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3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), in compliance with provisions of article 12 of CVM Resolution No. 44, communicates to its investors and the market in general that received on June 27, 2022, notice from GERVAL INVESTIMENTOS LTDA. (“GERVAL” or “Manager”) informing about the change in the equity interest of its funds... Continue Reading →
Norwegian seismic data acquisition and processing company TGS is set to acquire all shares of the Norwegian ocean bottom node survey specialist Magseis Fairfield. TGS will put forward a voluntary exchange offer to acquire all shares of Magseis for a consideration to the Magseis shareholders in the form of 0.0426 ordinary shares of TGS and... Continue Reading →
(OEM) In a bid to increase production capacity, joint venture (JV) partners in a field located in the Offshore Mining Lease no. 113 (OML 113) off Nigeria have decided to forgo a long-term extension for the current floating, production, storage, and offloading (FPSO) vessel operating on this field, as they plan to replace it in... Continue Reading →
The U.S. Maritime Administration (MARAD) last Friday designated offshore wind vessels as vessels of national interest making them eligible for financial support through the Title XI Federal Ship Financing Program (Title XI). The Federal Ship Financing Program - commonly referred to as "Title XI" based on the part of the Merchant Marine Act of 1936 that... Continue Reading →
(Reuters) - Global energy consumption rose by 5.8% in 2021, exceeding pre-pandemic levels as economies revved up activity, while strong growth in renewable energies chipped away at fossil fuel use, according to a benchmark report by BP (BP.L). Oil demand last year was 3.7 million barrels per day (bpd) below 2019 levels, driven primarily by weakness... Continue Reading →
(Reuters) - Argentina's economic alarm bells are ringing loudly with fears of a global recession and spiraling inflation stoking investor fears over possible defaults, missed targets with the International Monetary Fund (IMF) and political unrest. The South American country, an important global supplier of soybeans, corn and wheat, has seen its bonds sink to record... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 02/08/2021, 08/25/2021, and 10/01/2021, informs that today it has restarted the processes for the sale of Refinaria Abreu e Lima (RNEST), in Pernambuco, Refinaria Presidente Getúlio Vargas (REPAR), in Paraná, and Refinaria Alberto Pasqualini (REFAP), in Rio Grande do Sul, as well as... Continue Reading →
(TN) The consultancy Grupo I Can completed the asset management assessment of Petrobras' Santos Basin Exploration and Production Business Unit (UN-BS). Since 2019, the UN-BS has started to implement asset management at the unit, which is located in the pre-salt layer, to understand the maturity level of the organization and, based on that, to develop... Continue Reading →
(OE) Uruguay's ANCAP has awarded three of the six available offshore blocks on its continental shelf to Shell and Apache, following bids received in the most recent ANCAP 2022 Open Bidding Round. Shell won the rights to the shallow-water block OFF-2 and deepwater Block OFF-7. Apache won the rights to the Block OFF-6. The award... Continue Reading →
(Reuters) - Mexico's state-owned oil company Pemex (PEMX.UL) substantially increased crude oil exports to the North American market in May, according to the firm's most recent report, which shows a significant cut in shipments to Europe and Asia. Pemex said its crude exports averaged 965,000 barrels per day (bpd) in May, and some 740,000 bpd... Continue Reading →
Brazil Energy Insight 