Latin American oil auctions kick off after two-year lull
“The last two years have been hard for the region,” said Andres Armijos, the Latin America chief at energy consultancy Welligence. “There is now the…
Read MoreBrazil Licensing | Will anyone bid in Brazil’s 2nd Surplus Transfer of Rights Round?
In just over a month, companies will have a chance to pick up world-class pre-salt reserves in Brazil’s 2nd Surplus Transfer of Rights round, set…
Read MoreBrazil’s Atapu and Sepia Surplus ToR opportunities – will the industry bite?
What will industry appetite be for the Atapu and Sepia Surplus ToR opportunities? The assets have been made available again following the absence of bids…
Read MoreAmericas M&A Report – Market heats up: Petrobras set to bring in US$5 billion+ as deals pick up speed
In the latest update of our Americas M&A tracker, which covers the US Gulf of Mexico, Latin America and the Caribbean, we have identified approximately…
Read MoreBrazil Licensing | Round 17 belongs to Shell – what did the company see that others missed?
Brazil’s Round 17 was underwhelming. Only five blocks (out of 92) were awarded, no competitive bidding took place, and only two companies (Shell and Ecopetrol)…
Read MoreBrazil Rumblings on the Ground | Transitioning to gas and the rise of the Brazilian independent
Wellcome to the Welligence “Rumblings on the Ground” series. In these short notes, we provide key findings from our interactions throughout Africa, Latin America, and…
Read MoreAmericas M&A Report – Everything in play: Brazil pre-salt, Mexico deepwater, and high-risk Argentina assets
In the latest update of our Americas M&A tracker, which covers the US Gulf of Mexico, Latin America and the Caribbean, we have identified approximately…
Read MoreCan 3R Offshore turn around troubled Papa-Terra field?
On 12 July 2021, 3R Offshore announced the acquisition of Petrobras’ 62.5% operating stake in the ultra-heavy oil Papa-Terra field, located in the south of…
Read MoreAnother Petrobras onshore divestment creates a new rising Brazilian independent
The independents’ peer group space in Brazil is fast-growing, particularly onshore. There has always been enormous interest, but Petrobras’ dominance was the obstacle to company…
Read MoreExxon’s board shakeup could force review of billions of dollars in spending
Guyana and Brazil’s offshore fields will be prioritized, said Ruaraidh Montgomery at researcher Welligence.
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