Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Oil futures rose on Friday on course for a fourth weekly gain boosted by supply constraints and a weaker dollar and despite sources saying China is set to release crude reserves around the Lunar New Year. read more Brent crude futures rose $1.16, or 1.4%, to a two-and-a-half month high of $85.63 a barrel... Continue Reading →
(Reuters) - Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday. Royal Dutch Shell (RDSa.L) had agreed in May to sell its majority stake in the Deer Park refinery, which can process up to 340,000 barrels... Continue Reading →
TotalEnergies E&P Suriname, a subsidiary of the French energy major TotalEnergies, has decided to exercise its option for one additional well to be drilled by the Maersk Drilling-owned Maersk Valiant rig. Maersk Drilling reported on Friday that TotalEnergies’ Suriname branch has exercised an option to add the drilling of one additional well in Block 58... Continue Reading →
More shuttle tankers will be needed in the years ahead to keep pace with a projected rise in oil volumes needing transport, Rystad Energy said. Produced volumes requiring transport key shuttle tanker markets Brazil, Canada, Norway, the U.K. and Russia are expected to rise to 3.3 billion barrels per year before the end of the... Continue Reading →
SBM Offshore is pleased to announce the proposed appointment of Øivind Tangen as Chief Operating Officer (COO) and member of its Management Board. Øivind Tangen (1973, Norwegian) has been working for the Company for 19 years and has a wealth of experience in engineering and operational roles, as well as in strategy and project execution.... Continue Reading →
Brazilian oil and gas company Enauta has stopped production from the Atlanta field, located offshore Brazil, for inspection and repair following a pipeline issue. Enauta disclosed the preventive stoppage of production at the Atlanta field on Thursday. The firm explained the production at the field was stopped for inspection and repair of a production line... Continue Reading →
(epbr) The Administrative Council for Economic Defense (Cade) approved, without restrictions the acquisition of the Carmópolis Cluster, sold by Petrobras to Carmo Energy. The regulatory agency understood that there is no harm to the competitive environment in the oil and gas sector. Carmo Energy, an affiliate of the Spanish group Cobra, will take over the... Continue Reading →
(WO) Environmental activists in Argentina are trying to prevent new oil exploration in the resource-rich South American nation just days after forcing a governor in Patagonia to reverse course on silver mining. The government has been lobbying the case for drillers to search for oil in the Atlantic Ocean ever since protests last week in... Continue Reading →
(WO) U.S. annual oil production is set to rise to a record next year as shale producers continue to boost output. Oil supply will average 12.41 million barrels a day in 2023, according to the Energy Information Administration. That would surpass the current annual high of 12.3 million barrels a day set in 2019, the... Continue Reading →
Reuters) - Oil prices steadied near 2-month highs on Thursday, with Brent crude trading near $85 a barrel buoyed by expectations that a strong economic recovery will boost demand, but rising U.S. inventories and high inflation capped gains. Brent crude futures gained 15 cents, or 0.2%, to $84.82 a barrel, by 1024 GMT. U.S. West... Continue Reading →
