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3R PETROLEUM ÓLEO E GÁS S.A. (“Company”), informs its shareholders, investors and the market in general that, on this date, its wholly-owned subsidiary 3R Lux, a private limited liability company (société à responsabilité limitée) formed under the laws of Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies (Registre de commerce... Continue Reading →
(Reuters) - Top U.S. shale oil producers say they remain laser focused on shareholder returns, limiting production expenditures largely to offset higher costs for equipment, supplies and services. The decision likely will hold down oil output increases while benefiting shareholders receiving higher payouts through dividends and share repurchases with U.S. crude prices above $95 per... Continue Reading →
(Reuters) - Brazil's state-controlled oil company Petrobras (PETR4.SA) will distribute at least twice as much as the biggest international oil producers in second quarter dividends, boosting the government's coffers amid a tense presidential campaign. The five biggest Western oil producers - Exxon Mobil Corp (XOM.N), Chevron Corp. (CVX.N), Shell PLC (SHEL.L), TotalEnergies (TTEF.PA) and BP (BP.L) - posted record cash distributions to shareholders in... Continue Reading →
(TN) The average monthly production of 616,000 barrels of oil per day (bpd) achieved in June at the Búzios Field, in the pre-salt layer of the Santos Basin, is the highest monthly average volume recorded in this field since the beginning of its operation in April 2018. According to Petrobras, the total represents an operational... Continue Reading →
Technology developer X1 Wind said it has laid its dynamic cable clearing way for final installation of its fully functional floating wind prototype at the PLOCAN Test Site, in the Canary Islands. Having installed the modular concrete gravity anchoring system last spring, the Barcelona-headquartered firm is now announcing another milestone in its first ocean deployment... Continue Reading →
(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported second quarter 2022 results. President and Chief Executive Officer Anton Dibowitz said, “I would like to thank the Valaris team for their continued focus on delivering the safe, reliable and efficient operations that our customers have come to expect from us, in particular the... Continue Reading →
– Petro Rio S.A. (“Company” or “PRIO”) (B3: PRIO3), informs its shareholders and the market in general of the start of production of the 7-FR-55H-RJS (“MUP3A”) well in the Frade Field (“Field” or “Frade”), with average initial production of approximately 3,500 barrels of oil per day, increasing the Company’s production to 52,000 barrels per day.... Continue Reading →
(Reuters) - Outages disrupting Venezuela's power and gas supplies to state-run energy firm PDVSA hit July oil exports, contributing to a 27% fall from the previous month, according to Refinitiv Eikon vessel tracking data and the company's internal documents. Oil sales from the OPEC-member country have zigzagged this year despite receiving supplies of diluents from... Continue Reading →
The National Petroleum Agency (ANP) extended the first exploratory period of four ExxonMobil blocks in Brazil. The measure will apply to areas SEAL-M-575, SEAL-M-637 and SEAL-M-505, in the Sergipe-Alagoas Basin; and also for block C-M-789, in the Campos Basin. The term extension was granted within the scope of ANP Resolution No. 815/2020, which allows for... Continue Reading →
With the recovery in the offshore drilling market underway, Transocean has secured new long-term contracts for two of its ultra-deepwater drillships, adding over $1.24 billion to its backlog. Transocean said on Monday that the ultra-deepwater drillship, Petrobras 10000, received a 5.8-year contract for work offshore Brazil with a national oil company. The contract adds an estimated... Continue Reading →
Brazil Energy Insight 