Energy & Oil

Thursday, April 11th 2019 - 09:07 UTC
Brazilian prosecutors planning to file criminal charges to mining giant Vale SA

Brazilian prosecutors plan to file criminal charges against Vale SA and employees of the mining giant over the deadly collapse of a mine-waste dam in January, the lead investigator told The Wall Street Journal.
Thursday, April 11th 2019 - 06:54 UTC
Petrobras to receive US$ 9.058bn following agreement with the government

The Brazilian government reached a landmark deal to pay state-controlled oil company Petrobras SA US$9.058 billion for revising a transfer-of-rights oil contract, Energy Minister Bento Albuquerque said.
Wednesday, April 10th 2019 - 09:27 UTC
Saudi's oil company Aramco plans to borrow US$ 12bn in its debut bond sale

Saudi Aramco is planning to borrow US$12 billion in its debut bond sale as the oil giant pulls off one of the most oversubscribed debt deals of all time. Investor orders for the dollar bonds reached an excess of US$100 billion at the peak on Tuesday, according to market experts
Tuesday, April 9th 2019 - 07:29 UTC
Venezuela pledges to fulfill its commitments to Cuba despite US sanctions

Venezuela will “fulfill its commitments” to Cuba despite United States sanctions targeting oil shipments from Maracaibo to its ideological ally, Foreign Minister Jorge Arreaza said on Monday.
Saturday, April 6th 2019 - 10:00 UTC
Blackouts hit Venezuela oil output, and clog Orinoco basin tar-oil pipelines

Rolling blackouts across much of Venezuela that started on March 7 paralyzed most of the country’s oil wells and rigs, which have slowly come back online. Oil output averaged less than 600,000 bpd during the blackouts, the people said, who asked not to be identified because the information isn’t public.
Saturday, April 6th 2019 - 09:20 UTC
US blacklists PDVSA tankers and two companies shipping Venezuelan oil to Cuba

US Vice President Mike Pence announced sanctions on Friday on 34 vessels of Venezuela's state oil company and two companies that ship crude to Cuba as Washington pushes to oust President Nicolas Maduro.
Saturday, April 6th 2019 - 09:17 UTC
Dutch campaigners hand Shell a lawsuit forcing it to meet Paris climate accords

Climate campaigners marched to Shell's headquarters in the Netherlands on Friday and handed the oil giant a lawsuit aimed at forcing it to meet targets in the Paris accord. Dozens of chanting activists went to the Anglo-Dutch firm's base in The Hague, where they delivered a legal summons with a court date set for Apr 17.
Saturday, April 6th 2019 - 09:02 UTC
French/Canadian consortium takes Petrobras major gas pipeline in north Brazil

A consortium led by France's Engie SA submitted the highest offer for a major gas pipeline unit owned by Petrobras, the state-run oil firm said on Friday, as the company's biggest divestment draws to a close.
Wednesday, April 3rd 2019 - 19:15 UTC
Guaidó after the strip of his immunity: “Nothing is going to stop us”; leaders ask for military intervention

The ruling National Constituent Assembly (ANC) decided to withdraw parliamentary immunity to the opposition leader, President of the National Assembly (AN) and declared interim President of Venezuela, Juan Guaidó, who affirmed that nothing will stop him by ensuring that “there is no need to respond to an organism that does not exist. ” Opposition leaders expect to activate an article of the constitution that allows the AN to authorize a foreign military intervention in the country in order to withdraw “illegitimate” President Nicolás Maduro.
Wednesday, April 3rd 2019 - 08:43 UTC
Rockhopper cuts losses and is progressing on Falklands' oil field development

Rockhopper Exploration PLC on Tuesday said its loss narrowed in 2018 as it progresses on field development in the Falkland Islands. The oil & gas exploration and production company's loss narrowed in 2018 to US$ 7.1 million from US$ 9.0 million a year before, as revenue climbed to US$ 10.6 million from US$ 10.4 million.