Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/24/2021, informs that it concluded today the sale of its total stake in nine onshore exploration and production fields, jointly called Miranga Cluster, located in the state of Bahia, to SPE Miranga S.A., a wholly owned subsidiary of PetroRecôncavo S.A. (PetroRecôncavo). After compliance... Continue Reading →
Petrobras concludes the sale of thermal power plants
Petróleo Brasileiro S.A. – Petrobras, following up on the release diclosed on 05/03/21, informs that it has concluded today the sale of the three fuel oil-fired thermal power plants located in Camaçari, in the state of Bahia (UTEs Polo Camaçari) to São Francisco Energia S.A., a subsidiary of Global Participações em Energia S.A. (GPE). After... Continue Reading →
Oil rebounds by almost 5%
(Reuters) - Oil prices climbed by nearly 5% on Monday on hopes the Omicron coronavirus variant would have a less damaging economic impact if its symptoms proved mostly mild and as some OPEC member countries signaled confidence in the market. Reports in South Africa said Omicron cases there had only shown mild symptoms and the... Continue Reading →
Petrobras to drill first well at Equatorial Margin in 2022
(Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA) is getting ready to drill next year the first of 14 planned wells at South America's new deepwater frontier, the Equatorial Margin at its Northern maritime border, a company executive said on Monday. Petrobras plans to invest $2 billion in exploration at the Equatorial Margin through 2026, reservoir executive... Continue Reading →
3R Petroleum Production Data November 2021
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for November 2021 in the assets that the Company holds participation. (1) Refers to 3R's participation in Macau Cluster concessions after discounting Galp's 50% stake... Continue Reading →
PetroRio November 2021 Operational Data
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of November. Obs.: (1) Frade figures account for a 70% interest in the Frade Field until February 4 and 100% interest as of February 5, when the Company announced... Continue Reading →
Hopes for Argentina IMF deal grow
The never ending saga... (Reuters) - Labor activist Alejandro Bodart marched down the Buenos Aires streets two decades ago to protest against the International Monetary Fund, which many then blamed for austerity measures that sharpened Argentina's worst ever economic crisis. Now Bodart is on the war path again, worried that a new deal to roll... Continue Reading →
Global oil CEOs stress need for fossil fuels despite push for cleaner energy
(Reuters) - A global energy conference devoted to future technologies and low-carbon strategies kicked off in Houston on Monday with top executives from energy companies affirming the need for more oil for decades to come. The World Petroleum Conference's four days of discussion started with chief executives from Exxon Mobil Corp (XOM.N), Chevron Corp (CVX.N) and Halliburton Co (HAL.N),... Continue Reading →
Chevron gains extension for block offshore Angola through 2050
Cabinda Gulf Oil Company Limited (CABGOC), an affiliate of Chevron in Angola, has secured an extension of the Block 0 concession, off the coast of Cabinda province in Angola. Chevron stated on Monday that the agreement extends the concession for 20 years, through 2050. Under the renewed agreement, CABGOC will remain the operator with a 39.2... Continue Reading →
New Executive Secretary of ABESpetro
ABESPetro is pleased to announce that Mr. Telmo Ghiorzi has accepted the challenge of acting as the new Executive Secretary of ABESPetro. Telmo is a Senior Executive in the industrial sector, with a focus on the Oil & Gas and Engineering & Construction sectors. He has extensive experience in B2B and C-level business development for... Continue Reading →
