SAO PAULO—Brazil's state-controlled oil company Petrobras sold stakes in a set of oilfields known as Polo Macau, located in the country's Potiguar Basin, to SPE 3R Petroleum for $191.1 million, the company said on Aug. 9.
Petrobras said the fields, both onshore and offshore, are already under production. The company also said it has started the sale process of stakes it has in 11 mature offshore oilfields in the Campos Basin, a set of assets known as Polo Garoupa.
Brad Casper’s resignation takes effect Aug. 31. Casper had served as president of U.S. Silica since his promotion to the position in January 2020.
The move comes as the November presidential election looms and the Trump administration aims to complete several more deregulatory actions on the spring Unifed Agenda, a list of its policy priorities.
Riviera Resources engaged EnergyNet to market its remaining upstream assets, CEO David Rottino says, with plans for the transactions to close by fourth-quarter 2020.