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(OM) PGS is making available time products for an 11,000-km (6,835-mi) reprocessed seismic volume covering an extension of Uruguay's shallow and deepwater provinces, from the Pelotas basin to the Punta del Este basin. The package includes ties to the company’s 15,600-sq km (6,023-sq mi) 3D GeoStreamer dataset, allowing analog assessment of the recent equatorial margin... Continue Reading →
(Reuters) - U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry experts. Calls for new oil supplies are being answered by more producers as U.S. prices stay above $100 per barrel, propelled by Russia's invasion of Ukraine.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Annual General Meeting, held on 04/13/2022, exclusively under the digital format, analyzed and approved, by majority vote, the following: ANNUAL GENERAL MEETING I. Assessing the Management’s accounts, examining, discussing and voting on the Management’s Report and the Company’s Financial Statements, with the report from the independent auditors... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), pursuant to CVM Resolution No. 44, informs its shareholders, investors and the market in general that it participated in the 3rd Cycle of the Permanent Offer of the National Petroleum, Natural Gas and Biofuels Agency (“ANP”), on this date, and acquired the concession right... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it received today, at sight, the amount of R$ 5.26 billion from Shell Brasil Petróleo Ltda. - Shell, referring to its share of 25% in the compensation for Atapu, a block acquired by the consortium composed by Petrobras (52.5%), Shell (25%) and Total Energies EP Brasil Ltda. -... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on release disclosed on February 23, 2022, informs that, in a meeting held today, the Annual General Meeting (AGM) approved the remuneration to shareholders relative to the Fiscal Year 2021 in the amount of R$ 7.773202 per outstanding share (common or preferred). This amount includes the prepayments already... Continue Reading →
Oil majors Shell and TotalEnergies have secured six and two offshore exploration blocks, respectively, in the Santos basin offshore Brazil as part of the country’s latest bid round. Brazil’s National Petroleum Agency, Natural Gas and Biofuels (ANP) on Wednesday held the public bidding session of the 3rd Cycle of the Open Acreage in the Concession... Continue Reading →
(PN) In a final assessment of the result of the Permanent Offer auction, held this morning, the National Petroleum Agency (ANP) highlighted the main numbers achieved in the auction. In all, 59 exploratory blocks were acquired in six basins, which generated R$ 422.4 million in signature bonuses. This represents a premium of 854.84%. In addition,... Continue Reading →
(Valor) Dommo Energia, a business resulting from the restructuring of OGX, started a sales process that has already attracted at least five interested parties. The process is at the beginning, but there are already signed NDAs. The oil company mandated Santander to carry out the M&A. According to a source, one of those interested in... Continue Reading →
(Reuters) - Shareholders in Brazil's Petrobras will gather virtually this afternoon for a meeting expected to pave the way for government technocrat José Mauro Coelho to take the helm of the state-run oil company. After a dramatic weeks-long CEO search, the market hopes - and expects - the annual shareholders' meeting on Wednesday will be... Continue Reading →
Brazil Energy Insight 