Energy & Oil

Monday, November 4th 2019 - 08:31 UTC
Hess/ExxonMobil first oil in bountiful Guyana scheduled for December

Hess Corp's first oil in Guyana, where it is a partner in the crude-rich ExxonMobil-led Stabroek offshore block, will be in December, ahead of the previously stated Q1 2020 date, a top company executive said on Friday.
Friday, November 1st 2019 - 09:49 UTC
Brazil's oil slick heading to unique coral reefs; Navy has cut down possible culprits of the spill to ten vessels

With mystery oil slicks still moving down Brazil's coast, the Brazilian Navy sent more ships on Thursday to try to prevent the pollution of unique coral reefs of the Abrolhos Archipelago marine park, a haven of South Atlantic Ocean biodiversity.
Wednesday, October 30th 2019 - 09:23 UTC
Oil spills on Brazil's northeast beaches, “the worst environmental attack”

Oil spills washing up on beaches along more than 2,000 kilometers of Brazil’s northeast coastline could be the worst environmental “attack” in the country’s history, the CEO of Petrobras said on Tuesday.
Wednesday, October 30th 2019 - 08:36 UTC
Brazil has become a beacon for Big Oil foreign investment in the energy sector

When oil executives arrive in Rio de Janeiro this week for Brazil’s biennial Offshore Technology Conference, they will find themselves in Latin America’s most promising market for Big Oil by far. This signals a dramatic change from only a year ago.
Friday, October 25th 2019 - 09:55 UTC
Falklands oil industry has three planned and announced three FPSOs

South America, including the Falkland Islands, has the highest number of planned and announced floating production storage and offloading (FPSO) additions globally between 2019 and 2025, with 27 projects. This is followed by Africa, Asia and Europe with a respective 15, eight and seven FPSOs, says GlobalData, a leading data and analytics company.
Friday, October 25th 2019 - 09:45 UTC
Alarming level of mercury contamination in Amazon dolphins: illegal gold mining

Amazon river dolphins are showing alarming levels of contamination mainly because of illegal panning for gold, conservationists say. Researchers measured contamination levels in 46 of these large freshwater creatures known for long, bottle-like snouts in major basins of Brazil, Bolivia, Colombia and Peru.
Wednesday, October 23rd 2019 - 09:45 UTC
Brazil has collected 600 tons of oil from the spill along northeastern beaches

Brazil has collected more 600 tons of oil from its northeastern beaches since Sept. 12, the government said, more than double an estimate of oil and sand collected by state-run oil company Petrobras.
Wednesday, October 23rd 2019 - 08:58 UTC
Major pre-salt oilfields auction could raise some US$ 50 billion for Brazil

An auction next month of oilfields in Brazil may be the priciest ever held, raising at least US$ 50 billion in licensing fees and compensation. Exxon Mobil Corp., Royal Dutch Shell Plc and other energy giants are set to vie for deep-sea deposits that could hold 15 billion barrels of oil, almost twice as much as Norway’s reserves.
Monday, October 21st 2019 - 09:40 UTC
Ecuador resumes oil exports after days of violent protests

Ecuador on Sunday said it had resumed crude oil exports curbed by violent protests that forced several wells in the Amazon to halt operations.
Monday, October 21st 2019 - 09:16 UTC
Maritime industry trying to cut the use of heavy polluting fuels

Ship-owners say they are trying to cut their heavy-polluting industry's impact on the environment by using cleaner energy - but some have stalled over limiting the speed of ships.