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Brazilian drilling contractor Constellation Oil Services has been awarded a three-year contract for a drillship from compatriot oil company Petrobras. Constellation said on Tuesday that the drillship Laguna Star was awarded a contract with Petrobras for a duration of 1,095 days with operations on the Brazilian coast expected to start in January 2022. The rig... Continue Reading →
(Reuters) - Royal Dutch Shell (RDSa.L) will boost returns to shareholders via share buybacks or dividends earlier than expected after a sharp rise in oil and gas prices helped it reduce debt, the Anglo-Dutch energy firm said on Wednesday. Shell will increase its distribution to shareholders to 20% to 30% of cash flow from operations beginning in... Continue Reading →
Petróleo Brasileiro S.A – Petrobras informs that, in accordance with the contracts in effect, it will adjust, as of August 1, 2021, the natural gas sale prices for distributors. The variation results from the application of the supply contract formulas, which link the price to the oil price and the exchange rate. The contract prices... Continue Reading →
(Reuters) - Oil prices tumbled on Tuesday in a volatile session after OPEC producers canceled a meeting when major players were unable to come to an agreement to increase supply. Brent crude settled down $2.63 a barrel, or 3.4%, to $74.53, after hitting a session peak of $77.84, its highest since October 2018. U.S. West... Continue Reading →
Just days after a video of a massive ocean surface blaze near a Pemex oil platform in the Gulf of Mexico went viral, Mexico's national oil company has declared that environmental damage was avoided due to quick action by its workers. The July 2 blaze, caught on video apparently from a nearby helicopter, showed bright... Continue Reading →
Mexico chose state-owned Pemex to run a major shared oil find over the private consortium led by a U.S. oil company that first discovered it, in the latest win for President Andres Manuel Lopez Obrador's nationalistic energy policies. The disputed deposit, believed to hold some 700 million barrels of oil, is thought to straddle two... Continue Reading →
Oil prices were heading towards three-year highs on Tuesday, towing petrocurrencies and bond yields with them, after the world's main oil producers failed to agree on production plans. Europe's stocks spluttered at the prospect of faster inflation. China had spooked its tech sector too with another high-profile clamp down, but the main action was all... Continue Reading →
Brazilian oil and gas company Enauta has stopped production at two of its three wells in the Atlanta field, located in Block BS-4 offshore Brazil. Enauta said on Monday that production from its Atlanta field offshore Brazil was affected by a failure in the pumping system at two wells. According to the information provided by... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that in the first half of July it will begin the first seismic acquisition with Ocean Bottom Nodes (OBN) technology and new multiphysics surveys (magnetometric and gravimetric) of the 3D Nodes project of Parque das Baleias, also known as the Whale Park, in Campos Basin. The contract signed with... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on June 30, 2021, informs that it signed today with the company Petromais Global Exploração e Produção S.A. (Petro+) the agreement for the sale of the totality of its stake in a set of seven onshore and shallow water concessions denominated Alagoas Cluster, located... Continue Reading →
