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In March, Brazil produced 2.981 MMbbl/d (millions of barrels per day) of oil, an increase of 2.2% compared to the previous month and 4.8% compared to March 2021. A further 134 MMm3/d (millions of cubic meters daily) of natural gas, an increase of 0.9% compared to February and 6.6% compared to the same month of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the news published in the media, informs that it has concluded the new round of the sale process binding phase of the onshore production fields located in the Recôncavo and Tucano Basin, in the state of Bahia, jointly called Bahia Terra Cluster. The consortium formed by PetroRecôncavo S.A. (60%)... Continue Reading →
Oil and gas major BP intends to invest up to £18 billion (about $22.5 billion) in the UK’s energy system by the end of 2030 in a push to help the country deliver on its bold ambitions to boost energy security and reach net zero. One of the largest oil and gas producers in the... Continue Reading →
(Reuters) - Brazil's President Jair Bolsonaro has understood that Petrobras (PETR4.SA) must pass on global oil price rises to the local fuel market, the state-run company's chief executive was quoted as saying in an interview with newspaper O Estado de S. Paulo. This is a topic that ultimately helped bring down CEO Jose Mauro Coelho's two predecessors,... Continue Reading →
(Reuters) - Lukoil (LKOH.MM) posted a first-quarter profit of 133.4 billion roubles ($2 billion) on Wednesday, up more than tenfold year on year under Russian Accounting Standards (RAS). Lukoil also said its January-March revenue rose to 723.2 billion roubles from 330.9 billion a year earlier. The oil producer has said it will not publish first-quarter financial and... Continue Reading →
Petrobras will invest US$ 16 billion in the Campos Basin renovation plan, with plans to install three new platforms and connect more than 100 wells in the area over the next five years. With more than 40 years of history and two awards received by the Offshore Technology Conferece (OTC) for technological advances in the... Continue Reading →
3R Petroleum Óleo e Gás S.A. (“3R”) is pleased to invite you to the first quarter of 2022 earnings conference, which will take place tomorrow, May 4, 2022, at 2:00 pm (BRT). To access the webcast, click here. To access all the material, including the Earnings Release and the Presentation that will be used during... Continue Reading →
(Bloomberg) — U.S. shale giants stung by billions of dollars in hedging losses are spending big bucks to ditch their positions in a risky bet that prices stay high. Companies including Pioneer Natural Resources Co. and EOG Resources Inc. are poised to post historic profits when they report earnings this week. But those windfall earnings would be... Continue Reading →
Offshore accommodation specialist Prosafe has won a four-year contract with the Brazilian oil company Petrobras for the provision of the Safe Notos semi-submersible accommodation rig. Petrobras will use the accommodation unit for safety and maintenance support offshore Brazil. The contract is expected to start in Q3/Q4 2022 after the expiry of its current with Petrobras.... Continue Reading →
(Reuters) - Equinor (EQNR.OL) reported record earnings on Wednesday, as the war in Ukraine triggered an energy supply crunch that sent gas prices soaring to all-time highs. The state-controlled Norwegian company has emerged as a big winner in Europe's energy crisis, generating $18 billion in adjusted pretax earnings in the first quarter as it sold gas at... Continue Reading →
