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Production in the Transfer of Rights reached an average volume of 1.003 million barrels of oil equivalent per day in November. This was the first time that the fields in the area reached the level above 1 million barrels per day. With this volume, the Transfer of Rights reached a share of 27.05% of the... Continue Reading →
Norwegian oilfield services provider Aker Solutions and its compatriot AF Gruppen have terminated their previously announced process to merge the two companies’ existing offshore decommissioning operations. In a statement released on Friday, the two companies said that, although the strategic rationale is still strong, they have not succeeded in reaching a final agreement and the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed, today, a revolving credit facility (RCF) in the amount of US$ 5 billion, maturing in December 2026, with the possibility of being extended in up to two years. The agreement, signed with 16 banks, allows the company to draw on the line until the month before... Continue Reading →
(Reuters) - There were no counter-offers for oil and gas blocs in Colombia's latest licensing round, but contracts for 30 blocs which received bids will be signed in the coming days, the government said on Thursday. The oil and gas industry is a major source of income and foreign exchange for Colombia and the government... Continue Reading →
Strengthened by the recent bills approved by the government, the Permanent Offer of the National Petroleum Agency (ANP) will have its next auction on April 13, 2022, consequence of declaration of interest submitted by a company already registered in this auction modality. Thus, the 3rd Cycle of Permanent Offer begins, which will be carried out... Continue Reading →
(Reuters) - A sale of Royal Dutch Shell's (RDSa.L) controlling interest in a Texas refinery to Mexican state oil company Petroleos Mexicanos has been delayed until next year, two people familiar with the matter said on Thursday. A review of the deal by U.S. Committee on Foreign Investment in the United States had been expected to wrap... Continue Reading →
(Reuters) - Exxon Mobil Corp. (XOM.N) is prepared to bid on Friday for new blocks in Brazil's deep-water oil fields, a focus area for its oil and gas production growth, people familiar with the matter said. Any bid would mark its first big investment since it decided to resume spending after a historic, $22.4 billion annual loss... Continue Reading →
Danish offshore drilling firm Maersk Drilling has upgraded its financial guidance for 2021 on the back of solid rig performance and contract extensions. "During the first two months of Q4 2021, Maersk Drilling has delivered strong performance exceeding the operational and commercial expectations underlying its most recent financial guidance. The main drivers for exceeding these... Continue Reading →
Ibama gave the green light for TGS to proceed with the 2D seismic acquisition in the Campos Basin. The campaign, scheduled for 2022, but still without a start date, will cover 23,000 km of 2D lines. This is a multi-client project. Given the proximity, TGS will use the port of Rio de Janeiro as its... Continue Reading →
Drilling costs for the Kawa-1 exploration well, located offshore Guyana, are expected to increase as drilling operations are taking longer than expected. As a result, CGX Energy may seek additional funding options. Frontera Energy is the majority shareholder of and joint venture partner of CGX in the Petroleum Prospecting Licenses for the Corentyne block, where the... Continue Reading →
