Energy & Oil

Wednesday, October 28th 2020 - 09:25 UTC
Brazil third largest supplier of crude oil to China during September; Russia leads

Data from the Chinese Customs Administration indicates that in September, Brazil advanced to the position of third-largest supplier of crude oil to the Asian country, as independent Chinese refiners obtain cheap and a relatively high-quality supply from the South American exporter.
Add your comment!
Wednesday, October 28th 2020 - 09:23 UTC
Huge volumes of discovered hydrocarbons remain 'stranded' in South Atlantic fields of Brazil, Angola and Falklands

Huge volumes of discovered hydrocarbons worldwide are currently ‘stranded,’ according to a study by Westwood Global Energy Group. The consultant has identified 119 fields in this category that were found between 2008 and 2016 with collectively 11 Bbbl of oil and 36 Bboe of gas, but currently not progressing toward development, including Brazil, Angola, and the Falkland Islands in the south Atlantic.
Add your comment!
Wednesday, October 28th 2020 - 09:06 UTC
Guyana extends Noble Corporation drillship rig contract 6,5 years to August 2030

Noble Corporation plc's ultra-deepwater drillship Noble Tom Madden has received about 6.5 years of additional contract term under the commercial enabling agreement (CEA) with ExxonMobil for work offshore Guyana.
Add your comment!
Tuesday, October 27th 2020 - 08:41 UTC
Falklands awards extension of oil licenses until 2022 to Borders & Southern

Oil company Borders & Southern Petroleum said it has been granted an extension to its Falkland Islands licenses.
1 comment
Friday, October 23rd 2020 - 08:55 UTC
Argentina plans US$ 1,5bn subsidies to resurface Vaca Muerta output: “cheaper than importing LNG”

Argentina’s cash-strapped government says it can find US$ 5.1 billion to give to natural gas drillers in a bid to resurface the country’s Vaca Muerta shale patch and prevent a jump in imports of the fuel.
10 comments
Wednesday, October 21st 2020 - 09:40 UTC
Venezuelan tanker listing dangerously: fears of a catastrophic spill of 1,3 million barrels of crude

Concerns are growing that an oil tanker carrying millions of gallons of oil could spill its load into the sea between Venezuela and Trinidad and Tobago, causing an ecological catastrophe.
Add your comment!
Friday, October 16th 2020 - 09:58 UTC
Argentina wants energy firms to invest US$ 5 billion to boost gas production

Argentina wants energy firms to invest some US$ 5 billion to boost hydrocarbon production and generate jobs in the country's prized Vaca Muerta shale play, as well as to bring in much-needed foreign currency.
Friday, October 9th 2020 - 09:49 UTC
More investigations into Petrobras corruption, this time involving bunker fuel contracts

Brazilian police expanded the Car Wash corruption investigation to alleged kickbacks valued at US$ 8 million on contracts for bunker fuel bought by state-run oil company Petrobras for its fleet of tankers.
Thursday, October 8th 2020 - 09:30 UTC
Falklands expects Premier Oil/Chrysaor merger will create new opportunities for Sea Lion oil/gas development

The Falkland Islands Government has taken notice of the recent press release concerning the proposed merger of Premier Oil plc and Chrysaor Holdings Ltd.
Wednesday, October 7th 2020 - 09:45 UTC
Premier Oil absorbed by Chrysaor, becomes the largest independent oil and gas group on London Stock Exchange

Shares in Premier Oil, with interests in the Falkland Islands, soared more than 14% on Tuesday, after the oil explorer agreed with a reverse takeover that will create the largest London-listed independent oil-and-gas group, producing more than 250,000 barrels of oil a day.