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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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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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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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Brazil Faces Offshore Oil Dilemma

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(4-Traders) In a few months, Brazil's federal government will start receiving crude oil from a huge field, known as Libra, off the coast of Rio de Janeiro. But the government has no tanker ships to unload oil from the...
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Venezuela says debt refinancing underway, S&P calls selective default

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(Reuters) Venezuela’s cash-strapped government said its plan to refinance some $60 billion in bonds was successfully underway after a creditors’ meeting in Caracas but a rating agency declared the nation in selective default over missed coupon payments. President Nicolas Maduro’s...
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Exxon is drilling some extremely long shale oil wells

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(Bloomberg) Exxon Mobil Corp. is drilling shale wells that stretch farther than the length of New York’s Central Park. The world’s biggest oil explorer by market value recently finished four wells in North Dakota’s Bakken region that extend sideways for...
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Hess says production halted at several locations following Gulf of Mexico fire

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Hess Corporation (NYSE: HES), a 30 percent stakeholder in the Stabroek Block offshore Guyana, said on Monday that production has been halted at several locations resulting from a fire at the Shell Enchilada platform in the Gulf of Mexico. Shell advised in a statement on Nov....
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Former SBM CEO, sales executive, plead guilty in Petrobras scandal

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(Bloomberg) A former CEO of oil-services company SBM Offshore NV pleaded guilty Thursday to charges related to the Petrobras corruption scandal in Brazil as the U.S. steps up its pursuit of individuals over corporate misdeeds. ExxonMobil Guyana closely studying Petrobras corruption case...
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Venezuelan oil output heads to 29-year low as cash crunch grows

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(Bloomberg) -- Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most. Output is expected to slump to 1.84 million barrels a day next year, the lowest compared with official government...
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China Energy Investment signs MOU for $83.7B in US projects

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(Reuters) - China Energy Investment Corp, the world's largest power company by asset value, has signed a Memorandum of Understanding (MOU) to invest $83.7 billion in shale gas, power and chemical projects in West Virginia, the U.S state said...
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Exxon not backing out of Block S8 talks – Jagdeo 

ExxonMobil, Hess and CNOOC are not backing out of talks with the Guyana government for a shallow water block...

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