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.

• 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.

• 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.

• 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.

• 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.

• 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.

• 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.