3R to acquire onshore oilfields from Petrobras for $250 mn
Oil production at the fields was 2,145 bpd in November...
Category : Oil & Gas
Brent oil prices to pick up to $47 per barrel in 2021: IIF
Higher global oil inventory levels and surplus crude oil production capacity to limit upward pressure on oil prices...
Brazil is gaining prominence outside Asia as oil demand surges
The country's fuel consumption has exceeded pre-virus levels and is expected to be more resilient than last year...
UK urged to end oil and gas exploration in North Sea
The country is competing with Denmark’s recent decision to stall North Sea exploration to secure its position as a ‘credible climate champion’...
Kuwait Oil Company set to award $754 mn contracts
The contracts are part of KOC’s efforts to expand its drilling, exploration and development operations...
Venezuela resumes oil shipments to China despite US sanctions
China is the biggest buyer of Venezuelan crude...
Adnoc to spent $122 bn in 5 years to boost output
The budget was recently approved by Abu Dhabi’s Supreme Petroleum Council...
GeoPark set to sell 10% stake in Manati gas field to Gas Bridge
The total transaction is R$144.4 million, including a fixed payment of R$124.4 million plus an earn-out of R$20.0 million...
China eyes Exxon-owned oil fields in Iraq
Both China National Petroleum Corporation and China National Offshore Oil Corporation are interested in the West Qurna 1 oil field...
Brazil’s oil is not fully impacted by contagion effects of economic crisis
By September, Brazil became the third largest supplier of crude oil to China, and is strengthened by the pre-salt Tupi oilfield...