Regional

Brazil’s Petrobras opens access to natural gas processing units in antitrust deal

Brazilian state-led energy company Petrobras will grant rival producers and other companies access to onshore natural gas processing facilities in a two-step process in the latest move toward opening Latin America's biggest market under the terms of an antitrust...

COVID-19 spreads to multiple offshore installations in Brazil

Norway’s Equinor ASA and Anglo-French firm Perenco are among at least five oil producers that have registered coronavirus cases among employees or contractors at facilities off the coast of Brazil, industry and regulatory sources told Reuters on Tuesday. Royal Dutch...

Oil-starved Venezuela celebrates arrival of tankers from Iran

(New York Times) An oil tanker called “Fortune” has sailed into Venezuela from Iran, the first of five ships expected to arrive in a nation so starved of gasoline that the docking of a single tanker was hailed on...

Trinidad and Tobago says it will not facilitate passage of Iranian oil tankers en route to Venezuela

Trinidad and Tobago is adamant that it will not facilitate the passage of a fleet of Iranian oil tankers heading to Venezuela loaded with petrol. Minister of National Security, Stuart Young, is quoted in Newsday as saying that the twin...

Venezuela’s military to escort Iranian tankers bringing petrol

The Venezuelan military will escort Iranian tankers delivering much-needed petrol to the country to prevent any attempt by the US to stop them, BBC said in a report on Thursday. Five vessels are on the high seas and are due...

ExxonMobil acquires 50% stake in Suriname block from Petronas

Malaysian oil and gas company Petronas through its subsidiary, Petronas Suriname Exploration & Production B.V. (PSEPBV), has completed the farm-down of 50 percent of its participating interest to ExxonMobil Exploration and Production Suriname B.V. (ExxonMobil) from a 100 per cent...

Iran warns US against disrupting fuel shipments to Venezuela

(Al Jazeera) Iran's foreign minister on Sunday warned the United States against deploying its navy in the Caribbean to disrupt Iranian fuel shipments to Venezuela. According to an oil shipment analyst, five Iranian-flagged tankers loaded with tens of millions of...

Petrobras looks to China’s ‘teapots’ to keep oil exports flowing

(Reuters) - Brazil’s state-run Petrobras sees no need for cuts in oil production, executives say, as the market for its crude remains robust in China, while domestic demand for fuel picks up amid social distancing fatigue in Latin America’s...

Petrobras makes double oil strikes in Brazil’s pre-salt

Brazilian oil company Petrobras announced on Monday two oil strikes in the Santos and Campos Basins offshore the South American country. Petrobras said oil, which is of excellent quality, was found in the Southeast area of the Búzios in the...

Analysis: US oil and gas rig count falls 34 to 398 as Permian collapse extends

(Platts) The US oil and gas rig count fell 34 to a total of 398 in the week ended May 6, as Permian basin drilling activity continued to decline, rig data provider Enervus said Thursday. Oil rigs again led the...

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Seatrium gets job to integrate topsides for MODEC’s Errea Wittu FPSO

Seatrium Limited said it got a job to integrate the topsides for the Errea Wittu floating production, storage and...