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Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best corporate governance practices, informs its shareholders and the market in general that, on this date, it has filed with the National Petroleum Agency (“ANP”) the Declaration of Commerciality of the Wahoo discovery, as well as the Development Plan in exclusive operations. The Wahoo discovery is... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that today it completed the renewal of its shelf registration with the U.S. Securities and Exchange Commission. The shelf registration allows Petrobras to offer securities in the U.S. capital markets in an agile and comprehensive manner, taking advantage of market opportunities, with the objective of reducing costs and facilitating... Continue Reading →
Global oil and gas discoveries in 2021 are on track to hit their lowest full-year level in 75 years should the remainder of December fail to yield any significant finds, Rystad Energy analysis shows. As of the end of November, total global discovered volumes this year are calculated at 4.7 billion barrels of oil equivalent... Continue Reading →
(Reuters) - Argentina's President Alberto Fernandez will sign a decree in the next few weeks to push forward construction of a major new gas pipeline system in the country's huge Vaca Muerta shale formation, a government source told Reuters, a key move to boost gas exports. The timeline and plans for a decree, previously unreported,... Continue Reading →
Oil majors Chevron and Shell have worked out a farm-out agreement for Block 5, located offshore Suriname. Suriname’s national oil company Staatsolie revealed on Friday that Chevron Exploration Suriname Limited (CESL), a subsidiary of Chevron, transferred to Shell one-third (20 per cent) of its 60 per cent equity interest in the block for which it has... Continue Reading →
The winning companies of the 4th edition of the Best Petrobras Suppliers Award were announced by Petrobras. 24 suppliers of the main categories were distinguished — Drilling and Completion Equipment; Subsea Production Equipment; Launch of Subsea Pipelines; Air Logistics; Maritime Logistics; Land Logistics; Industrial Maintenence; MRO and Associated Services; Offshore Engineering Works; Onshore Engineering Works;... Continue Reading →
(Reuters) - The United States is set to become the world's biggest liquefied natural gas (LNG) exporter in 2022, surpassing Qatar and Australia, and may hold that title for years to come. In a year when China and other large economies in Europe and Asia scrambled to source enough supply for heating and power generation,... Continue Reading →
Norwegian marine survey contractor Argeo has signed an agreement with an undisclosed client to provide autonomous underwater vehicle (AUV) services in the Brazilian oil and gas sector. The project is scheduled to commence early in the first quarter of 2022 and includes the possibility of being extended. According to Argeo, the agreement represents a potential start... Continue Reading →
The National Petroleum Agency (ANP) suggested to the Administrative Council for Economic Defense (CADE) that it reject the sale of 51% of Petrobras in Gaspetro to Compass. In the ANP's assessment, the operation does not meet the objectives of the Term of Assignment of Conduct (TCC) signed between CADE and Petrobras, since Compass (part of... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 08/03/2021, informs that it signed today with Ubuntu Engenharia e Serviços Ltda a contract for the sale of its total stake in the concession PAR-T-198_R12, located onshore, in the Paraná Basin. The total value of the transaction is US$ 31 thousand and the... Continue Reading →
