ANP Approves Ecopetrol for the Second Edition of the Permanent Offer

The Special Tender Committee (CEL) approved the registration of one more company for the Permanent Offer: Ecopetrol Óleo e Gás do Brasil Ltda. With Ecopetrol, 69 companies have already signed up for the Permanent Offer. See the complete list: https://www.gov.br/anp/pt-br/rodadas-anp/oferta-permanente/inscricao-licitantes. The Permanent Offer is a modality of concession of blocks and areas with marginal accumulations... Continue Reading →

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ANP Approves Mero’s Development Plan

A new important milestone for Petrobras and its partners in the consortium that operates in the Libra block, in the Santos Basin pre-salt. The board of the National Petroleum Agency (ANP) approved the first development plan for the Mero field, which is located within the Libra area. In all, 65 wells will be drilled in... Continue Reading →

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Chevron, Equatorial Guinea sign production-sharing agreement for offshore oil block

(Reuters) - Oil major Chevron (CVX.N) and the government of Equatorial Guinea have signed a production-sharing agreement for an offshore block in the Douala Basin, oil minister Gabriel Mbaga Obiang Lima said on Friday. The agreement grants Chevron 80% ownership over block EG-09, which sits along Equatorial Guinea's northern border with Cameroon, south of the Aseng and... Continue Reading →

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Braskem shares plunge on delayed Petrobras disposal

(Reuters) - Shares in Brazil's Braskem SA (BRKM5.SA) plunged on Thursday after state-run oil company Petrobras (PETR4.SA) said it has yet to decide when and how to proceed with the proposed sale of its stake in the petrochemicals producer. Petroleo Brasileiro SA, as Petrobras is formally known, said in a securities filing that it is still conducting studies on... Continue Reading →

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Sapura Energy facing cash flow and liquidity issues

Malaysian oilfield services provider Sapura Energy is facing cash flow and liquidity issues exacerbated by the Covid-19 pandemic. Responding to recent news reports, Sapura Energy on Wednesday clarified that it is still a going concern. The company’s business segments continue to execute 59 projects globally and its Exploration & Production business, operated through SapuraOMV, continues... Continue Reading →

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Petrobras on relevant shareholding position

Petróleo Brasileiro S.A. – Petrobras, in compliance with Article 12 of CVM Resolution No. 44, of 08/23/2021, informs that it was communicated by Goldman Sachs & Co. LLC, a subsidiary of The Goldman Sachs Group, Inc., by Goldman Sachs International, and other subsidiaries of The Goldman Sachs Group, Inc., namely Goldman Sachs do Brasil Banco... Continue Reading →

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