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Exxon to acquire interest in Brazil’s Carcara oil field from Statoil

OilNOW -
ExxonMobil announced Friday that it has completed an agreement to purchase half of Statoil’s interest in the BM-S-8 block offshore Brazil, which contains part of the pre-salt Carcara oil field. The Carcara field contains an estimated recoverable resource of 2...
News

Brazil judge suspends pre-salt oil auctions set for Friday

OilNOW -
(Reuters) - A federal judge in the Brazilian state of Amazonas issued an injunction on Thursday ordering the suspension of the billion-dollar auctions of pre-salt oil and gas rights scheduled for Friday. The injunction was sought by the leftist Workers...
News

ExxonMobil to resume exploration off Brazil

OilNOW -
US supermajor ExxonMobil is set to resume exploration activity off Brazil in the first half of 2018 after a nearly eight-year hiatus. The company will be shooting 3D seismic covering two ultra-deepwater blocks it recently farmed into in the...
Exploration

US to offer 77 million acres for oil & gas exploration in Gulf of Mexico

OilNOW -
(Energy Business Review) The US Interior Department (DOI) has announced plans to offer 76.9 million acres in federal waters of the Gulf of Mexico, offshore Texas, Louisiana, Mississippi, Alabama and Florida in lease sale for oil and gas exploration...
News

Guyana, Suriname mulling joint industrial venture for oil & gas

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Guyana’s Minister of Natural Resources, Raphael Trotman, has described his recent participation in the annual meeting of the New Petroleum Producers Discussion Group in Suriname as fruitful. The New Petroleum Producers Discussion Group is an initiative of London-based Chatham House,...
News

Mexico looking to hold third oil & gas auction in 2018

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(Reuters) - Mexico’s oil regulator will likely add another auction in 2018 featuring conventional onshore oil and gas blocks, the head of the National Hydrocarbons Commission (CNH) said on Thursday, potentially teeing up a third tender in an election...
News

Iran oil minister urges Trump to let US oil firms in

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(AP) Iran’s oil minister says President Donald Trump should allow American oil firms to do business in the Islamic Republic. Bijan Zanganeh’s comments on Tuesday come as Americans and U.S. companies are still barred from directly doing business with Iran....
News

Oil rig explodes in Louisiana Lake Pontchartrain critically injuring 5

OilNOW -
(NBC News) An oil rig exploded on a Louisiana lake Sunday night, injuring seven people, five of them critically, while another person remained unaccounted, authorities said. The explosion on Lake Pontchartrain was reported at 7:18 p.m. (8:18 p.m. ET) about...
News

Statoil enters solar industry with 40% share in 162MW asset in Brazil

OilNOW -
Statoil has signed an agreement to acquire a 40% share in the construction ready 162MW Apodi solar asset in Brazil from Scatec Solar, a Norwegian independent solar power producer. The project will provide approximately 160,000 households with electricity. Statoil...
News

US sanctions on Venezuela could open door wide for Russia, China

OilNOW -
The recent round of sanctions from the Trump administration has pushed the Venezuelan government to publish its oil prices in Chinese Yuan which has been seen as a fulfilled promise from President Nicolás Maduro to layoff the U.S dollar,...
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SBM Offshore targets 25% female participation in training programs

SBM Offshore Guyana is working to boost female participation in its training programs, aiming for a 25% representation, its...

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