Tag: oil

Thursday, December 26th 2019 - 11:49 UTC
Saudi Arabia and Kuwait agree to resume oil production in the shared Neutral Zone

Saudi ARAMCO said on Wednesday a new agreement between Saudi Arabia and Kuwait paves the way for the resumption of oil production in the Neutral (partitioned) Zone shared by the two countries.
Monday, November 25th 2019 - 09:46 UTC
Brazilian oil spill keeps advancing and has reached the north of Rio do Janeiro state

Oil from a spill that has contaminated a stretch of Brazil's coast was detected in Rio de Janeiro state, the navy said over the weekend, as President Jair Bolsonaro warned the country was preparing for the worst.
Saturday, November 23rd 2019 - 09:04 UTC
Mexico's giant Pemex, remains world's most indebted oil company

A Mexican government energy policy that gives more weight to state oil company Pemex could cause private sector investment to fall, an analyst with credit ratings agency Standard & Poor’s said on Friday.
Thursday, November 7th 2019 - 09:43 UTC
Brazil's oil fields auction falls well short of expectations: US$ 17bn instead of US$ 26bn targeted

Brazil's auction of drilling rights to four deep-sea oil fields raised a disappointing US$17 billion on Wednesday, officials said, well short of expectations for the highly-anticipated mega sale.
Tuesday, November 5th 2019 - 09:45 UTC
Falklands extends duration of Rockhopper and Argos Resources oil exploration licenses

Rockhopper Exploration PLC said on Monday that the Falkland Islands government has extended the duration of the PL032 Discovery Area License until May 1, 2021, with no additional license commitments.
Tuesday, November 5th 2019 - 09:36 UTC
Brazilians desperately cleaning the oil spill ahead of the peak tourism season

Months after thick oil began turning idyllic beaches in Brazil into “black carpets,” workers and volunteers wearing rubber gloves race against time to scrape off the remaining fragments ahead of the country's peak tourism season.
Monday, November 4th 2019 - 09:45 UTC
Greek company denies any connection of one of its tankers with the massive oil spill in Brazilian beaches

The manager of an oil tanker being probed by Brazilian authorities in connection with an oil spill off the country’s coast has found “no proof” of the vessel conducting activities that may have led to leaks on a journey between Venezuela and Malaysia.
Monday, November 4th 2019 - 09:25 UTC
Saudi Arabia seeks to diversify economy, floats oil giant Aramco in search of funds

Saudi Arabia's giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world's biggest listing as the kingdom seeks to diversify its economy away from 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.
Saturday, November 2nd 2019 - 09:06 UTC
Brazilian Navy focus the major oil spill suspect on a Greek-flagged tanker

A Greek-flagged tanker is the main suspect in oil spills that have been appearing along the coast of Brazil for two months, the defense ministry said Friday, finally lifting some of the suspense over this “environmental catastrophe.”