Rigzone Industry News

A seven-week tug of war over Petrobras' dividends wound up with the company delivering a $4.3 billion payout to investors.

Three PV plants will be built at Petrobras refineries as part of the company's efforts to achieve emission reduction targets for 2030 and 2050.

Petrofac will provide services to support the operation of the region's Block B asset.

A court suspended Petroleo Brasileiro SA's government-appointed chairman for alleged conflicts of interest.

The discovery of Albian-age turbidite reservoirs carrying oil is 'unprecedented in the Potiguar Basin'.

An updated report gave best estimates of contingent recoverable resources of 1.2 billion barrels of marketable liquids.

Petro-Victory Energy Corp, a publicly traded company engaged in acquiring and developing crude oil and natural gas resources in Brazil, has found more oil in the Sao Joao field.

Prepare for more turmoil, lower inventories, and higher prices, Bjarne Schieldrop, the Chief Commodities Analyst at SEB said in a report sent to Rigzone.

'The dividend increase reflects the confidence we have in our growing mid-cycle cash flow generation and disciplined approach to capital allocation'.

Block EG-23 is located offshore Equatorial Guinea north of Bioko Island and adjacent to the producing Alba gas and condensate field.