BOGOTÁ, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 27.Apr.2026, Words: 266) — Brava Energia S.A. entered into an agreement with Petróleo Brasileiro S.A. (PETROBRAS) for the sale of 100% of a portion of the ring-fence of the Argonauta field (BC-10 Concession), in the Campos basin. Said field is held by […]
Tag: ONGC
PETROBRAS boosts Campos basin presence with purchase of Argonauta ring-fence
BOGOTÁ, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 27.Apr.2026, Words: 486) — PETROBRAS entered into an agreement to acquire 100% of a portion of the ring-fence of the Argonauta field (BC-10 concession) in the Campos basin, currently held by Shell (Shell Brasil Petróleo Ltda.), ONGC (ONGC Campos Ltda.), and Brava […]
Petrobras and PPSA ink equalization agreement for Jubarte pre-salt shared reservoir
SALVADOR DE BAHIA, BRAZIL (By Pedro Silva, Energy Analytics Institute, 20.Oct.2025, Words: 294) — Petrobras signed the expenses and volumes equalization agreement (AEGV) with Pré-Sal Petróleo S.A. (PPSA), resulting from the production individualization agreement (AIP) for the Jubarte pre-salt shared reservoir. The amount owed by Petrobras to PPSA is R$1.54bn, […]
Viridien secures sale of Sercel Marlin Offshore Logistics solution to ONGC
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 6.May.2025, Words: 244) — Viridien sold its state-of-the art Sercel Marlin™ Offshore Logistics management solution to Oil and Natural Gas Corporation (ONGC) to enhance operational efficiency and safety across its Western offshore E&P operations in India. The sale includes a 5-year contract to […]
Venezuela Assigns Oil to ONGC, Maurel & Prom as They Seek US Approval
(Reuters, 1.Mar.2022) — Venezuela’s state-run oil company PDVSA has agreed to allocate cargoes to producers ONGC from India and Maurel & Prom from France to settle debts, but the deals await U.S. authorizations, two people close to the discussions said. PDVSA in recent months assigned a 2 million-barrel cargo of […]
NOCs To Slash Exploration Budgets
(WoodMac, 20.May.2020) — National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie. The analysis is based on announcements and tracking well plans of 11 top spending NOC explorers, including three Chinese NOCs, PTTEP, PETRONAS, ONGC, Qatar Petroleum, […]
GeoPark Closes Amerisur Acquisition
(GeoPark, 16.Jan.2020) — GeoPark Limited closed the previously announced acquisition of Amerisur Resources Plc. GeoPark acquired the entire issued share capital of Amerisur for a total cash consideration of approximately $314 million (approximately £242 million at an offer price of 19.21 pence per share). The Company is funding the transaction […]
GeoPark Announces All-Cash Deal With Amerisur
(GeoPark, 15.Nov.2019) — GeoPark Limited, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador announces the acquisition of Amerisur Resources Plc. Strategic Rationale: Capturing Scale GeoPark has a 17-year track record of creating value […]
Petrobras Confirms Extension Of Accumulation In Moita Bonita Area
(Petrobras, 18.Apr.2019) — Petrobras announces that it has completed the drilling of the well 3-SES-192 (Petrobras nomenclature) / 3-BRSA-1367-SES (ANP nomenclature)l in the area known as Moita Bonita, located in the BM-SEAL-4 concession, 80 km from the city of Aracaju, at a water depth of 2,629 meters. The results of […]
India’s ONGC Gets $32 Million Payment From PDVSA
(Reuters, 5.Dec.2018) — India’s Oil and Natural Gas Corp (ONGC) has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a settlement of outstanding dividend payments and said it now hopes that Venezuela’s state oil firm will be regular in making further payments, a senior […]
ONGC Gets $32mn Pmt From PDVSA
(Reuters, Nidhi Verma, 4.Dec.2018) — India’s Oil and Natural Gas Corp has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a settlement of outstanding dividend payments and said it now hopes that Venezuela’s state oil firm will be regular in making further payments, a […]
ONGC Gets $32mn Pmt From PDVSA
(Reuters, 4.Dec.2018) — India’s Oil and Natural Gas Corp has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a settlement of outstanding dividend payments and said it now hopes that Venezuela’s state oil firm will be regular in making further payments, a senior ONGC […]
PDVSA advances with plants at Sinovensa, Petrocarabobo projects in Venezuela
(Energy Analytics Institute, Piero Stewart, 28.Apr.2016, Words: 285) — PDVSA has started work on the heavy oil treatment plants at the joint-venture companies Petrolera Sinovensa and Petrocarabobo, located in the south of Monagas and Anzoátegui states, respectively. Investments in the Petrolera Sinovensa plant are expected to total $40 million plus […]
LatAmNRG: Heard on the Street 1Q:15
(Energy Analytics Institute, 30.Mar.2015) – Information in this section, provided by Energy Analytics Institute editors and reporters, is hearsay and thus should be treated as such. REGARDING COLOMBIA * A small group of Venezuelans are interested in acquiring an interest in Colombian oil company Pacific Rubiales. REGARDING VENEZUELA * To […]
Petronas Exits Carabobo Project in Venezuela
(Energy Analytics Institute, Ian Silverman, 11.Sep.2013) – Malaysia’s Petronas will exit the Petrocarabobo project in Venezuela’s Orinoco Heavy Oil Belt or Faja, according to Venezuela’s Oil Minister Rafael Ramirez. The Petrocarabobo project, which requires an investment of $20 bln, will last for 25 years and includes construction of a 200,000 […]