Statoil Brazil Looking at Brazil Subsalt Opportunities
The President of Statoil in Brazil said on Wednesday that the Norwegian oil producer is looking at opportunities in Brazil's offshore oil region known as the Subsalt Polygon. Brazil's government is seeking…
Barra to Study Buying Petrobras Asset Sold to Statoil
Brazil's Barra Energia do Brasil Petróleo e Gás, which owns 10 percent of the giant Carcara offshore oil prospect, will study invoking its right of first refusal over Petrobras' sale of its 66 percent stake in the area to Norway's Statoil…
Statoil's Peregrino Crosses 100 Milliion Bbls
After just four years in production, the Peregrino field in the Campos basin offshore Brazil has passed a significant milestone, with 100 million barrels of oil produced since April 2011. The field, jointly owned by Statoil and Chinese Sinochem…
Tanzania Talks with Total, BP on Hydrocarbon Exploration
Tanzania has held talks with France's Total and Britain's BP over oil and gas exploration, its energy ministry said on Saturday, aiming to add to major companies active in its thriving energy sector. Companies…
Tanzania Shelves Plans to Review Mining, Gas Contracts
Tanzania's tax authority has scrapped plans to review mining and gas contracts, after its announcement of the move last week rattled investors in the east African country's rich gold and natural gas resources.
Statoil to Raise Oil Production at Brazil Peregrino Field
Norwegian state-owned oil company Statoil expects to restore oil production at its Peregrino offshore field in Brazil to around 95,000 barrels per day in the coming months, an executive said on Tuesday. The field…
Tanzania Receives Five Bids for Oil & Gas Blocks
Russian, Chinese firms submit bids. Four blocks fail to attract bidders. Tanzania, a hotspot for natural gas exploration, has received five bids for just half of the eight oil and gas blocks it offered in its latest bidding round…
BG, Shell Push Brazil Oil, Gas Output To 26-Month High
Brazil's oil and natural gas output rose to a 26-month high in March as companies such as Royal Dutch Shell Plc and BG Group Plc made up for stagnant output from state-run oil company Petrobras oil regulator ANP said on Monday.
Statoil Reports Success in Espírito Santo
Statoil has received formal approval to enter the São Bernardo discovery in Espírito Santo. The discovery further strengthens Statoil's belief in the oil potential in the basin. On March 19, Agência Nacional do Petróleo…
