Petrobras continues divestment; sells Polo Urucu gas field
Eneva has established gas fields such as the Polo Gavioes which account for nearly 10 percent of Brazil's thermal power generation capacity...
Tag : oil and gas
BP agrees to sell 20% stake in Oman’s Block 61 for $2.6 bn
The stakes will be sold to Thailand’s PTT Exploration and Production...
Petrofac lands new 5-year North Sea contract with Ineos
It will build on its current operations and support services through the new deal...
UK-based Energean to invests $235 mn in offshore concessions in Egypt
Energean will develop the North Amriya and North Idku concessions in offshore Egypt...
Brazil’s great asset lies in the deep-sea
Oil produced from pre-salt assets has captured China’s interest. New finds are about to make remarkable progress...
Highs and lows in Kenya’s oil
It is reported that the National Oil Corporation of Kenya could lose the mandate of managing strategic petroleum reserves...
Rising Covid-19 cases worldwide to impact oil demand recovery
Crude prices have continued to rally in January after hitting $50 per barrel in 2020...
Petrobras pumps an average of 2.28 mn bpd in 2020, sets record
The Brazilian oil giant broke its previous record of 2.23 million bpd set in 2015...
Brazil to make significant oil reforms in 2021
It is focused on regulatory stability which is important for improvements in regulator processes...
SNOC and Eni announce production in Mahani gas field
The announcement comes within only one year of the discovery of gas in the field...