PGNiG's LNG Imports Rises in 2018
Polish energy firm PGNiG said that the share of gas imports from Russia in total import volume fell last year to less than 67%. The share of LNG imports, however, increased to over 20%.In 2018, PGNiG imported over 0.62 bcm less natural gas from Russia than in 2017 (down 6.4%).
Anadarko to Sell Certain Natural Gas Assets
Anadarko Petroleum Corp said on Wednesday it would sell certain natural gas assets in the Marcellus shale to a unit of Alta Resources Development LLC, for about $1.24 billion. The Marcellus shale divestiture includes about 195,000 net acres, the company said.
Petrobras Cuts Spending, Raises Asset Sales Goal
Brazil's state-controlled oil company Petrobras cut planned investment by 25 percent under a five-year plan to reduce its massive debt, the largest among global oil firms, and revive investor confidence after a sweeping corruption scandal. Petróleo Brasileiro SA…
Shell CEO: Brazil Output to Quadruple by 2020
Royal Dutch Shell, Europe's largest oil company, expects to make robust investments in Brazil's offshore, hoping to quadruple oil and gas output there by the end of the decade, its chief executive officer said on Monday. CEO Ben Van Beurden spoke in…
Bear Head to Export to Non‐FTA Countries
The U.S. Department of Energy (DOE) has issued final authorization for Bear Head LNG Corporation and Bear Head LNG (USA), LLC (together Bear Head LNG) to export liquefied natural gas (LNG) derived from U.S. produced natural gas to countries that do not have free trade agreements (FTA) with the United States.
Petrobras Slashes Oil Reserves to Lowest Level in 14 Years
Brazil's state-led oil company Petrobras slashed its oil and natural gas reserves 20 percent on Friday as a plunge in oil prices, a heavy debt load, high costs and a corruption scandal choke off the potential of a decade of giant but expensive discoveries.
Petrobras Average Daily O&G Output Rose 4.3% in 2015
Oil and natural gas output at Petróleo Brasileiro SA rose 4.3 percent last year, the second annual increase after two years of declines, as long-delayed offshore production systems came on line. Petrobras, as the company is known, produced an average…
Brazil Regulator Sets Rules for Petrobras Oil Fields Rights Renewal
Brazil's state-run oil company Petrobras will have to agree to extract at least 900 million barrels more of oil and natural gas equivalent from its Marlim and Voador offshore oil fields to win early renewal of its concession rights, oil regulator ANP said.
ANP Requests Extension of Petrobras' Marlim Rights
Brazil's oil industry regulator ANP on Thursday asked the government to extend the concession to operate the giant Marlim offshore oil field of state-run oil company Petroleo Brasileiro SA that is scheduled to expire in 2025. In October, Marlim, in the Campos Basin east of Rio de Janeiro…
Brazil October Oil Output Near Flat as Subsalt Output Falls
Brazil's oil output was little changed in October compared with September as production from the country's largest offshore subsalt fields fell, erasing gains from older fields ramping up output following maintenance, the country's oil regulator said on Wednesday.
Petrobras Stops Platform Output After Gas Leak
Brazil state-run oil company Petroleo Brasileiro SA stopped production on Sunday from its P-40 platform in the offshore Marlim Sul field after a gas leak on the vessel, an oil workers' union said on its website on Monday, citing worker reports. The P-40…
Petrobras Halts Offshore Platform as safety problems found
Brazil's Petrobras shut its P-58 offshore oil production platform after the country's petroleum regulator ANP found safety problems on board, the state-run oil company said on Friday. The platform was producing 106,000 barrels of oil and natural gas equivalent a day in January from seven wells…
Oleo e Gas Reviewing Viability of Oil Production
Oleo e Gas Participações SA, the recently restructured Brazilian oil company, said on Friday it was reviewing the viability of continued output at its only producing field after the fall in oil prices cut it off from finance for expansion. Without new finance…
Linn Energy Assets Sales to Raise $2.3 bln
Linn Energy LLC said it had struck deals to sell oil and gas assets in Texas and western Oklahoma for $2.3 billion to repay debt taken to buy assets from Devon Energy Corp. Linn bought natural gas-rich assets across the Rockies, onshore Gulf Coast and some mid-continent regions from Devon.
Oil Rights Offshore Petrobras Could Cost 50 % More
Brazil's Petrobras may have to pay up to 22,000 million reais ($ 10,000 million) by 2018, or 50 percent more than originally announced, for new offshore oil rights the government decided Tuesday to sell the state oil company. The analysis conducted…
