustment Agreement in the amount of R$ 814.5 million with the State of Rio de Janeiro, the Public Prosecution Office of Rio de Janeiro and the State Institute of Environment, to terminate a public civil action related to the environmental... Continue Reading →
August 9, 2019 Petróleo Brasileiro SA - Petrobras reports that it has started the opportunity disclosure stage (teaser) to sell its total operated working interest in 11 producing shallow waters fields located in the Campos Basin, jointly called Garoupa Cluster, including the production facilities and pipelines to Barra do Furado. The Garoupa Cluster comprises the... Continue Reading →
