Energy & Oil

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.
Monday, October 5th 2020 - 09:58 UTC
Guyana's big profits dreams crushed by the pandemic and the “resource curse”

By Amy Myers Jaffe (*) – This year was supposed to bring great things for Guyana. ExxonMobil discovered massive oil deposits off the South American country’s Caribbean coast in 2015, and Guyana sold its first cargo of crude oil this February. As production ramps up, its first stage offshore wells were projected to produce 750,000 barrels a day by 2025, tripling the size of Guyana's economy, from US$ 3,4 billion to US$ 13 Billion.
Thursday, October 1st 2020 - 09:01 UTC
Indigenous activists in Peru occupy infrastructure from state run oil company Petroperú

More than 100 indigenous activists in Peru´s Amazon occupied infrastructure belonging to the state-run Petroperú pipeline, the company said, demanding improved social benefits and health care in the face of the coronavirus pandemic.
Monday, September 28th 2020 - 09:05 UTC
OPEC is sixty, and feels old, exhausted and in need of more partners

OPEC faces a critical moment in its 60-year history with the coronavirus crushing crude demand and prices, discord among its members, and threats from a world seeking cleaner fuels.
Monday, September 28th 2020 - 08:30 UTC
Libya's Hariga port resumes loading export oil after an eight month blockade

An oil tanker is expected to load crude at Libya's Marsa el-Hariga terminal this week, the first since a blockade by eastern forces in January slashed the OPEC member's oil production to a trickle.
Tuesday, September 22nd 2020 - 08:50 UTC
US imposes more sanctions on Iran and Maduro, and demands Europe follows suit

The United States said on Monday it was imposing sanctions on Iran's defense ministry and Venezuelan President Nicolas Maduro under a contested UN authority and demanded that Europe follow suit.
Tuesday, September 22nd 2020 - 08:34 UTC
Petrobras faces unexpected challenges in its attempt to sell refineries

Brazilian oil company Petrobras said on Monday it will open another round of bidding for its Repar refinery in the state of Parana after receiving binding offers that were too similar in value.
Saturday, September 19th 2020 - 09:50 UTC
Argos Resources plans to request extension of North Falkland Basin license

Falkland Islands' based Argos Resources Ltd said on Friday its interim loss widened on foreign exchange movements, but it has enough cash to continue for another year as some costs have been delayed.