Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Italian energy group Eni said on Tuesday it would lift a force majeure on exports of Nigerian Brass River crude oil this week after it completed repairs to a pipeline damaged by a blast. The group had cut oil and gas exports from its Brass Export terminal. "The force majeure is expected to... Continue Reading →
(Reuters) - A group of oil and gas "mini-majors" are emerging among U.S. shale producers, built from aggressive dealmaking that industry players expect will accelerate on strong commodity prices and the retreat of Europeans from U.S. onshore production. The players, including Devon Energy Corp , EQT Corp (EQT.N), Continental Resources (CLR.N), Pioneer Natural Resources (PXD.N) and Diamondback Energy ,... Continue Reading →
(PetroleoHoje) Petrobras started drilling a wildcat well in the Dois Irmãos block, in the pre-salt layer of the Campos Basin, last Friday. The Ocean Courage rig drilled in a water depth of 2,769 m. The unit was also used to drill the Alto do Cabo Frio Central wildcat well, in the pre-salt layer of the... Continue Reading →
Australian oil and gas company FAR Limited said Monday it would withdraw from its offshore blocks in Guinea Bissau after failed farm-out attempts. Separately, FAR said that STAM's takeover offer for FAR had closed, without the offer conditions being satisfied. FAR had urged shareholders to reject the offer. As for the Guinea Bissau news, FAR... Continue Reading →
(Reuters) - Oil prices dropped to their lowest in almost three weeks on Tuesday as Russia indicated it is in favour of the Iran nuclear deal resuming as soon as possible. Ceasefire talks between Russia and Ukraine further eased fears of supply disruptions and surging COVID-19 cases in China fuelled concerns about slower demand. Brent... Continue Reading →
(Reuters) - Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 70,000 barrels per day (bpd) to a record 5.208 million bpd in April, the U.S. Energy Information Administration (EIA) said in its productivity report on Monday. Total output in the major U.S. shale... Continue Reading →
(Reuters) - State-run Brazilian oil company Petrobras is close to reaching an agreement to sell to U.S. private equity firm EIG Energy Partners control of a natural gas pipeline that connects Bolivia and southern Brazil, three people with knowledge of the matter told Reuters. Petroleo Brasileiro SA, as the company is formally known, is expected... Continue Reading →
(Reuters) - Petrobras Chief Executive Joaquim Silva e Luna said on Monday he will not leave the Brazilian state-run oil company despite facing criticism from President Jair Bolsonaro and others over a fuel price hike announced last week. Luna, a retired army general, compared Petroleo Brasileiro SA's effort to raise prices to a "battle." Luna... Continue Reading →
(Reuters) - A Nigerian court has stopped Shell Plc (SHEL.L) from selling any assets in Nigeria until a decision is reached on the company's appeal of a nearly $2 billion penalty for an alleged oil spill. A copy of the court ruling, which was seen by Reuters on Monday, was issued on March 11 and also ordered... Continue Reading →
(OE) Norwegian offshore support vessel owner Siem Offshore said Monday a Brazilian court had ruled in favor of Petrobras in a case related to a late vessel delivery in 2015. "Siem Offshore do Brasil has been notified of the final unfavorable decision of a Brazilian court in a lawsuit filed against Petrobras. The case is... Continue Reading →
Brazil Energy Insight 