Wednesday, August 10, 2022

Regional

Venezuela’s Maduro strips rival of U.N. post amid corruption purge: sources

(Reuters) - Venezuela has ordered the removal of Rafael Ramirez, once a powerful oil minister and head of state oil company PDVSA, from his post as representative to the United Nations in New York, four sources with knowledge of...

Brazil draw down largest signature bonus in history at 14th bidding round

The 14th Bidding Round of blocks for exploration and production of oil and natural gas, held on September 27 by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP), marked the reestablishment of the sector in the South...

First oil flows from Brazil’s giant Libra Field

First oil has flowed from Brazil’s giant Libra field operated by Petrobras and a consortium that includes Total, Shell and China’s CNPC and CNOOC, the companies said on Monday. Libra, which has recoverable volumes estimated by oil regulator ANP at...

TransCanada: Over 24K gallons of oil recovered from spill

(AP) TransCanada Corp. says it has recovered more than 24,000 gallons of oil from the site of a pipeline leak discovered last week in South Dakota. The company said 24,450 gallons of oil had been recovered as of Wednesday. TransCanada's...

Maduro’s Grip on Venezuela’s oil economy tightens with purge

(Bloomberg) After quashing street protests and corralling his political opponents, President Nicolas Maduro has set his sights on Venezuela’s economic engine. The authoritarian socialist’s administration has begun a broad purge at state-owned Petroleos de Venezuela, arresting more than 50 officials...

As Venezuela pumps below OPEC target, oil rivals begin filling gap

(Reuters) - As Venezuela’s dilapidated energy sector struggles to pump enough crude oil to meet the country’s OPEC output target, rival producers within the exporters group have started to plug the gap, OPEC and industry sources said. The South American...

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

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...

Ecopetrol, Repsol acquire oil blocks in Gulf of Mexico

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...

Keystone Pipeline leaks 210,000 gallons of oil in South Dakota

(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...

Brazil Faces Offshore Oil Dilemma

(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...

Latest News

Transocean nets US$1.2 billion in drilling contracts for Brazil, Gulf of Mexico

Transocean, the drilling company that was instrumental in making the giant Liza discovery, was contracted in August for drilling...