Tag: oil

• Tuesday, May 28th 2019 - 09:03 UTC

  Brazil's once richest man fined US$ 134 million for insider trading

  

  Eike Batista, once the richest man in Brazil, has been fined around US$134 million for insider trading, the securities commission said on Monday as the ex-billionaire remains under house arrest pending an appeal against a 30-year jail sentence.

• Thursday, May 16th 2019 - 08:24 UTC

  Oil prices edge up on the Iran situation, but inventories are still very high

  

  Oil prices edged up on Thursday to extend gains into a third straight session, as tensions in the Middle East stoked fears of potential disruptions to supply. Brent crude futures were at US$72.04 a barrel at 0110 GMT, up 27 cents, or 0.4per cent, from their last close. Brent closed up 0.7per cent on Wednesday.

• Saturday, May 11th 2019 - 08:31 UTC

  YPF focusing on shale oil to increase production growth

  

  YPF, the largest oil and natural gas producer in Argentina, is focusing on shale oil for production growth as a glut slows natural gas output, managers at the state-backed company said Friday.

• Friday, May 10th 2019 - 09:11 UTC

  Shell to invest US$ 2bn annually in Brazil until 2025

  

  Shell plans to invest as much as US$2 billion annually in its Brazilian operations by 2025, Shell’s chief executive officer Ben van Beurden told Brazilian business daily Valor Economico in an exclusive interview published on Thursday.

• Thursday, May 9th 2019 - 08:41 UTC

  Brazil expects US$ 30bn from offshore oil auctions next October and November

  

  Brazil expects to collect some US$ 30 billion in signing bonuses this year from three upcoming offshore oil auctions set for October and November, an official revealed this week.

• Friday, May 3rd 2019 - 09:14 UTC

  Chevron completes purchase of controversial Petrobras refinery in Houston

  

  Chevron Corp completed a US$ 350 million purchase of a refinery in the Houston suburb of Pasadena, Texas, from Brazil’s Petrobras, Chevron said in a statement. The sale was agreed to in January, but Chevron put the transfer of the 112,229-barrel-per-day plant’s ownership on hold on April 2, telling Petrobras it had to prove the refinery would operate as promised.

• Saturday, April 27th 2019 - 09:38 UTC

  Petrobras details divestment list including refineries; Bolsonaro open to privatization of oil company says minister

  

  Brazil's state-controlled oil company Petrobras on Friday for the first time detailed long-awaited plans to sell a series of refineries and other assets as the company focuses on its core oil and gas exploration business.

• Friday, April 19th 2019 - 09:29 UTC

  Brazil to put up new pre-salt oil blocks for auction in October

  

  Brazil will hold an offshore oil deposit auction in October featuring blocks that were the object of a long-running dispute with state energy giant Petrobras. Reuters reports, citing Economy Minister Paulo Guedes, that participants in the auction will need to cough up a signing bonus of a total US$26.9 billion for the four blocks.

• Friday, April 19th 2019 - 09:27 UTC

  ConocoPhillips pulling out of the North Sea oil exploration and production

  

  ConocoPhillips is pulling out of UK exploration and production after selling its North Sea oil and gas assets to Chrysaor for US$ 2.68bn (£2bn). The sale will boost Chrysaor's production by about 72,000 barrels a day to 177,000 - making it one of the UK's biggest operators.

• Thursday, April 18th 2019 - 08:33 UTC

  Spain's Repsol suspends swaps of refined products for crude from Venezuela

  

  Spain’s Repsol has suspended its swaps of refined products for crude with Venezuela’s state-run oil company PDVSA, as U.S. officials weigh penalties for foreign firms doing business with Venezuela.