Search results for: HRT

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  • 4 February 2014
    Business & Finance

    HRT Participações em Petróleo S.A. last week concluded the first crude offtake of 233.3 thousand barrels (net HRT) under HRT O&G’s responsibility as the operator of the Polvo Field, in the Campos Basin, offshore Brazil. Next HRT O&G’s crude oil sale will likely happen by no later than the first week of March, 2014, with […]

  • 4 April 2012
    Business & Finance

    Brazil’s HRT Participações em Petróleo S.A. has began discussions with leading oil companies to evaluate the possibility of entering into partnership in its world class Namibian exploration acreage. Through its wholly owned subsidiaries, HRT is the operator of ten exploration blocks in the Namibian offshore (and holds carried interest in two additional blocks) in the […]

  • 25 December 2013
    Business & Finance, Project & Tenders

    HRT Participações em Petróleo S.A. (the “Company” or “HRT”), together with its wholly-owned subsidiary, HRT Oil & Gas Ltda (“HRTO&G“), announce that it acknowledged the approval, through the Official Letter given on December 18th, 2013, of the request for the Assignment of Interests regarding a 60% participating interest in the Polvo Field from BP Energy do […]

  • 13 May 2013

    Brazilian oil company HRT Participações em Petróleo S.A. on Friday, May 20, announced that Marcio Rocha Mello’s resigned as Chief Executive Officer of the company. He will remain as a member of the Board of Directors of the Company. “I resign to the position of Chief Executive Officer of HRT, the Company I had proudly […]

  • 25 December 2013
    Business & Finance, Operations & Maintenance, Project & Tenders

    HRT Participações em Petróleo S.A. (HRT), together with its wholly-owned subsidiary, HRT Oil & Gas Ltda (HRTO&G), have acknowledged the approval of the request for the Assignment of Interests regarding a 60% participating interest in the Polvo Field from BP Energy do Brasil Ltda (BP) to HRT O&G by the National Petroleum, Natural Gas and […]

  • 9 July 2014
    Business & Finance

    HRT Participações em Petróleo S.A., jointly with its wholly-owned subsidiary, HRT Oil & Gas Ltda announces that it has entered into a purchase and sale agreement with Maersk Energia Ltda to acquire a 40% participating interest in the Polvo Field, in the Campos Basin. The completion of the purchase and sale transaction between HRTO&G and […]

  • 8 February 2013

    Brazil’s oil company HRT Participações em Petróleo S.A. announces that today the semi-submersible drilling-rig Transocean Marianas from Transocean yesterday arrived in Walvis Bay, Namibia. The rig will undergo mandatory maintenance for the next three to four weeks, before starting HRT’s drilling campaign in Walvis and Orange sedimentary basins. The Marianas is expected to Start drilling […]

  • 7 August 2013

    HRT Participações em Petróleo S.A. announces the spud of the Moosehead-1 well (2713/16-1) (“Moosehead-1”), the third offshore well in its exploratory drilling campaign. This well is targeting the Moosehead Prospect, located in Petroleum Exploration License 24 (“PEL 24”), in the Orange Basin, offshore the Republic of Namibia. The Moosehead-1 well is located 197 km southwest […]

  • 15 August 2014

    HRT of Brazil said it is working with Rosneft of Russia on a plan for the monetization of liquefied natural gas. “At the beginning of July, 2014, HRT, Rosneft and Petrobras, signed a new Memorandum of Understanding for the second phase of the Gas Monetization Project, regarding the establishment of cooperation in the review of development systems […]

  • 21 July 2011
    Operations & Maintenance, Research & Development

    HRT Participações em Petróleo S.A. , announces that on July 19th, acquistion was concluded on the 5,278 km2 3D seismic program over HRT’s offshore blocks 2112B and 2212A in Walvis Basin, as seen in the image attached hereto. This survey was conducted by the Polarcus Naila vessel. In January 2011, HRT signed two seismic acquisition […]

  • 21 July 2011
    Business & Finance

    HRT Participações em Petróleo S.A. , announces that on July 19th, acquistion was concluded on the 5,278 km2 3D seismic program over HRT’s offshore blocks 2112B and 2212A in Walvis Basin, as seen in the image attached hereto. This survey was conducted by the Polarcus Naila vessel. In January 2011, HRT signed two seismic acquisition […]

