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The Special Bidding Commission of the National Petroleum Agency (ANP) approved this week the enrollment of three new companies in the Permanent Offer: Giongo Oil and Gas, Nobel Energy and Petropotiguar Petróleo e Gás. There are 65 companies authorized to participate in this bidding process modality . Approved companies may declare interest in one or... Continue Reading →
PetroReconcavo defined the price range in its initial public offering (IPO) between R$ 15.50 to R$ 19.50 per share. Considering the base offer of 70 million shares and the middle range, R$ 17.50, the transaction may raise R$ 1.225 billion. The offer is totally primary, that is, the funds go to the company's cash. There... Continue Reading →
Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to reduce its greenhouse gas emissions in the coming decades. The disclosure is a rare admission by a major oil and gas company that some of... Continue Reading →
- Petróleo Brasileiro S.A. – Petrobras informs that the Annual and Extraordinary General Meeting, held today, exclusively under the digital format analyzed and approved, by majority vote, the following: ANNUAL GENERAL MEETING I. Assessing the Management’s accounts, examining, discussing and voting on the Management’s Report and the Company’s Financial Statements, with... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on February 24, 2021, informs that, in a meeting held today, the Annual General Meeting approved the proposal for allocation of the 2020 fiscal year results forwarded by the Board of Directors, of remuneration to shareholders in the form of dividends in the amount... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news in the media, informs that it became aware of an injunction decision of the Federal Regional Court of the 1st Region, issued today, which suspended, among other things, the migration of the operational management of the Petrobras health care plan for Associação Saúde Petrobras and... Continue Reading →
(Reuters) - Brazil’s government is considering using some of the proceeds from an upcoming oil auction to create a fund that would protect domestic consumers from swings in fuel prices, a source with direct knowledge of the matter told Reuters. The proceeds would come from the planned November auction of the Atapu and Sepia deepwater... Continue Reading →
(Reuters) -Oil prices surged 5% on Wednesday, after a report from the International Energy Agency, followed by U.S. inventory data boosted optimism about returning demand after the coronavirus lockdowns last year crushed fuel consumption. Brent crude futures rose $3.16, or 5%, to $66.83 a barrel by 1:38 p.m. EDT (1738 GMT). U.S. West Texas Intermediate... Continue Reading →
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(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil, and Argentina, today announced its operational update for the three-month period ended March 31, 2021 (“1Q2021”). All figures are expressed in US Dollars. Growth... Continue Reading →
