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Brazil’s Petrobras says O&G output for October topped 2.7 million boed

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Petrobras said on Thursday that its total oil and natural gas output in October was 2.77 million barrels of oil equivalent per day (boed), of which 2.67 billion boed was produced in Brazil and 104,000 boed abroad. The average oil...
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Total Chief would review Iran gas deal if new sanctions arose

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French oil and gas major Total would have to review its Iran gas project if the U.S. decided to impose unilateral sanctions on Tehran, given the company’s assets in the U.S. market, its chief executive told CNN. The oil major...
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Ecopetrol, Repsol acquire oil blocks in Gulf of Mexico

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Colombia’s state-run oil company Ecopetrol ECO.CN, in partnership with Spain’s Repsol (REP.MC), has acquired four new blocks in the Gulf of Mexico for deep water oil exploration, Ecopetrol said on Friday. Ecopetrol’s U.S. subsidiary, Ecopetrol America Inc., and Repsol can...
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Shell’s long-standing head of crude trading Muller quits

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Royal Dutch Shell’s head of crude oil trading, Mike Muller, has stepped down after 29 years with the company, an internal announcement reviewed Nov. 17 by Reuters showed. Muller, one of the world’s most powerful oil traders, has relinquished his...
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Oil climbs but still set for first fall in six weeks

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(Reuters) Oil prices climbed on Nov. 17 but were still heading for their first week of losses in six, weighed down by Russian hesitation for extending a global pact to cut output and curb oversupply. Benchmark Brent crude oil was...
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Rosneft drills world’s longest well

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Russia-based Rosneft, as a member of Sakhalin-1 Consortium, successfully completed drilling of the world's longest well from Orlan platform at Chaivo field in the Sea of Okhotsk. The length of the well with horizontal completion is 15000 m which currently...
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Guyana should start borrowing money now to fix crumbling infrastructure – Presidential Advisor

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While Guyana will not receive revenue from oil production until 2020, Presidential Advisor on Petroleum, Dr. Jan Mangal, believes the South American country’s government can pursue loans now to begin fixing crumbling infrastructure. He said how oil revenue is ultimately utilized...
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Siemens cutting 6,900 jobs in power & gas, other divisions

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Siemens AG has announced that it will cut around 6,900 jobs worldwide in its Power and Gas Division (PG), Power Generation Services Division (PS) and Process Industries and Drives Division (PD) over the next ‘several years’. Most of the cuts,...
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Keystone Pipeline leaks 210,000 gallons of oil in South Dakota

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(CNN) A total of 210,000 gallons of oil leaked Thursday from the Keystone pipeline in South Dakota, the pipeline's operator, TransCanada, said. Crews shut down the pipeline Thursday morning and officials are investigating the cause of the leak, which occurred about...
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World’s biggest wealth fund wants out of oil & gas

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(Bloomberg) The $1 trillion fund that Norway has amassed pumping oil and gas over the past two decades wants out of petroleum stocks. Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to...
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Guyana must transform its oil boom into sustainable, broad-based prosperity – Minister Ally 

Guyana’s Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally, has called on business leaders to convert the...

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