  • 9 July 2014
    Business & Finance, Project & Tenders

    HRT Participações em Petróleo S.A. has confirmed signing of a purchase and sale agreement with Maersk Energia Ltda (“Maersk”) to acquire a 40% participating interest in the Polvo Field, in the Campos Basin, offshore Brazil. The completion of the purchase and sale transaction between HRTO&G and Maersk is subject to certain conditions, including the final approval […]

  • 17 January 2013
    Business & Finance

    HRT Participações em Petróleo S.A. has received the semi-submersible drilling-rig Transocean Marianas from Transocean, offshore Ghana. The rig will be in transit to Namibian waters for the next three weeks and, then, she will undergo mandatory maintenance for the following 21 days, before starting HRT’s drilling campaign in Walvis and Orange sedimentary basins. The Marianas […]

  • 13 January 2014
    Business & Finance

    BW Offshore has signed an agreement with HRT for a one year extension for the lease and operation of the FPSO Polvo. The firm period has been extended to Q3 2015 (from Q3 2014), with options until Q3 2022. The Polvo oil field is owned by HRT (operator, 60%) and Maersk (40%). With reference to […]

  • 24 October 2012

    HRT Participações em Petróleo S.A. announced that its subsidiary HRT O&G Exploração e Produção de Petróleo, Petróleo Brasileiro S.A. and TNK-Brasil Exploração e Produção de Óleo e Gás Natural signed a Letter of Intent for the gas monetization in the Solimões Basin. The LOI was signed by the CEO of Petrobras, Ms. Maria das Graças […]

  • 25 January 2013

    HRT Participações em Petróleo S.A.  announces that, the assignment of a 14% participating interest in the exploratory rights over three (3) offshore Petroleum Exploration Licences (PEL) in Namibia to Galp Energia, was approved by the Minister of Mines and Energy (“MME”) of the Government of Namibia. As informed by the Company on November 26, 2012, […]

  • 27 November 2012
    Business & Finance

    Brazil’s HRT PARTICIPAÇÕES EM PETROLEO S.A. (HRT) has signed a Farm-Out Agreement with Galp Energia in regard to the assignment of a 14% participating interest in exploratory rights over three offshore Petroleum Exploration Licences (PEL) in Namibia – specifically PEL 23 in the Walvis Basin and PELs 24 and 28 in the Orange Basin. HRT […]

  • 15 August 2013

    HRT Participações of Brazil said that LNG is its preferred solution to move gas from isolated Amazon wells to paying customers. HRT and NK Rosneft of Russia have signed letters of intent with Petrobras to cooperate on projects to “monetize” or sell gas from Amazon, Reuters informs. LNG’s costs, plus large future exploration needs in […]

  • 5 October 2011
    Business & Finance

    HRT Participações em Petróleo S.A. announces that the Ministry of Mines and Energy of the Republic of Namibia  has extended the Initial Exploration Period in  the 2815, 2816 and 2915 offshore blocks in the Orange Sedimentary Basin. More precisely, the five years of the Initial Exploration Period (Petroleum Exploration License no . 0022) which ended […]

  • 13 December 2013
    Business & Finance

    BW Offshore has signed a Letter of Intent to acquire 30% of the Polvo oil field in Brazil. The definitive agreements are still subject to a due diligence process to be conducted by BW Offshore, and remains subject to regulatory, governmental and board approvals. Following the ongoing sale of BP’s stake in the Polvo field […]

  • 13 December 2013
    Business & Finance, Project & Tenders

    BW Offshore has signed a Letter of Intent to acquire 30% of the Polvo oil field in Brazil. The definitive agreements are still subject to a due diligence process to be conducted by BW Offshore, and remains subject to regulatory, governmental and board approvals. Following the ongoing sale of BP’s stake in the Polvo field […]

  • 13 January 2014
    Business & Finance

    BW Offshore has signed an agreement with HRT for a one year extension for the lease and operation of the FPSO Polvo. The firm period has been extended to Q3 2015 (from Q3 2014), with options until Q3 2022. The Polvo oil field is owned by HRT (operator, 60%) and Maersk (40%). With reference to BW Offshore’s notice […]